Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0214%/8h= −23.5% APRpaid last 24h +0.050%

Price spread now: 01 Exchange against OKX−0.007%7-day average — · you buy dearer than you sell

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

Long on OKX Short on 01 Exchange

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: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	146.35	0.0062	pay 0.0062% / 8h	7h 27m	$18.0M	$66.6M	50x
Short	01 Exchange AAVEUSD	146.34	−0.0152	pay 0.0019% / 1h	27m 26s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$45.03
Price spread: −0.007% → 0.000%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$62.71
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; 01 Exchange: no order-book sample. 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 OKX live order book, 1 min ago	0.34 bp	7.2 bp −$7	13.5 bp −$135	93.0 bp −$9,303	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phemex AAVEUSDT	−0.0202%	8h	146.37	+0.014%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.51	+0.109%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSDshort	−0.0152%	1h	146.34	−0.007%	$11K	$2K	5x
SoDEX AAVE-USD	−0.0105%	1h	146.42	+0.048%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.49	+0.093%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.31	−0.027%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.31	−0.027%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.46	+0.075%	$255K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.43	+0.056%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0014%	8h	146.32	−0.020%	$7.9M	$15.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0019%	8h	146.36	+0.007%	$29.1M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0020%	8h	146.35	0.000%	$66.3M	$183.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.416%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.33	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	146.43	+0.055%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0062%	8h	146.35	long leg	$18.0M	$66.6M	50x
ApeX Omni AAVEUSDT	+0.0071%	1h	146.16	−0.130%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0077%	8h	146.14	−0.143%	$3.5M	$3.5M	100x	as long as short
Bybit AAVEUSDT	+0.0080%	8h	146.35	0.000%	$62.7M	$65.0M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0087%	8h	146.23	−0.085%	$460K	$3.8M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.46	+0.075%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.50	+0.106%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.30	−0.036%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.32	−0.017%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.45	+0.068%	$79.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.42	+0.047%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.33	−0.014%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.33	−0.014%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	+0.004%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.32	−0.020%	$10.2M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.33	−0.014%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.29	−0.041%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.50	+0.102%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.16	−0.128%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.16	−0.131%	$105K	$316K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.42	+0.048%	$127K	$426K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.34	−0.004%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.54	+0.133%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.26	−0.062%	$937K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.36	+0.010%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.42	+0.048%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.048%	$786K	$2.9M	50x	as long as short