Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.053%

Price spread now: Aster against SoDEX+0.061%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.061%, 7d avg +0.028%

Together, before fees−0.121%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.032% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	146.14	−0.0065	get 0.0008% / 1h	26m 45s	$5K	$305K	10x
Short	Aster AAVEUSDT	146.23	0.0100	get 0.0100% / 8h	26m 45s	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: $34.71
Price spread: +0.061% → +0.028%: $3.23
Slippage, 4 orders: −$15.48
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $6.45
Costs to cover: 0.315%
Break-even: 5.7 days

Slippage from SoDEX: live order book, 52 min ago; Aster: 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 SoDEX live order book, 52 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell Aster live order book, 1 min ago	3.76 bp	12.3 bp −$12	24.3 bp −$243	doesn't fit	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
SoDEX AAVE-USDlong	−0.0065%	1h	146.14	long leg	$5K	$305K	10x
Phoenix AAVE	−0.0027%	1h	146.18	+0.027%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.04	−0.068%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.13	−0.005%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	+0.014%	$85K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.18	+0.027%	$255K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.23	+0.060%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.16	+0.016%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.282%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	146.25	+0.075%	$30.2M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	146.24	+0.065%	$66.6M	$186.0M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.069%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.14	0.000%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	146.16	+0.014%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.22	+0.055%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.16	+0.017%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.36	+0.150%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.02	−0.083%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.03	−0.072%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.34	+0.137%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	146.23	+0.061%	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.06	−0.056%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.21	+0.048%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.04	−0.068%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.048%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.24	+0.068%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.16	+0.014%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.18	+0.027%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.32	+0.123%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.17	+0.019%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.08	−0.042%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.016%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	−0.048%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.12	−0.014%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.00	−0.094%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.37	+0.156%	$692K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.18	+0.027%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.20	+0.044%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.06	−0.054%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.06	−0.055%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.16	+0.013%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.130%	$788K	$3.0M	50x	as long as short