Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.031%

Price spread now: Gate against SoDEX+0.034%7-day average +0.011% · 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−$38as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.034%, 7d avg +0.011%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.023% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	145.79	−0.0061	get 0.0008% / 1h	26m 00s	$5K	$305K	10x
Short	Gate AAVE_USDT	145.84	0.0077	get 0.0077% / 8h	26m 00s	$7.9M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $28.93
Price spread: +0.034% → +0.011%: $2.3
Slippage, 4 orders: −$17.2
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.98
Costs to cover: 0.402%
Break-even: 9.2 days

Slippage from SoDEX: live order book, 53 min ago; Gate: 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, 53 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell Gate live order book, 3 min ago	1.37 bp	14.4 bp −$14	24.0 bp −$240	45.5 bp −$4,553	51.6 bp −$25.8K

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
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.80	+0.007%	$255K	$394K	50x	as long as short
SoDEX AAVE-USDlong	−0.0061%	1h	145.79	long leg	$5K	$305K	10x
Phoenix AAVE	−0.0027%	1h	146.18	+0.268%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.90	+0.075%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.340%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.84	+0.034%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	+0.061%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.87	+0.051%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.057%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.85	+0.041%	$30.0M	$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	145.84	+0.034%	$66.5M	$186.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.81	+0.012%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.77	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	145.81	+0.014%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDTshort	+0.0077%	8h	145.84	+0.034%	$7.9M	$15.9M	75x
Aevo AAVE-PERP	+0.0088%	1h	145.81	+0.017%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.03	+0.167%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.99	+0.138%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.91	+0.079%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.00	+0.144%	$80.5M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.91	+0.080%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.17	+0.259%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.85	+0.041%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.98	+0.130%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.192%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.86	+0.048%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.76	−0.021%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.83	+0.027%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	+0.082%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.191%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.08	+0.197%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.256%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	+0.192%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.91	+0.082%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	−0.005%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.206%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.82	+0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.79	0.000%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.99	+0.135%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.06	+0.185%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.84	+0.036%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	+0.151%	$786K	$3.0M	50x	as long as short