Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.023%

Price spread now: Orderly against Pacifica−0.178%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.178% cheaper against Pacifica than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	145.57	0.0100	pay 0.0013% / 1h	58m 02s	$332K	$504K	10x
Short	Orderly PERP_AAVE_USDC	145.31	0.0052	get 0.0052% / 8h	7h 58m	$18K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.178%Rate

Funding earned: −$10.16
Price spread: −0.178% → 0.000%: −$17.85
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$42.01
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 16 min ago; Orderly: 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 Pacifica live order book, 16 min ago	2.39 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 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	−0.0185%	1h	145.42	−0.102%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	145.64	+0.048%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.80	+0.158%	$5K	$98K	10x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	145.30	−0.185%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.51	−0.042%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.50	−0.048%	$77K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.39	−0.124%	$254K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.72	+0.100%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.40	−0.117%	$29.4M	$25.5M	200x	as long as short
Binance AAVEUSDT	+0.0027%	8h	145.45	−0.082%	$66.0M	$188.2M	75x	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 PERP	+0.0033%	1h	136.96	−5.915%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.60	+0.024%	—	—	20x	as long as short
Orderly PERP_AAVE_USDCshort	+0.0052%	8h	145.31	−0.178%	$18K	$12K	10x
OKX AAVE-USDT-SWAP	+0.0066%	8h	145.44	−0.089%	$17.8M	$67.4M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.38	−0.134%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.58	+0.006%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.56	−0.010%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.57	+0.004%	$800K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.50	−0.048%	$79.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.51	−0.041%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	145.57	long leg	$332K	$504K	10x
Bybit AAVEUSDT	+0.0100%	8h	145.43	−0.096%	$62.1M	$66.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.64	+0.048%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	−0.031%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.38	−0.130%	$7.8M	$15.1M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.28	−0.199%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.44	−0.089%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.43	−0.096%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.52	−0.034%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.88	+0.210%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.86	+0.201%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.91	+0.234%	$467K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.87	+0.206%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.67	+0.069%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.30	−0.188%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.109%	$689K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.27	−0.204%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.66	+0.060%	$184K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0109%	8h	145.72	+0.103%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.71	+0.097%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.53	−0.027%	$778K	$3.1M	50x	as long as short
Phemex AAVEUSDT	+0.0506%	8h	145.51	−0.041%	$4.1M	$3.8M	50x	as long as short