Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.004%

Price spread now: Gate against 01 Exchange+0.070%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.070% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	143.87	0.0120	pay 0.0015% / 1h	54m 51s	$11K	$2K	5x
Short	Gate AAVE_USDT	143.97	0.0100	get 0.0100% / 8h	3h 54m	$8.2M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against 01 Exchange. 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 01 ExchangebpFee GatebpOrdersPrice spread, now +0.070%Rate

Funding earned: −$4.2
Price spread: +0.070% → 0.000%: $6.95
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	1.39 bp	14.2 bp −$14	30.3 bp −$303	43.6 bp −$4,361	49.2 bp −$24.6K

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX AAVE-USD	0.0000%	1h	143.66	−0.149%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.85	−0.014%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.94	+0.049%	$221K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	+0.065%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.803%	$422	$51K	12x	as long as short
Phemex AAVEUSDT	+0.0039%	8h	143.92	+0.035%	$4.0M	$3.7M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.95	+0.056%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.71	−0.111%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.85	−0.010%	$846K	$404K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.11	+0.168%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.59	−0.196%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.15	+0.194%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.70	−0.118%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.97	+0.070%	$64.4M	$187.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.96	+0.063%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.95	+0.056%	$17.2M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.90	+0.021%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.931%	$58K	$2K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	143.97	+0.070%	$8.2M	$15.9M	75x
MEXC AAVE_USDT	+0.0100%	8h	143.94	+0.049%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.06	+0.132%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.89	+0.014%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.94	+0.049%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.341%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.58	−0.202%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.231%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.60	−0.188%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.91	+0.028%	$125K	$439K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.97	+0.067%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.99	+0.083%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.93	+0.044%	$692K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.87	0.000%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.94	+0.047%	$122K	$146	10x	as long as short
01 Exchange AAVEUSDlong	+0.0120%	1h	143.87	long leg	$11K	$2K	5x
RISEx AAVE/USDC	+0.0132%	1h	143.85	−0.017%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0154%	1h	144.22	+0.243%	$339K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.95	+0.056%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	144.09	+0.154%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.94	+0.045%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.82	−0.035%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0423%	1h	144.16	+0.202%	$79.3M	$36.7M	10x	as long as short