Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h −0.068%

Price spread now: Orderly against 01 Exchange−0.014%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 Orderly

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	144.55	−0.0152	get 0.0019% / 1h	25m 39s	$11K	$2K	5x
Short	Orderly PERP_AAVE_USDC	144.53	0.0049	get 0.0049% / 8h	1h 25m	$18K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.014%Rate

Funding earned: $42.29
Price spread: −0.014% → 0.000%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $27.9
Costs to cover: 0.130%
Break-even: 2.4 days

Slippage unknown: 01 Exchange: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

01 Exchange and Orderly: 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	−0.0152%	1h	144.55	long leg	$11K	$2K	5x
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.54	−0.007%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0063%	1h	144.51	−0.028%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.37	−0.125%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.61	+0.042%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.53	−0.014%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.60	+0.038%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.59	+0.028%	$30.8M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.251%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.60	+0.031%	$65.8M	$185.6M	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	144.52	−0.023%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.75	+0.135%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDCshort	+0.0049%	8h	144.53	−0.014%	$18K	$12K	10x
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.66	+0.076%	$17.5M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.61	+0.039%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0058%	8h	144.63	+0.055%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.57	+0.014%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.107%	$455K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.80	+0.174%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.57	+0.015%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.54	−0.007%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.78	+0.159%	$79.6M	$34.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.68	+0.088%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.62	+0.048%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.63	+0.055%	$61.4M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	+0.104%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.195%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	+0.028%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.63	+0.055%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.66	+0.076%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.66	+0.076%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.092%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.59	+0.028%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	+0.152%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.61	+0.042%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.49	−0.045%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.67	+0.086%	$693K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	−0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.64	+0.061%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0131%	8h	144.61	+0.042%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.60	+0.036%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.79	+0.166%	$784K	$3.0M	50x	as long as short