Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0104%/8hnext payment −$0.13 per $10,000 · paid last 24h −0.311%

Price spread now: Deribit against Extended+0.114%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.485%−$48 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.114%, 7d avg +0.041%

Together, before fees−0.447%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.073% dearer against Extended than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.041%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.485% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	144.54	0.0104	pay 0.0013% / 1h	5m 42s	$928K	$1.7M	50x
Short	Deribit AAVE_USDC-PERPETUAL	144.71	0	get 0.0000% / 1h	5m 42s	$210K	$379K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$21.84
Price spread: +0.114% → +0.041%: $7.34
Slippage, 4 orders: −$16.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.14
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Deribit: live order book, 27 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	0.69 bp	6.4 bp −$6	22.5 bp −$225	doesn't fit	doesn't fit
Sell Deribit live order book, 27 min ago	3.81 bp	7.7 bp −$8	14.0 bp −$140	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
SoDEX AAVE-USD	−0.0149%	1h	144.59	+0.031%	$5K	$281K	10x	as long as short
01 Exchange AAVEUSD	−0.0024%	1h	144.72	+0.121%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.64	+0.066%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.70	+0.107%	$54K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	144.80	+0.176%	$4K	$92K	10x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	144.71	+0.114%	$210K	$379K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.70	+0.107%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.247%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0042%	8h	144.45	−0.066%	$18.1M	$63.0M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.60	+0.037%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0069%	8h	144.62	+0.052%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0081%	1h	144.48	−0.045%	$61K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0094%	8h	144.56	+0.010%	$7.8M	$14.3M	75x	as long as short
Variational Omni AAVE	+0.0094%	8h	144.67	+0.090%	$3.8M	$1.3M	—	as long as short
Lighter AAVE	+0.0096%	1h	144.69	+0.097%	$4.6M	$1.6M	10x	as long as short
MEXC AAVE_USDT	+0.0096%	8h	144.56	+0.010%	$32.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0098%	8h	144.51	−0.025%	$65.4M	$173.2M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.59	+0.031%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.65	+0.069%	$825K	$428K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.69	+0.098%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.68	+0.094%	$338K	$482K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	−0.045%	$61.4M	$61.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.67	+0.087%	$61K	$382K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.63	+0.059%	$10.3M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.50	−0.031%	$30.0M	$16.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.55	+0.004%	—	$42.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.69	+0.100%	$331K	$589K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.62	+0.055%	$98K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.69	+0.099%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.72	+0.121%	$135K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.70	+0.107%	$130K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.58	+0.022%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.74	+0.135%	$737K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.62	+0.052%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.54	long leg	$928K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.69	+0.097%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0105%	1h	144.69	+0.100%	$188K	$236K	10x	as long as short
Hyperliquid AAVE	+0.0155%	1h	144.78	+0.163%	$81.3M	$28.8M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	144.73	+0.128%	$747K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0210%	1h	144.72	+0.121%	$3.5M	$2.2M	50x	as long as short
BloFin AAVE-USDT	+0.0217%	8h	144.67	+0.087%	$3.5M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	144.69	+0.102%	$127K	—	100x	as long as short