Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.010%

Price spread now: Bybit against gTrade (Gains Network)+0.095%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.095% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread 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	gTrade (Gains Network) AAVE/USD	145.93	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	34m 56s	$71K	—	150x
Short	Bybit AAVEUSDT	146.07	0.0069	get 0.0069% / 8h	7h 34m	$62.5M	$65.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.095%Rate

Funding earned: $13.34
Price spread: +0.095% → 0.000%: $9.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.8
Costs to cover: 0.210%
Break-even: 6.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 4 min ago	0.34 bp	8.0 bp −$8	13.7 bp −$137	53.9 bp −$5,386	doesn't fit

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 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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.09	+0.110%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.78	−0.104%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0106%	1h	145.97	+0.026%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.01	+0.053%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.91	−0.016%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.88	−0.036%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.87	−0.042%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	145.93	long leg	$71K	—	150x
Binance AAVEUSDT	+0.0021%	8h	146.05	+0.081%	$66.2M	$185.5M	75x	as long as short
MEXC AAVE_USDT	+0.0022%	8h	145.97	+0.026%	$29.1M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.148%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.77	−0.109%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	145.95	+0.012%	$18K	$10K	10x	as long as short
Gate AAVE_USDT	+0.0056%	8h	145.98	+0.033%	$7.9M	$15.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.08	+0.101%	$17.9M	$66.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0067%	1h	146.03	+0.067%	$136K	$230K	50x	as long as short
Bybit AAVEUSDTshort	+0.0069%	8h	146.07	+0.095%	$62.5M	$65.4M	75x
GRVT AAVE_USDT_Perp	+0.0069%	8h	145.92	−0.008%	$462K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0085%	8h	145.81	−0.084%	$3.5M	$4.0M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	+0.029%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	+0.156%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.85	−0.054%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.79	−0.097%	$797K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.08	+0.101%	$79.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.06	+0.088%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.86	−0.049%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.070%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.145%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.97	+0.026%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.05	+0.081%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.94	+0.005%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.07	+0.095%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.87	−0.041%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.87	−0.041%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	−0.042%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.81	−0.087%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.13	+0.134%	$710K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.95	+0.012%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.06	+0.088%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.86	−0.052%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	145.92	−0.007%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.14	+0.143%	$786K	$3.1M	50x	as long as short