Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.019%
Price spread now: BloFin against GMX+0.306%51s7-day average −0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.203%+$20 on $10k
Price spread, last 4 days (all we have)−0.309%−$31 · spread now +0.306%, 7d avg −0.045%
Together, before fees−0.106%−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.351% dearer against GMX than usual: you sell high and buy low (spread +0.306% now, against its 7-day average of −0.045%): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days. Mind the row above: over the last 3 days funding on this pair paid +0.203%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AAVE/USD [AAVE-USDC]141.94L +0.0252% / S −0.0362%pay 0.0032% / 1h27m 40s$111K100x
ShortBloFin AAVE-USDT142.370.0220get 0.0220% / 8h2h 27m$3.3M$3.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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

Funding earned
−$6.8
Price spread: +0.306% → −0.045%
$35.09
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$4.29
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell BloFin live order book, 6 min ago0.35 bp8.0 bp −$811.9 bp −$11925.4 bp −$2,54369.9 bp −$34.9K
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h142.03+0.065%$101K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.96+0.017%$52K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h142.03+0.066%$216K$394K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.98+0.031%$79K150xas long as short
Nado AAVE-PERP+0.0027%1h141.98+0.031%$827K$400K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.506%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.94+0.001%20xas long as short
Orderly PERP_AAVE_USDC+0.0068%8h141.99+0.038%$18K$10K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.99+0.039%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h142.02+0.058%$1.2M$1.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AAVE+0.0100%1h142.05+0.078%$325K$447K10xas long as short
Binance AAVEUSDT+0.0100%8h142.04+0.073%$63.5M$190.4M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.99+0.038%$60.9M$68.4M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.98+0.031%$17.0M$64.4M50xas long as short
Arcus AAVE-USD+0.0100%1h142.07+0.094%$63K$198K10xas long as short
Bulk AAVE-USD+0.0100%1h142.34+0.283%$57K−$010xas long as short
Gate AAVE_USDT+0.0100%8h142.02+0.059%$8.0M$16.1M75xas long as short
MEXC AAVE_USDT+0.0100%8h142.03+0.066%$25.0M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h142.02+0.059%$10.2M$9.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.99+0.038%$29.1M$18.4M75xas long as short
BingX AAVE-USDC+0.0100%8h142.01+0.052%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h141.93−0.002%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h142.41+0.334%$105K$280K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h142.57+0.445%$446K$3.9M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h142.52+0.411%$132K$222K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.04+0.073%$140K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h142.13+0.137%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h142.01+0.052%$5K$313K10xas long as short
HTX AAVE-USDT+0.0100%8h142.46+0.365%$681K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h142.04+0.073%$4.0M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h141.93−0.008%$905K$1.7M50xas long as short
01 Exchange AAVEUSD+0.0104%1h142.03+0.066%$10K$2K5xas long as short
Aevo AAVE-PERP+0.0104%1h142.07+0.095%$120K$14610xas long as short
Hyperliquid AAVE+0.0108%1h142.11+0.122%$77.7M$37.1M10xas long as short
Phoenix AAVE+0.0118%1h142.14+0.143%$4K$106K10xas long as short
Backpack AAVE_USDC_PERP+0.0152%1h142.20+0.186%$337K$730K10xas long as short
RISEx AAVE/USDC+0.0207%1h142.03+0.067%$190K$253K10xas long as short
BloFin AAVE-USDTshort+0.0220%8h142.37+0.306%$3.3M$3.5M100x
Kraken Futures PF_AAVEUSD+0.0238%1h142.07+0.092%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]longL +0.0252% / S −0.0362%1h141.94long leg$111K100x
Lighter AAVE+0.0280%1h142.23+0.210%$4.5M$2.4M10xas long as short
Coinbase International AAVE-PERP-INTX+0.0376%1h142.08+0.101%$765K$2.8M50xas long as short