data as of
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Price arb /

AAVE

all AAVE markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.077%
7d average—if it closes, per $10,000$8funding while held, a day+$1.49
Long on OrderlyShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_AAVE_USDC145.060.0046pay 0.0046% / 8h1h 47m$18K$18K10x
ShortLighter AAVE145.170.0096get 0.0012% / 1h47m 35s$4.7M$1.6M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.65
Funding while held
$1.49
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Net
$3.14
Spread needed to break even
0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0050%
Per $10,000 a day
+$1.49
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Lighter live order book, 7 min ago1.48 bp6.3 bp −$618.7 bp −$18751.3 bp −$5,130doesn't fit
Orderly: 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 price on every exchange

against the cheapest. Click to use as the short leg.
Injective136.96cheapest
Deribit142.22+3.841%edgeX144.20+5.284%ApeX Omni144.24+5.315%Variational Omni144.28+5.343%Phoenix144.36+5.403%Coinbase International144.36+5.403%Extended144.75+5.691%Bitget144.81+5.732%Paradex144.83+5.749%OKX144.85+5.761%BingX144.87+5.775%RISEx144.88+5.781%Arcus144.89+5.790%Kalshi144.89+5.790%BloFin144.90+5.797%Gate144.91+5.805%Bybit144.92+5.812%Binance144.92+5.814%MEXC144.93+5.819%dYdX144.94+5.828%Pacifica144.96+5.844%Reya145.00+5.872%Aster145.00+5.874%KuCoin145.01+5.878%Nado145.02+5.889%
Orderly145.06+5.914%
SoDEX145.06+5.914%SunX145.09+5.932%Aevo145.09+5.934%gTrade (Gains Network)145.11+5.954%Hyperliquid145.12+5.958%Polymarket Perps145.12+5.958%Phemex145.12+5.958%GMX145.12+5.960%Backpack145.13+5.965%HTX145.14+5.972%
Lighter145.17+5.995%
Kraken Futures145.19+6.007%Bulk146.08+6.658%

AAVE on 40 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective AAVE/USDC PERP−5.584%+0.0033%1h$422$197K12xas long as short
Deribit AAVE_USDC-PERPETUAL−1.958%−1.9733%1h$221K$301K50xas long as short
edgeX AAVEUSDC−0.595%+0.0100%4h$98K$308K20xas long as short
ApeX Omni AAVEUSDT−0.565%−0.0405%1h$134K$242K50xas long as short
Variational Omni AAVE−0.539%+0.0018%8h$3.8M$1.3M—as long as short
Phoenix AAVE−0.483%+0.0082%1h$4K$74K10xas long as short
Coinbase International AAVE-PERP-INTX−0.483%+0.0384%1h$793K$3.2M50xas long as short
Extended AAVE-USD−0.211%+0.0104%1h$912K$1.3M50xas long as short
Bitget AAVEUSDT−0.172%+0.0100%8h$29.6M$15.7M75xas long as short
Paradex AAVE-USD-PERP−0.156%+0.0100%8h$14K$3K20xas long as short
Show all 40 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX AAVE-USDT-SWAP−0.145%−0.0009%8h$18.0M$63.9M50xas long as short
BingX AAVE-USDT−0.131%+0.0100%8h—$41.1M—as long as short
RISEx AAVE/USDC−0.126%+0.0091%1h$191K$244K10xas long as short
Arcus AAVE-USD−0.117%+0.0100%1h$51K$376K10xas long as short
Kalshi KXAAVEPERP−0.117%0.0000%8h$64K$1.3M3.4xas long as short
BloFin AAVE-USDT−0.110%+0.0207%8h$3.8M$5.6M100xas long as short
Gate AAVE_USDT−0.103%+0.0100%8h$7.8M$12.7M75xas long as short
Bybit AAVEUSDT−0.097%+0.0100%8h$60.2M$58.6M75xas long as short
Binance AAVEUSDT−0.095%+0.0087%8h$65.9M$172.5M75xas long as short
MEXC AAVE_USDT−0.090%+0.0087%8h$25.9M$23.0M200xas long as short
dYdX AAVE-USD−0.081%0.0000%1h$105K$5K10xas long as short
Pacifica AAVE−0.066%+0.0100%1h$334K$433K10xas long as short
Reya AAVERUSDPERP−0.040%+0.0044%1h——20xas long as short
Aster AAVEUSDT−0.038%+0.0100%8h$1.4M$1.1M50xas long as short
KuCoin AAVEUSDTM−0.034%+0.0096%8h$10.0M$8.2M75xas long as short
Nado AAVE-PERP−0.024%+0.0100%1h$823K$415K10xas long as short
Orderly PERP_AAVE_USDClong0.000%+0.0046%8h$18K$18K10x
SoDEX AAVE-USD0.000%−0.0111%1h$5K$289K10xas long as short
SunX AAVE-USDT+0.017%+0.0100%8h$2K$1.2M20xas long as short
Aevo AAVE-PERP+0.019%+0.0104%1h$123K$14610xas long as short
gTrade (Gains Network) AAVE/USD+0.037%L +0.0005% / S −0.0004%1h$70K—150xas long as short
Hyperliquid AAVE+0.041%+0.0100%1h$81.6M$23.8M10xas long as short
Polymarket Perps AAVE-USD+0.041%+0.0100%1h$133K$614K10xas long as short
Phemex AAVEUSDT+0.041%+0.0095%8h$4.1M$3.9M50xas long as short
GMX AAVE/USD [AAVE-USDC]+0.043%L +0.0226% / S −0.0381%1h$130K—100xas long as short
Backpack AAVE_USDC_PERP+0.048%+0.0100%1h$310K$500K10xas long as short
HTX AAVE-USDT+0.054%+0.0100%8h$737K$4.4M75xas long as short
Lighter AAVEshort+0.077%+0.0096%1h$4.7M$1.6M10x
Kraken Futures PF_AAVEUSD+0.088%+0.0229%1h$3.5M$2.1M50xas long as short
Bulk AAVE-USD+0.702%+0.0100%1h$59K$20K10xas long as short