Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h +0.009%

Price spread now: OKX against SoDEX+0.111%46s7-day average −0.008% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.263% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.303%−$30 · spread now +0.111%, 7d avg −0.008%

Together, before fees−0.283%−$28 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 OKX is 0.119% dearer against SoDEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	143.85	−0.0106	get 0.0013% / 1h	46m 29s	$5K	$298K	10x
Short	OKX AAVE-USDT-SWAP	144.01	0.0045	get 0.0045% / 8h	1h 46m	$17.3M	$66.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.111%Rate

Funding earned: $31.77
Price spread: +0.111% → −0.008%: $11.94
Slippage, 4 orders: −$8.33
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.38
Costs to cover: 0.263%
Break-even: 3.2 days

Slippage from SoDEX: live order book, 37 min ago; OKX: live order book, 2 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, 37 min ago	0.35 bp	5.0 bp −$5	10.2 bp −$102	94.9 bp −$9,494	doesn't fit
Sell OKX live order book, 2 min ago	0.35 bp	8.6 bp −$9	12.7 bp −$127	63.7 bp −$6,374	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	−0.0192%	1h	143.99	+0.097%	$11K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0106%	1h	143.85	long leg	$5K	$298K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0097%	1h	143.89	+0.028%	$253K	$480K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	143.99	+0.097%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.96	+0.079%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.03	+0.125%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.09	+0.167%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.03	+0.125%	$31.0M	$25.7M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.790%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.04	+0.134%	$65.4M	$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	144.00	+0.107%	—	—	20x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0045%	8h	144.01	+0.111%	$17.3M	$66.1M	50x
RISEx AAVE/USDC	+0.0046%	1h	144.04	+0.132%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.85	0.000%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	143.97	+0.082%	$3.4M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0056%	1h	143.94	+0.063%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0068%	8h	144.05	+0.139%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	143.94	+0.063%	$451K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.89	+0.028%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.15	+0.209%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.02	+0.115%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.95	+0.073%	$797K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.14	+0.202%	$79.1M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.98	+0.093%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.98	+0.089%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.01	+0.111%	$61.2M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.00	+0.104%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.01	+0.111%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.00	+0.104%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.05	+0.139%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.00	+0.104%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.92	+0.051%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.90	+0.038%	$102K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.92	+0.049%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.10	+0.174%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.94	+0.066%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.24	+0.268%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.94	+0.063%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.95	+0.067%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0136%	8h	143.85	0.000%	$3.4M	$4.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.10	+0.173%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.035%	$772K	$3.0M	50x	as long as short