Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.064%

Price spread now: Gate against Coinbase International+0.082%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.082%, 7d avg −0.072%

Together, before fees−0.403%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.154% dearer against Coinbase International than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.072%): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	146.43	0.0280	pay 0.0035% / 1h	50m 43s	$795K	$3.0M	50x
Short	Gate AAVE_USDT	146.55	0.0077	get 0.0077% / 8h	50m 43s	$7.9M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now +0.082%Rate

Funding earned: −$42.63
Price spread: +0.082% → −0.072%: $15.43
Slippage, 4 orders: −$30.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.66
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Gate: live order book, 3 min ago.

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 Coinbase International live order book, 3 min ago	3.75 bp	11.3 bp −$11	15.7 bp −$157	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.05 bp	14.7 bp −$15	24.0 bp −$240	45.9 bp −$4,591	51.6 bp −$25.8K

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
Phoenix AAVE	−0.0027%	1h	146.35	−0.055%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0024%	1h	146.44	+0.007%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.46	+0.020%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.55	+0.079%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.33	−0.068%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.50	+0.046%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.49	+0.043%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.48	+0.034%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.467%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.53	+0.068%	$31.1M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.55	+0.084%	$66.8M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.38	−0.037%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.44	+0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.46	+0.020%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDTshort	+0.0077%	8h	146.55	+0.082%	$7.9M	$15.8M	75x
Aevo AAVE-PERP	+0.0088%	1h	146.48	+0.031%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.74	+0.214%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.53	+0.069%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.41	−0.014%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.52	+0.065%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.59	+0.109%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.49	+0.041%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.48	+0.034%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.043%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.54	+0.075%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.49	+0.041%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.48	+0.034%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.078%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.072%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	−0.025%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.102%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.47	+0.027%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.37	−0.040%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.49	+0.044%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.39	−0.027%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.43	+0.001%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.52	+0.063%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.40	−0.020%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0193%	1h	146.73	+0.205%	$81.1M	$34.3M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0228%	1h	146.53	+0.068%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.50	+0.045%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0280%	1h	146.43	long leg	$795K	$3.0M	50x