Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.047%

Price spread now: OKX against Pacifica+0.018%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.018%, 7d avg −0.034%

Together, before fees−0.173%+ Points / potential airdropPacifica: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.052% dearer against Pacifica than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.034%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	144.58	0.0100	pay 0.0013% / 1h	27m 46s	$330K	$505K	10x
Short	OKX AAVE-USDT-SWAP	144.61	0.0051	get 0.0051% / 8h	1h 27m	$17.5M	$66.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Pacifica. 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 PacificabpFee OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$10.21
Price spread: +0.018% → −0.034%: $5.15
Slippage, 4 orders: −$13.74
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.8
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Pacifica: live order book, 56 min ago; OKX: live order book, 1 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 Pacifica live order book, 56 min ago	3.46 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.34 bp	7.6 bp −$8	15.3 bp −$153	46.4 bp −$4,643	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
01 Exchange AAVEUSD	−0.0160%	1h	144.84	+0.177%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0095%	1h	144.70	+0.080%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0062%	1h	144.61	+0.018%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.37	−0.148%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.64	+0.035%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.68	+0.066%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.81	+0.157%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	144.57	−0.010%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.54	−0.031%	$65.8M	$185.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.273%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.70	+0.081%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.70	+0.077%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.68	+0.066%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0051%	8h	144.61	+0.018%	$17.5M	$66.8M	50x
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.72	+0.096%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.61	+0.018%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.74	+0.110%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.44	−0.100%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.76	+0.120%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.60	+0.011%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.87	+0.198%	$802K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.73	+0.101%	$79.5M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.63	+0.032%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	144.58	long leg	$330K	$505K	10x
Bybit AAVEUSDT	+0.0100%	8h	144.61	+0.018%	$61.4M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.65	+0.045%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.219%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.62	+0.025%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.57	−0.010%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.61	+0.018%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.74	+0.108%	$380K	$712K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.116%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	+0.037%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.64	+0.039%	$134K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.91	+0.225%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.67	+0.062%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.72	+0.097%	$693K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.56	−0.017%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.57	−0.011%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.71	+0.087%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.80	+0.150%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.84	+0.177%	$784K	$3.0M	50x	as long as short