Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%

Price spread now: 01 Exchange against Extended+0.222%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.222% dearer against Extended than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	140.75	0.0104	pay 0.0013% / 1h	20m 56s	$910K	$1.8M	50x
Short	01 Exchange AAVEUSD	141.06	0.0104	get 0.0013% / 1h	20m 56s	$10K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.222%Rate

Funding earned: $0
Price spread: +0.222% → 0.000%: $22.19
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $10.19
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Extended: live order book, 2 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	3.90 bp	7.5 bp −$7	22.4 bp −$224	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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
dYdX AAVE-USD	0.0000%	1h	141.09	+0.246%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.96	+0.151%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.88	+0.094%	$212K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.97	+0.161%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.691%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.89	+0.103%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.89	+0.101%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.04	+0.209%	$4.5M	$2.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.03	+0.203%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.99	+0.172%	$823K	$397K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	140.95	+0.144%	$77.0M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.81	+0.042%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.06	+0.225%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.75	+0.002%	$63.0M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.74	−0.005%	$60.5M	$69.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.77	+0.016%	$16.6M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.13	+0.272%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.09	+0.242%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.77	+0.016%	$8.0M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.77	+0.016%	$22.9M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.77	+0.016%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.75	+0.002%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.75	+0.002%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.88	+0.093%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.92	+0.120%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.94	+0.139%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.98	+0.165%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.02	+0.193%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.86	+0.078%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.84	+0.066%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.17	+0.297%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.88	+0.094%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	140.75	long leg	$910K	$1.8M	50x
01 Exchange AAVEUSDshort	+0.0104%	1h	141.06	+0.222%	$10K	$2K	5x
Aevo AAVE-PERP	+0.0104%	1h	140.91	+0.113%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.08	+0.236%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.82	+0.051%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.03	+0.203%	$188K	$292K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0250%	1h	140.91	+0.115%	$383K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.94	+0.137%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.15	+0.286%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0272%	1h	140.92	+0.120%	$3.3M	$2.1M	50x	as long as short