Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.023%

Price spread now: Bybit against SoDEX−0.028%7-day average −0.008% · you buy dearer than you sell

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−$260.261% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now −0.028%, 7d avg −0.008%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	145.09	−0.0041	get 0.0005% / 1h	15m 52s	$5K	$298K	10x
Short	Bybit AAVEUSDT	145.05	0.0100	get 0.0100% / 8h	1h 15m	$61.6M	$65.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $29.58
Price spread: −0.028% → −0.008%: −$2
Slippage, 4 orders: −$7.06
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.53
Costs to cover: 0.261%
Break-even: 6.6 days

Slippage from SoDEX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell Bybit live order book, 3 min ago	0.34 bp	8.4 bp −$8	14.0 bp −$140	55.4 bp −$5,537	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
01 Exchange AAVEUSD	−0.0136%	1h	145.23	+0.096%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.16	+0.048%	$5K	$100K	10x	as long as short
SoDEX AAVE-USDlong	−0.0041%	1h	145.09	long leg	$5K	$298K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.18	+0.062%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.06	−0.024%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.16	+0.048%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.24	+0.105%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.603%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.09	0.000%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0036%	8h	145.11	+0.014%	$66.1M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.16	+0.046%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.27	+0.121%	$181K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.17	+0.055%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.20	+0.077%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.04	−0.034%	$17.5M	$66.7M	50x	as long as short
Gate AAVE_USDT	+0.0064%	8h	145.08	−0.007%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.20	+0.079%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.26	+0.121%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0098%	8h	145.13	+0.026%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.13	+0.027%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.18	+0.059%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.18	+0.062%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.11	+0.013%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.18	+0.062%	$331K	$504K	10x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	145.05	−0.028%	$61.6M	$65.8M	75x
Arcus AAVE-USD	+0.0100%	1h	145.23	+0.096%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.011%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.07	−0.014%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.06	−0.021%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.05	−0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.18	+0.062%	$347K	$726K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.06	−0.023%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.08	−0.006%	$104K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.08	−0.007%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.26	+0.117%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.08	−0.004%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	+0.130%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.10	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.03	−0.044%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0145%	8h	144.99	−0.069%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.25	+0.107%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.021%	$787K	$3.0M	50x	as long as short