Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: edgeX against Aevo+0.105%72s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1141.138% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now +0.105%, 7d avg −0.024%

Together, before fees−0.265%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.129% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 72 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	Aevo AAVE-PERP	145.03	0.0104	pay 0.0013% / 1h	45m 59s	$122K	$146	10x
Short	edgeX AAVEUSDC	145.18	0.0100	get 0.0050% / 4h	2h 45m	$101K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$0.84
Price spread: +0.105% → −0.024%: $12.93
Slippage, 4 orders: −$88.85
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$101.76
Costs to cover: 1.138%
Break-even: never at this rate

Slippage from Aevo: live order book, 42 min ago; edgeX: live order book, 42 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 Aevo live order book, 42 min ago	32.14 bp	50.1 bp −$50	272.0 bp −$2,720	doesn't fit	doesn't fit
Sell edgeX live order book, 42 min ago	3.72 bp	8.3 bp −$8	11.9 bp −$119	doesn't fit	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
Deribit AAVE_USDC-PERPETUAL	−0.0370%	1h	145.01	−0.012%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0186%	1h	144.95	−0.054%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	+0.036%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	+0.057%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.16	+0.091%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.20	+0.119%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.10	+0.050%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.16	+0.089%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0019%	1h	145.02	−0.005%	$135K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.563%	$422	$51K	12x	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	145.06	+0.019%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.01	−0.012%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	145.01	−0.012%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	144.96	−0.047%	$7.7M	$15.6M	75x	as long as short
Nado AAVE-PERP	+0.0077%	1h	145.08	+0.034%	$805K	$444K	10x	as long as short
Binance AAVEUSDT	+0.0078%	8h	144.96	−0.047%	$65.9M	$181.8M	75x	as long as short
MEXC AAVE_USDT	+0.0079%	8h	144.93	−0.068%	$32.2M	$26.1M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.17	+0.096%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.15	+0.085%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.08	+0.034%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.12	+0.063%	$81.1M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.08	+0.036%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.10	+0.053%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.02	−0.005%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.10	+0.050%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	+0.075%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.94	−0.061%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.00	−0.019%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.96	−0.047%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.05	+0.015%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.98	−0.036%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.18	+0.105%	$101K	$313K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.21	+0.126%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.12	+0.063%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.96	−0.050%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.36	+0.232%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.04	+0.008%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.96	−0.050%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	145.03	long leg	$122K	$146	10x
BloFin AAVE-USDT	+0.0199%	8h	145.12	+0.063%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.284%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.10	+0.053%	$125K	—	100x	as long as short