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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0140%/8h= +15.4% APRnext payment +$0.18 per $10,000 · paid last 24h +0.056%
Price spread now: Bulk against SoDEX−0.025%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bulk is 0.025% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX AAVE-USD145.11−0.0040get 0.0005% / 1h13m 52s$5K$298K10x
ShortBulk AAVE-USD145.070.0100get 0.0013% / 1h13m 52s$61K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$29.47
Price spread: −0.025% → 0.000%
−$2.48
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$11.99
Costs to cover
0.150%
Break-even
4.2 days
Slippage unknown: SoDEX: live order book, 5 min ago; Bulk: 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 SoDEX live order book, 5 min ago0.34 bp5.0 bp −$59.3 bp −$9394.0 bp −$9,397doesn't fit
Sell Bulk no order-book sample
Bulk: 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
01 Exchange AAVEUSD−0.0136%1h145.12+0.007%$11K$2K5xas long as short
Phoenix AAVE−0.0045%1h145.16+0.034%$5K$100K10xas long as short
SoDEX AAVE-USDlong−0.0040%1h145.11long leg$5K$298K10x
Deribit AAVE_USDC-PERPETUAL−0.0026%1h145.15+0.028%$255K$465K50xas long as short
dYdX AAVE-USD0.0000%1h145.24+0.087%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.07−0.028%$66K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.18+0.045%$70K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.616%$422$51K12xas long as short
MEXC AAVE_USDT+0.0036%8h145.07−0.028%$30.8M$25.9M200xas long as short
Binance AAVEUSDT+0.0036%8h145.07−0.025%$66.1M$185.3M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya AAVERUSDPERP+0.0044%1h145.11−0.003%20xas long as short
RISEx AAVE/USDC+0.0046%1h145.13+0.013%$181K$244K10xas long as short
Orderly PERP_AAVE_USDC+0.0051%8h145.110.000%$18K$12K10xas long as short
Kraken Futures PF_AAVEUSD+0.0054%1h145.26+0.100%$3.5M$2.1M50xas long as short
OKX AAVE-USDT-SWAP+0.0056%8h145.07−0.028%$17.6M$66.9M50xas long as short
Gate AAVE_USDT+0.0063%8h145.08−0.021%$7.8M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.15+0.025%$123K$14610xas long as short
Lighter AAVE+0.0096%1h145.33+0.154%$4.7M$1.6M10xas long as short
GRVT AAVE_USDT_Perp+0.0097%8h145.01−0.066%$458K$3.8M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.06−0.032%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.09−0.014%$803K$437K10xas long as short
Hyperliquid AAVE+0.0100%1h145.21+0.069%$79.8M$33.8M10xas long as short
Aster AAVEUSDT+0.0100%8h145.12+0.007%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.13+0.017%$331K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.07−0.028%$61.7M$65.8M75xas long as short
Arcus AAVE-USD+0.0100%1h145.08−0.021%$50K$273K10xas long as short
Bulk AAVE-USDshort+0.0100%1h145.07−0.025%$61K$3K10x
KuCoin AAVEUSDTM+0.0100%8h145.08−0.021%$9.9M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.09−0.014%$30.3M$18.3M75xas long as short
BingX AAVE-USDT+0.0100%8h145.09−0.014%$44.0Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.22+0.076%$347K$725K10xas long as short
Variational Omni AAVE+0.0100%8h145.10−0.009%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h144.96−0.102%$104K$317K20xas long as short
ApeX Omni AAVEUSDT+0.0100%1h144.94−0.117%$135K$228K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.21+0.069%$127K$467K10xas long as short
SunX AAVE-USDT+0.0100%8h145.09−0.012%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.49+0.263%$696K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.10−0.007%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.05−0.045%$931K$1.7M50xas long as short
BloFin AAVE-USDT+0.0145%8h145.12+0.007%$3.5M$4.0M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h145.17+0.041%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0272%1h145.06−0.034%$787K$3.0M50xas long as short