Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.007%
Price spread now: 01 Exchange against Bulk−0.239%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.239% cheaper against Bulk than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk AAVE-USD144.070.0100pay 0.0013% / 1h10m 57s$58K$2K10x
Short01 Exchange AAVEUSD143.73−0.0048pay 0.0006% / 1h10m 57s$11K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$31.08
Price spread: −0.239% → 0.000%
−$23.9
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$68.98
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bulk: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk no order-book sample
Sell 01 Exchange no order-book sample
Bulk and 01 Exchange: 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 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSDshort−0.0048%1h143.73−0.239%$11K$2K5x
dYdX AAVE-USD0.0000%1h143.62−0.315%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.71−0.253%$59K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.89−0.128%$228K$389K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.86−0.146%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.938%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.74−0.232%20xas long as short
Orderly PERP_AAVE_USDC+0.0045%8h143.86−0.149%$18K$10K10xas long as short
Nado AAVE-PERP+0.0055%1h143.73−0.239%$830K$433K10xas long as short
Phoenix AAVE+0.0089%1h144.07−0.003%$5K$98K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h144.06−0.009%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.58−0.342%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h144.04−0.024%$77.9M$35.2M10xas long as short
Aster AAVEUSDT+0.0100%8h143.89−0.131%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h143.64−0.301%$327K$433K10xas long as short
Binance AAVEUSDT+0.0100%8h143.96−0.077%$64.4M$182.5M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.97−0.072%$61.4M$64.1M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.95−0.086%$17.3M$63.4M50xas long as short
Arcus AAVE-USD+0.0100%1h143.77−0.211%$44K$179K10xas long as short
Bulk AAVE-USDlong+0.0100%1h144.07long leg$58K$2K10x
Gate AAVE_USDT+0.0100%8h143.88−0.135%$7.9M$15.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.96−0.079%$26.0M$23.7M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.88−0.135%$10.7M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.98−0.066%$30.2M$17.4M75xas long as short
BingX AAVE-USDC+0.0100%8h143.87−0.142%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.01−0.045%$321K$691K10xas long as short
Variational Omni AAVE+0.0100%8h143.66−0.290%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.82−0.179%$104K$277K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.88−0.133%$451K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.90−0.121%$134K$219K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.78−0.204%$128K$422K10xas long as short
SunX AAVE-USDT+0.0100%8h143.67−0.281%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.88−0.135%$5K$301K10xas long as short
HTX AAVE-USDT+0.0100%8h143.85−0.159%$693K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.83−0.170%$4.1M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h143.94−0.091%$918K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h143.89−0.125%$122K$14610xas long as short
RISEx AAVE/USDC+0.0195%1h143.80−0.188%$185K$236K10xas long as short
BloFin AAVE-USDT+0.0220%8h143.92−0.107%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0263% / S −0.0420%1h143.83−0.172%$124K100xas long as short
Kraken Futures PF_AAVEUSD+0.0267%1h143.96−0.077%$3.5M$2.1M50xas long as short
Coinbase International AAVE-PERP-INTX+0.0336%1h144.02−0.038%$783K$2.8M50xas long as short