Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.031%

Price spread now: Extended against OKX−0.016%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.016%, 7d avg −0.045%

Together, before fees+0.101%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.029% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	142.31	0.0100	pay 0.0100% / 8h	2h 33m	$17.0M	$64.4M	50x
Short	Extended AAVE-USD	142.29	0.0104	get 0.0013% / 1h	33m 27s	$905K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.84
Price spread: −0.016% → −0.045%: $2.9
Slippage, 4 orders: −$12.04
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.29
Costs to cover: 0.270%
Break-even: 201.1 days

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 5 min ago.

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 OKX live order book, 5 min ago	0.35 bp	6.9 bp −$7	14.3 bp −$143	78.3 bp −$7,826	doesn't fit
Sell Extended live order book, 5 min ago	2.81 bp	5.7 bp −$6	18.0 bp −$180	doesn't fit	doesn't fit

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
Deribit AAVE_USDC-PERPETUAL	−0.2629%	1h	142.00	−0.218%	$216K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.30	−0.004%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.48	+0.119%	$55K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.32	+0.010%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0015%	1h	142.25	−0.039%	$828K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.759%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.28	−0.022%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	142.40	+0.063%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0077%	8h	142.39	+0.056%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.39	+0.056%	$10K	$2K	5x	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	142.25	−0.044%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.41	+0.067%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.34	+0.021%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.32	+0.008%	$63.5M	$189.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.31	0.000%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0100%	8h	142.31	long leg	$17.0M	$64.4M	50x
Arcus AAVE-USD	+0.0100%	1h	142.52	+0.148%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	+0.149%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.30	−0.007%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.32	+0.007%	$25.2M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.33	+0.014%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.35	+0.028%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.29	−0.014%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	+0.332%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.11	+0.562%	$106K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	+0.288%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.17	+0.604%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.40	+0.063%	$136K	$462K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.49	+0.128%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.38	+0.049%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.358%	$682K	$5.2M	75x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	142.29	−0.016%	$905K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.41	+0.070%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0113%	1h	142.46	+0.105%	$77.9M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.85	+0.379%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0146%	1h	142.49	+0.126%	$334K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.49	+0.126%	$188K	$252K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.22	+0.639%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.48	+0.120%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.32	+0.005%	$111K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	142.50	+0.133%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.78	+0.330%	$774K	$2.8M	50x	as long as short