Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.018%

Price spread now: Binance against gTrade (Gains Network)−0.054%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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—needs both histories

Funding pays, the price is against you. Binance is 0.054% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 46 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	141.84	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	17m 15s	$79K	—	150x
Short	Binance AAVEUSDT	141.76	0.0100	get 0.0100% / 8h	6h 17m	$63.8M	$170.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.054%Rate

Funding earned: $19.96
Price spread: −0.054% → 0.000%: −$5.43
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.47
Costs to cover: 0.200%
Break-even: 8.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.35 bp	7.4 bp −$7	14.3 bp −$143	50.1 bp −$5,005	175.7 bp −$87.8K

gTrade (Gains Network): 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 exchanges

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	−0.0111%	1h	141.76	−0.054%	$6K	$241K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0040%	1h	141.90	+0.044%	$132K	$221K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.91	+0.052%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.76	−0.054%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.79	−0.033%	$42K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.80	−0.026%	$210K	$354K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	141.84	long leg	$79K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.438%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.72	−0.086%	—	—	20x	as long as short
Bybit AAVEUSDT	+0.0048%	8h	141.75	−0.061%	$61.1M	$62.0M	75x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0062%	1h	141.80	−0.026%	$4K	$97K	10x	as long as short
Phemex AAVEUSDT	+0.0070%	8h	141.76	−0.054%	$3.9M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.74	−0.068%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.98	+0.098%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.68	−0.114%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.70	−0.093%	$813K	$316K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.96	+0.087%	$78.0M	$31.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.86	+0.013%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.77	−0.046%	$345K	$319K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	141.76	−0.054%	$63.8M	$170.1M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.77	−0.047%	$16.5M	$55.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.84	+0.002%	$94K	$206K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.71	−0.090%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.79	−0.033%	$8.1M	$14.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.75	−0.061%	$22.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.86	+0.016%	$10.3M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.75	−0.061%	$29.3M	$16.6M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.78	−0.040%	—	$43.2M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.78	−0.043%	$3.7M	$724K	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.69	−0.103%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.76	−0.053%	$452K	$3.3M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.81	−0.019%	$134K	$396K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.75	−0.059%	$2K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.19	+0.247%	$663K	$1.5M	75x	as long as short
Backpack AAVE_USDC_PERP	+0.0101%	1h	141.93	+0.066%	$388K	$630K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.70	−0.095%	$916K	$1.5M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.78	−0.041%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0164%	1h	141.78	−0.038%	$172K	$206K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0176%	1h	141.89	+0.038%	$3.4M	$1.9M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.75	−0.061%	$3.3M	$3.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	142.00	+0.115%	$753K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.76	−0.053%	$110K	—	100x	as long as short