Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0191%/8h= +21.0% APRpaid last 24h −0.093%

Price spread now: OKX against 01 Exchange−0.007%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on OKX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	145.15	−0.0136	get 0.0017% / 1h	15m 09s	$11K	$2K	5x
Short	OKX AAVE-USDT-SWAP	145.14	0.0055	get 0.0055% / 8h	1h 15m	$17.5M	$66.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $40.2
Price spread: −0.007% → 0.000%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $22.51
Costs to cover: 0.170%
Break-even: 3.1 days

Slippage unknown: 01 Exchange: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.34 bp	7.7 bp −$8	12.9 bp −$129	83.8 bp −$8,381	doesn't fit

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
01 Exchange AAVEUSDlong	−0.0136%	1h	145.15	long leg	$11K	$2K	5x
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.12	−0.021%	$255K	$465K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.16	+0.007%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0038%	1h	145.15	0.000%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.11	−0.031%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.21	+0.041%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.18	+0.021%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.642%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.15	0.000%	$30.9M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0036%	8h	145.15	0.000%	$66.1M	$185.3M	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	145.11	−0.031%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.19	+0.025%	$181K	$243K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.11	−0.028%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.32	+0.118%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0055%	8h	145.14	−0.007%	$17.5M	$66.7M	50x
Gate AAVE_USDT	+0.0064%	8h	145.16	+0.007%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.15	0.000%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.37	+0.150%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.01	−0.093%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.11	−0.030%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.11	−0.028%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.28	+0.090%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.24	+0.059%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.14	−0.007%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.14	−0.007%	$61.7M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.15	0.000%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.052%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.20	+0.034%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.18	+0.021%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.17	+0.014%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	+0.076%	$347K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.10	−0.037%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.96	−0.130%	$104K	$317K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.94	−0.145%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.19	+0.028%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.07	−0.053%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.44	+0.198%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.14	−0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.09	−0.045%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0145%	8h	145.12	−0.021%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.18	+0.019%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.062%	$787K	$3.0M	50x	as long as short