Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.011%

Price spread now: BloFin against Extended+0.133%174s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.299% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.133%, 7d avg +0.070%

Together, before fees+0.161%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.062% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.070%. The two prices were read 174 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	144.34	0.0104	pay 0.0013% / 1h	46m 25s	$922K	$1.7M	50x
Short	BloFin AAVE-USDT	144.53	0.0147	get 0.0147% / 8h	6h 46m	$3.4M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.133%Rate

Funding earned: $9.06
Price spread: +0.133% → +0.070%: $6.24
Slippage, 4 orders: −$12.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.58
Costs to cover: 0.299%
Break-even: 18.3 days

Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago	3.46 bp	6.1 bp −$6	18.5 bp −$185	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.69 bp	7.0 bp −$7	15.3 bp −$153	43.4 bp −$4,338	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
Deribit AAVE_USDC-PERPETUAL	−0.9724%	1h	142.94	−0.969%	$248K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	144.34	+0.001%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.46	+0.087%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	−0.0033%	1h	144.58	+0.168%	$134K	$230K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.32	−0.010%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.40	+0.043%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.33	−0.006%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.237%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.112%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	144.28	−0.040%	$27.6M	$24.7M	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	+0.0041%	8h	144.32	−0.013%	$65.1M	$185.1M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	+0.015%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.059%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	144.37	+0.022%	$17.5M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.38	+0.029%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.37	+0.024%	$184K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.50	+0.115%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.40	+0.045%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.27	−0.044%	$798K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.40	+0.043%	$78.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.38	+0.027%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.38	+0.028%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.32	−0.013%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.36	+0.015%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.070%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.28	−0.040%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.32	−0.013%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.32	−0.013%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.30	−0.026%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.47	+0.091%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.038%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.51	+0.122%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	+0.142%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.31	−0.020%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.30	−0.029%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.34	+0.001%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.54	+0.138%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.39	+0.036%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.34	long leg	$922K	$1.7M	50x
BloFin AAVE-USDTshort	+0.0147%	8h	144.53	+0.133%	$3.4M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.31	−0.021%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.55	+0.147%	$775K	$2.8M	50x	as long as short