Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Aster against Extended+0.073%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.073%, 7d avg +0.062%

Together, before fees−0.111%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	142.43	0.0104	pay 0.0013% / 1h	15m 03s	$916K	$1.8M	50x
Short	Aster AAVEUSDT	142.53	0.0100	get 0.0100% / 8h	7h 15m	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$0.84
Price spread: +0.073% → +0.062%: $1.07
Slippage, 4 orders: −$24.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.55
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Aster: 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 Extended live order book, 3 min ago	3.16 bp	6.7 bp −$7	21.1 bp −$211	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.51 bp	11.6 bp −$12	27.8 bp −$278	doesn't fit	doesn't fit

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
Phemex AAVEUSDT	−0.0212%	8h	142.50	+0.051%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.44	+0.006%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.56	+0.093%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.51	+0.058%	$212K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.52	+0.065%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.839%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.37	−0.038%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	142.46	+0.022%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0092%	8h	142.47	+0.030%	$17K	$6K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	142.62	+0.135%	$4K	$99K	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	142.54	+0.077%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.38	−0.030%	$836K	$391K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.64	+0.149%	$77.9M	$36.7M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	142.53	+0.073%	$1.2M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	142.56	+0.092%	$348K	$408K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.53	+0.069%	$63.7M	$189.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.49	+0.044%	$61.4M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.50	+0.051%	$16.5M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.57	+0.100%	$95K	$226K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.41	−0.013%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.50	+0.051%	$8.1M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.50	+0.051%	$22.7M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.56	+0.093%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.53	+0.072%	$28.9M	$17.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.47	+0.030%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.62	+0.138%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.42	−0.005%	$110K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.28	−0.105%	$455K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.43	+0.001%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.49	+0.044%	$135K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.48	+0.039%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.49	+0.044%	$6K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.51	+0.060%	$670K	$5.3M	75x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	142.43	long leg	$916K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.53	+0.072%	$120K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	142.73	+0.213%	$4.6M	$2.6M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0205%	1h	142.58	+0.107%	$388K	$735K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	142.81	+0.268%	$760K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.48	+0.037%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.47	+0.029%	$173K	$292K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	142.58	+0.109%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.54	+0.079%	$111K	—	100x	as long as short