Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h −0.002%

Price spread now: OKX against gTrade (Gains Network)+0.003%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 OKX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	142.43	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	12m 45s	$80K	—	150x
Short	OKX AAVE-USDT-SWAP	142.43	0.0100	get 0.0100% / 8h	1h 12m	$17.0M	$64.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $19.96
Price spread: +0.003% → 0.000%: $0.28
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $0.24
Costs to cover: 0.200%
Break-even: 6.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.35 bp	7.8 bp −$8	13.0 bp −$130	54.7 bp −$5,471	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
dYdX AAVE-USD	0.0000%	1h	142.43	+0.004%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.37	−0.039%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.42	−0.004%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	142.43	long leg	$80K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.838%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.34	−0.060%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	142.33	−0.067%	$828K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.39	−0.025%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.49	+0.045%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.56	+0.096%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.38	−0.031%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.43	+0.003%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.47	+0.028%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.44	+0.010%	$64.0M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.42	−0.004%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0100%	8h	142.43	+0.003%	$17.0M	$64.1M	50x
Arcus AAVE-USD	+0.0100%	1h	142.49	+0.045%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	+0.117%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.39	−0.025%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.42	−0.004%	$24.5M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.44	+0.010%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.37	−0.039%	$29.1M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.38	−0.032%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.060%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.30	−0.085%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.38	−0.035%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.31	−0.081%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.44	+0.010%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.39	−0.023%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.39	−0.025%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.51	+0.060%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.37	−0.039%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.33	−0.068%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.44	+0.012%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.47	+0.031%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0157%	1h	142.54	+0.080%	$391K	$729K	10x	as long as short
Hyperliquid AAVE	+0.0187%	1h	142.51	+0.059%	$77.9M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.39	−0.025%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.42	−0.007%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.47	+0.028%	$191K	$269K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.81	+0.270%	$757K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.47	+0.031%	$3.4M	$2.1M	50x	as long as short