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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.032%
Price spread now: 01 Exchange against Phemex−0.007%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex AAVEUSDT141.950.0100pay 0.0100% / 8h1h 01m$3.9M$3.6M50x
Short01 Exchange AAVEUSD141.940.0112get 0.0014% / 1h1m 31s$10K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. 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
$2.52
Price spread: −0.007% → 0.000%
−$0.7
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$17.18
Costs to cover
0.190%
Break-even
54.7 days
Slippage unknown: Phemex: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago2.46 bp16.8 bp −$1725.4 bp −$254doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h141.90−0.038%$101K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h142.01+0.042%$51K$1.4M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h142.02+0.049%$215K$398K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h142.05+0.072%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.515%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.98+0.019%20xas long as short
Nado AAVE-PERP+0.0070%1h141.90−0.035%$826K$396K10xas long as short
Orderly PERP_AAVE_USDC+0.0080%8h142.02+0.049%$18K$7K10xas long as short
Phoenix AAVE+0.0089%1h142.50+0.387%$4K$108K10xas long as short
Lighter AAVE+0.0096%1h142.09+0.098%$4.5M$2.5M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex AAVE-USD-PERP+0.0100%8h141.90−0.037%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h141.95+0.001%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.94−0.004%$324K$384K10xas long as short
Binance AAVEUSDT+0.0100%8h141.91−0.031%$63.8M$188.7M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.88−0.049%$61.3M$67.4M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.88−0.049%$16.9M$63.9M50xas long as short
Arcus AAVE-USD+0.0100%1h142.00+0.035%$63K$197K10xas long as short
Bulk AAVE-USD+0.0100%1h142.35+0.282%$161K$103K10xas long as short
Gate AAVE_USDT+0.0100%8h141.92−0.021%$8.0M$16.0M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.93−0.014%$24.3M$24.2M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.950.000%$10.2M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.89−0.042%$29.0M$17.9M75xas long as short
BingX AAVE-USDC+0.0100%8h141.91−0.028%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h142.26+0.218%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h141.99+0.029%$107K$284K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h142.03+0.056%$443K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h142.08+0.092%$132K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.07+0.085%$141K$470K10xas long as short
SunX AAVE-USDT+0.0100%8h142.00+0.038%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.92−0.021%$5K$285K10xas long as short
HTX AAVE-USDT+0.0100%8h142.49+0.377%$674K$5.3M75xas long as short
Phemex AAVEUSDTlong+0.0100%8h141.95long leg$3.9M$3.6M50x
Extended AAVE-USD+0.0104%1h141.85−0.074%$905K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h142.05+0.074%$120K$14610xas long as short
01 Exchange AAVEUSDshort+0.0112%1h141.94−0.007%$10K$2K5x
Hyperliquid AAVE+0.0156%1h142.08+0.092%$77.7M$36.9M10xas long as short
Backpack AAVE_USDC_PERP+0.0167%1h142.02+0.049%$390K$727K10xas long as short
BloFin AAVE-USDT+0.0220%8h142.03+0.056%$3.3M$3.6M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h142.05+0.071%$111K100xas long as short
RISEx AAVE/USDC+0.0256%1h142.08+0.095%$188K$270K10xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h142.29+0.240%$755K$2.8M50xas long as short
Kraken Futures PF_AAVEUSD+0.0317%1h142.03+0.056%$3.4M$2.1M50xas long as short