Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −26.0% APRnext payment $0.30 per $10,000 · paid last 24h −0.055%
Price spread now: SoDEX against Pacifica−0.007%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.262% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.079%−$8 on $10k
Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.007%, 7d avg −0.027%
Together, before fees+0.098%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SoDEX is 0.020% dearer against Pacifica than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.027%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.079% in total) that is about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica AAVE144.060.0100pay 0.0013% / 1h8m 33s$328K$505K10x
ShortSoDEX AAVE-USD144.05−0.0137pay 0.0017% / 1h8m 33s$5K$299K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$49.78
Price spread: −0.007% → −0.027%
$2.01
Slippage, 4 orders
−$10.18
Fee Pacifica: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$73.96
Costs to cover
0.262%
Break-even
never at this rate
Slippage from Pacifica: live order book, 15 min ago; SoDEX: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 15 min ago3.46 bp8.7 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell SoDEX live order book, 15 min ago0.35 bp5.1 bp −$510.0 bp −$10096.4 bp −$9,638doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0305%1h144.08+0.014%$253K$494K50xas long as short
SoDEX AAVE-USDshort−0.0137%1h144.05−0.007%$5K$299K10x
01 Exchange AAVEUSD−0.0104%1h144.07+0.007%$11K$2K5xas long as short
Phoenix AAVE−0.0044%1h144.10+0.028%$5K$101K10xas long as short
dYdX AAVE-USD0.0000%1h144.12+0.044%$103K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h144.21+0.104%$71K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.12+0.039%$70K150xas long as short
Kraken Futures PF_AAVEUSD+0.0012%1h144.20+0.095%$3.4M$2.1M50xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.928%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h144.06−0.001%20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0048%8h144.00−0.041%$65.6M$184.8M75xas long as short
MEXC AAVE_USDT+0.0049%8h144.01−0.034%$31.2M$26.4M200xas long as short
Orderly PERP_AAVE_USDC+0.0050%8h144.07+0.007%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0053%8h144.01−0.034%$17.4M$66.0M50xas long as short
ApeX Omni AAVEUSDT+0.0058%1h144.02−0.027%$134K$230K50xas long as short
Gate AAVE_USDT+0.0061%8h144.02−0.027%$7.8M$15.9M75xas long as short
Bulk AAVE-USD+0.0073%1h143.97−0.059%$60K$3K10xas long as short
GRVT AAVE_USDT_Perp+0.0090%8h144.02−0.027%$450K$3.9M10xas long as short
Lighter AAVE+0.0096%1h144.25+0.133%$4.6M$1.6M10xas long as short
Aevo AAVE-PERP+0.0096%1h144.10+0.025%$122K$14610xas long as short
RISEx AAVE/USDC+0.0097%1h144.08+0.012%$179K$245K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.01−0.032%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h144.05−0.003%$799K$436K10xas long as short
Hyperliquid AAVE+0.0100%1h144.18+0.084%$80.1M$32.9M10xas long as short
Aster AAVEUSDT+0.0100%8h144.07+0.005%$1.3M$1.2M50xas long as short
Pacifica AAVElong+0.0100%1h144.06long leg$328K$505K10x
Bybit AAVEUSDT+0.0100%8h144.05−0.007%$61.3M$65.5M75xas long as short
Arcus AAVE-USD+0.0100%1h144.04−0.014%$50K$273K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.11+0.035%$10.2M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h144.060.000%$30.0M$18.2M75xas long as short
BingX AAVE-USDT+0.0100%8h144.02−0.027%$43.9Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.16+0.070%$380K$707K10xas long as short
Variational Omni AAVE+0.0100%8h144.01−0.033%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.99−0.046%$101K$313K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h144.17+0.077%$126K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h144.05−0.009%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h144.28+0.151%$717K$4.9M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.10+0.028%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h144.00−0.038%$924K$1.8M50xas long as short
BloFin AAVE-USDT+0.0169%8h144.04−0.014%$3.5M$5.3M100xas long as short
Coinbase International AAVE-PERP-INTX+0.0248%1h144.51+0.313%$777K$3.0M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0266% / S −0.0438%1h144.11+0.035%$124K100xas long as short