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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0400%/8h= −43.8% APRnext payment $0.50 per $10,000 · paid last 24h −0.008%
Price spread now: 01 Exchange against Coinbase International−0.220%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 3 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 −$12 a day on $10k at the current rate, and 01 Exchange is 0.220% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX145.640.0296pay 0.0037% / 1h55m 00s$780K$3.1M50x
Short01 Exchange AAVEUSD145.32−0.0104pay 0.0013% / 1h55m 00s$11K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$84
Price spread: −0.220% → 0.000%
−$21.97
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$122.97
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago6.17 bp14.5 bp −$1518.4 bp −$184doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni AAVEUSDT−0.0529%1h145.50−0.096%$135K$229K50xas long as short
Kraken Futures PF_AAVEUSD−0.0185%1h145.58−0.042%$3.5M$2.1M50xas long as short
Phemex AAVEUSDT−0.0170%8h145.61−0.021%$4.1M$3.8M50xas long as short
Gate AAVE_USDT−0.0109%8h145.53−0.076%$7.8M$15.2M75xas long as short
01 Exchange AAVEUSDshort−0.0104%1h145.32−0.220%$11K$2K5x
Deribit AAVE_USDC-PERPETUAL−0.0094%1h145.45−0.130%$254K$391K50xas long as short
Bybit AAVEUSDT−0.0046%8h145.67+0.021%$62.1M$66.1M75xas long as short
Phoenix AAVE−0.0027%1h145.79+0.103%$5K$102K10xas long as short
GRVT AAVE_USDT_Perp−0.0027%8h145.42−0.150%$456K$3.9M10xas long as short
SoDEX AAVE-USD−0.0025%1h145.45−0.130%$5K$305K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h145.64−0.001%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.72+0.055%$77K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.49−0.106%$70K150xas long as short
MEXC AAVE_USDT+0.0025%8h145.640.000%$29.2M$25.6M200xas long as short
Binance AAVEUSDT+0.0026%8h145.66+0.014%$66.1M$187.7M75xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.960%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h145.37−0.182%20xas long as short
Orderly PERP_AAVE_USDC+0.0051%8h145.42−0.151%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0065%8h145.66+0.014%$17.8M$67.3M50xas long as short
Aevo AAVE-PERP+0.0088%1h145.69+0.033%$123K$14610xas long as short
Lighter AAVE+0.0096%1h145.66+0.017%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.46−0.122%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.38−0.179%$795K$449K10xas long as short
Hyperliquid AAVE+0.0100%1h145.66+0.014%$79.5M$35.6M10xas long as short
Aster AAVEUSDT+0.0100%8h145.54−0.069%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.62−0.016%$332K$504K10xas long as short
Arcus AAVE-USD+0.0100%1h145.43−0.144%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h145.52−0.079%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.45−0.130%$10.0M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.59−0.034%$30.2M$18.3M75xas long as short
BingX AAVE-USDT+0.0100%8h145.52−0.082%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.63−0.007%$348K$744K10xas long as short
Variational Omni AAVE+0.0100%8h145.84+0.134%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.42−0.151%$105K$316K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.47−0.117%$127K$454K10xas long as short
SunX AAVE-USDT+0.0100%8h145.41−0.161%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.53−0.072%$685K$5.1M75xas long as short
Extended AAVE-USD+0.0104%1h145.58−0.040%$934K$1.7M50xas long as short
BloFin AAVE-USDT+0.0105%8h145.45−0.130%$3.5M$4.1M100xas long as short
RISEx AAVE/USDC+0.0107%1h145.45−0.129%$184K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0269% / S −0.0449%1h145.48−0.111%$127K100xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0296%1h145.64long leg$780K$3.1M50x