Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.015%

Price spread now: 01 Exchange against Bybit+0.063%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and 01 Exchange is 0.063% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	141.99	0.0100	pay 0.0100% / 8h	1h 03m	$61.4M	$67.4M	75x
Short	01 Exchange AAVEUSD	142.08	0.0112	get 0.0014% / 1h	3m 38s	$10K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Bybit. 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 BybitbpFee 01 ExchangebpOrdersPrice spread, now +0.063%Rate

Funding earned: $2.52
Price spread: +0.063% → 0.000%: $6.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$9.14
Costs to cover: 0.180%
Break-even: 32.4 days

Slippage unknown: Bybit: live order book, 5 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	0.35 bp	7.1 bp −$7	13.4 bp −$134	62.5 bp −$6,249	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX AAVE-USD	0.0000%	1h	142.04	+0.038%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.04	+0.035%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.00	+0.007%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.03	+0.028%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.543%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.95	−0.030%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	142.00	+0.004%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	141.97	−0.014%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.359%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.27	+0.199%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.04	+0.034%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.10	+0.076%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	+0.104%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.04	+0.035%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	141.99	long leg	$61.4M	$67.4M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.98	−0.007%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.13	+0.099%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.254%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.09	+0.070%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.10	+0.077%	$24.3M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.11	+0.085%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.04	+0.035%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.03	+0.028%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	+0.190%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	+0.090%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	+0.099%	$444K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.08	+0.063%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.05	+0.042%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.96	−0.025%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.00	+0.007%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.328%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.02	+0.021%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.01	+0.014%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.01	+0.018%	$120K	$146	10x	as long as short
01 Exchange AAVEUSDshort	+0.0112%	1h	142.08	+0.063%	$10K	$2K	5x
Hyperliquid AAVE	+0.0162%	1h	142.29	+0.211%	$77.8M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0166%	1h	142.13	+0.099%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.09	+0.070%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.01	+0.015%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.09	+0.072%	$188K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.211%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.10	+0.079%	$3.4M	$2.1M	50x	as long as short