Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.031%

Price spread now: BloFin against Injective+6.462%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

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 BloFin is 6.462% dearer against Injective than usual: you sell high and buy low: +$646 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	35m 02s	$422	$51K	12x
Short	BloFin AAVE-USDT	145.81	0.0085	get 0.0085% / 8h	7h 35m	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +6.462%Rate

Funding earned: $10.95
Price spread: +6.462% → 0.000%: $646.17
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $645.1
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.69 bp	9.1 bp −$9	14.9 bp −$149	28.8 bp −$2,878	doesn't fit

Injective: 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	+6.668%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.78	+6.440%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0106%	1h	145.97	+6.579%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.01	+6.608%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.91	+6.534%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.88	+6.513%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.87	+6.506%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.93	+6.551%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0021%	8h	146.05	+6.637%	$66.2M	$185.5M	75x	as long as short
MEXC AAVE_USDT	+0.0022%	8h	145.97	+6.579%	$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 PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	145.77	+6.435%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	145.95	+6.564%	$18K	$10K	10x	as long as short
Gate AAVE_USDT	+0.0056%	8h	145.98	+6.586%	$7.9M	$15.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.08	+6.659%	$17.9M	$66.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0067%	1h	146.03	+6.622%	$136K	$230K	50x	as long as short
Bybit AAVEUSDT	+0.0069%	8h	146.07	+6.652%	$62.5M	$65.4M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0069%	8h	145.92	+6.542%	$462K	$3.9M	10x	as long as short
BloFin AAVE-USDTshort	+0.0085%	8h	145.81	+6.462%	$3.5M	$4.0M	100x
Aevo AAVE-PERP	+0.0088%	1h	145.97	+6.582%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	+6.717%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.85	+6.494%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.79	+6.447%	$797K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.08	+6.659%	$79.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.06	+6.644%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.86	+6.498%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	+6.476%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	+6.396%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.97	+6.579%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.05	+6.637%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.94	+6.557%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.07	+6.652%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.87	+6.507%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.87	+6.507%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	+6.506%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.81	+6.458%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.13	+6.694%	$710K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.95	+6.564%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.06	+6.645%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.86	+6.495%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	145.92	+6.543%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.14	+6.703%	$786K	$3.1M	50x	as long as short