AAVE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.028%

7d average—if it closes, per $10,000$3funding while held, a day+$2.04

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	143.32	0	get 0.0000% / 1h	34m 26s	$193K	$363K	50x
Short	Orderly PERP_AAVE_USDC	143.28	0.0068	get 0.0068% / 8h	5h 34m	$18K	$12K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee DeribitbpFee OrderlybpOrdersClose when spread is

Spread captured: −$2.79
Funding while held: $2.04
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.75
Spread needed to break even: 0.130%

Slippage unknown: Deribit: live order book, 31 min ago; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0068%
Per $10,000 a day: +$2.04
Average in range /8h: —

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 Deribit live order book, 31 min ago	3.86 bp	7.4 bp −$7	16.3 bp −$163	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective136.96cheapest ApeX Omni142.95+4.374%edgeX142.98+4.394%Variational Omni142.98+4.395%Phoenix143.06+4.454%Kalshi143.13+4.505%Phemex143.14+4.512%Coinbase International143.15+4.520%BloFin143.18+4.541%Extended143.21+4.566%Nado143.21+4.567%OKX143.22+4.571%Pacifica143.23+4.577%Bulk143.23+4.578%Gate143.23+4.578%Bitget143.23+4.578%Backpack143.23+4.578%SoDEX143.23+4.578%Paradex143.23+4.580%Bybit143.24+4.585%SunX143.24+4.587%MEXC143.25+4.593%BingX143.25+4.593%dYdX143.26+4.602%Reya143.27+4.604%Binance143.28+4.614%KuCoin143.28+4.614%

Orderly143.28+4.614%

Arcus143.29+4.622%Aster143.29+4.623%01 Exchange143.30+4.629%Aevo143.31+4.640%

Deribit143.32+4.644%

RISEx143.32+4.644%GMX143.33+4.653%gTrade (Gains Network)143.34+4.657%Polymarket Perps143.36+4.673%Kraken Futures143.38+4.690%Lighter143.42+4.717%Hyperliquid143.44+4.731%HTX143.45+4.737%

AAVE on 41 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	−4.438%	+0.0033%	1h	$422	$106K	12x	as long as short
ApeX Omni AAVEUSDT	−0.258%	+0.0095%	1h	$133K	$236K	50x	as long as short
edgeX AAVEUSDC	−0.239%	+0.0100%	4h	$97K	$310K	20x	as long as short
Variational Omni AAVE	−0.237%	+0.0088%	8h	$3.7M	$1.4M	—	as long as short
Phoenix AAVE	−0.181%	0.0000%	1h	$4K	$73K	10x	as long as short
Kalshi KXAAVEPERP	−0.133%	0.0000%	8h	$67K	$1.4M	3.4x	as long as short
Phemex AAVEUSDT	−0.126%	+0.0100%	8h	$4.0M	$3.7M	50x	as long as short
Coinbase International AAVE-PERP-INTX	−0.119%	+0.0200%	1h	$736K	$2.7M	50x	as long as short
BloFin AAVE-USDT	−0.098%	+0.0220%	8h	$3.5M	$5.5M	100x	as long as short
Extended AAVE-USD	−0.074%	+0.0104%	1h	$898K	$1.6M	50x	as long as short

Show all 41 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Nado AAVE-PERP	−0.073%	+0.0100%	1h	$815K	$422K	10x	as long as short
OKX AAVE-USDT-SWAP	−0.070%	+0.0075%	8h	$17.8M	$62.9M	50x	as long as short
Pacifica AAVE	−0.064%	+0.0100%	1h	$334K	$483K	10x	as long as short
Bulk AAVE-USD	−0.063%	+0.0100%	1h	$58K	−$0	10x	as long as short
Gate AAVE_USDT	−0.063%	+0.0096%	8h	$7.8M	$13.9M	75x	as long as short
Bitget AAVEUSDT	−0.063%	+0.0100%	8h	$29.6M	$16.5M	75x	as long as short
Backpack AAVE_USDC_PERP	−0.063%	+0.0100%	1h	$270K	$556K	10x	as long as short
SoDEX AAVE-USD	−0.063%	+0.0030%	1h	$5K	$290K	10x	as long as short
Paradex AAVE-USD-PERP	−0.061%	+0.0100%	8h	$13K	$4K	20x	as long as short
Bybit AAVEUSDT	−0.056%	+0.0100%	8h	$60.7M	$61.5M	75x	as long as short
SunX AAVE-USDT	−0.054%	+0.0100%	8h	$1K	$1.2M	20x	as long as short
MEXC AAVE_USDT	−0.049%	+0.0100%	8h	$34.1M	$25.1M	200x	as long as short
BingX AAVE-USDT	−0.049%	+0.0100%	8h	—	$42.2M	—	as long as short
dYdX AAVE-USD	−0.040%	0.0000%	1h	$103K	$4K	10x	as long as short
Reya AAVERUSDPERP	−0.038%	+0.0044%	1h	—	—	20x	as long as short
Binance AAVEUSDT	−0.029%	+0.0100%	8h	$64.7M	$172.4M	75x	as long as short
KuCoin AAVEUSDTM	−0.028%	+0.0100%	8h	$10.1M	$8.6M	75x	as long as short
Orderly PERP_AAVE_USDCshort	−0.028%	+0.0068%	8h	$18K	$12K	10x
Arcus AAVE-USD	−0.021%	+0.0100%	1h	$57K	$401K	10x	as long as short
Aster AAVEUSDT	−0.020%	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
01 Exchange AAVEUSD	−0.014%	+0.0032%	1h	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	−0.003%	+0.0104%	1h	$121K	$146	10x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.000%	0.0000%	1h	$193K	$363K	50x
RISEx AAVE/USDC	+0.001%	+0.0091%	1h	$188K	$235K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	+0.009%	L +0.0269% / S −0.0451%	1h	$126K	—	100x	as long as short
gTrade (Gains Network) AAVE/USD	+0.013%	L +0.0005% / S −0.0004%	1h	$69K	—	150x	as long as short
Polymarket Perps AAVE-USD	+0.028%	+0.0100%	1h	$140K	$466K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.044%	+0.0156%	1h	$3.5M	$2.1M	50x	as long as short
Lighter AAVE	+0.070%	+0.0096%	1h	$4.6M	$1.8M	10x	as long as short
Hyperliquid AAVE	+0.084%	+0.0100%	1h	$79.5M	$28.3M	10x	as long as short
HTX AAVE-USDT	+0.089%	+0.0100%	8h	$700K	$4.7M	75x	as long as short