Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.025%

Price spread now: Gate against Extended+0.026%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.026%, 7d avg +0.053%

Together, before fees−0.073%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.027% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	146.43	0.0104	pay 0.0013% / 1h	50m 27s	$940K	$1.7M	50x
Short	Gate AAVE_USDT	146.47	0.0078	get 0.0078% / 8h	50m 27s	$7.9M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.026%Rate

Funding earned: −$5.46
Price spread: +0.026% → +0.053%: −$2.75
Slippage, 4 orders: −$21.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.76
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Gate: 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	2.73 bp	5.8 bp −$6	19.5 bp −$195	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.05 bp	14.7 bp −$15	24.0 bp −$240	45.9 bp −$4,591	51.6 bp −$25.8K

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
Phoenix AAVE	−0.0027%	1h	146.35	−0.056%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0024%	1h	146.44	+0.005%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.46	+0.019%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.55	+0.078%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.33	−0.070%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.50	+0.045%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.49	+0.042%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	146.53	+0.067%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.469%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.53	+0.067%	$31.1M	$25.6M	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	+0.0043%	8h	146.49	+0.040%	$66.8M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.30	−0.088%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.44	+0.005%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.44	+0.005%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDTshort	+0.0078%	8h	146.47	+0.026%	$7.9M	$15.8M	75x
Aevo AAVE-PERP	+0.0088%	1h	146.48	+0.029%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.74	+0.213%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.53	+0.068%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.44	+0.009%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.53	+0.067%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.59	+0.108%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.45	+0.012%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.48	+0.033%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.041%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.54	+0.074%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.38	−0.036%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.48	+0.033%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.080%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.074%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	−0.027%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.104%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.52	+0.060%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.37	−0.042%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.49	+0.042%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.39	−0.029%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	146.43	long leg	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.52	+0.062%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.40	−0.022%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0185%	1h	146.54	+0.074%	$81.0M	$34.3M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0228%	1h	146.53	+0.067%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.50	+0.043%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	−0.001%	$795K	$3.0M	50x	as long as short