Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.030%

Price spread now: OKX against Bulk+0.191%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. OKX is 0.191% dearer against Bulk than usual: you sell high and buy low (spread +0.191% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 54 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	144.07	0.0100	pay 0.0013% / 1h	1m 29s	$58K	$2K	10x
Short	OKX AAVE-USDT-SWAP	144.34	0.0088	get 0.0088% / 8h	6h 01m	$17.3M	$64.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bulk. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BulkbpFee OKXbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$2.48
Price spread: +0.191% → 0.000%: $19.07
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$0.41
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; OKX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bulk no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	0.35 bp	8.2 bp −$8	14.8 bp −$148	67.6 bp −$6,763	doesn't fit

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 41 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.54	+0.328%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.38	+0.218%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	+0.278%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.28	+0.149%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.43	+0.253%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	+0.246%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	+0.281%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.932%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.34	+0.192%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	+0.267%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0087%	8h	144.40	+0.232%	$26.6M	$25.0M	200x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0088%	8h	144.34	+0.191%	$17.3M	$64.0M	50x
Binance AAVEUSDT	+0.0089%	8h	144.41	+0.239%	$65.1M	$182.0M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.42	+0.244%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.56	+0.340%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.36	+0.205%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.34	+0.194%	$803K	$415K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.49	+0.295%	$78.2M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.39	+0.229%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	+0.226%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.40	+0.232%	$61.8M	$64.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.40	+0.232%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.43	+0.253%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.42	+0.246%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.46	+0.274%	$30.1M	$17.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.42	+0.246%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	+0.330%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.02	−0.032%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.219%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.283%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.232%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.38	+0.218%	$126K	$421K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	+0.248%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.43	+0.253%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.58	+0.356%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.51	+0.309%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	144.07	long leg	$58K	$2K	10x
Extended AAVE-USD	+0.0104%	1h	144.29	+0.156%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.45	+0.267%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0399%	1h	144.53	+0.320%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	+0.323%	$776K	$2.8M	50x	as long as short