Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Arcus−0.354%54s7-day average −0.020% · you buy dearer than you sell

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−$320.324% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.706%+$71 · spread now −0.354%, 7d avg −0.020%

Together, before fees+0.707%+ Points / potential airdropedgeX: Active · farm board+$71 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 0.335% cheaper against Arcus than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 54 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	Arcus AAVE-USD	144.42	0.0100	pay 0.0013% / 1h	30m 00s	$45K	$181K	10x
Short	edgeX AAVEUSDC	143.91	0.0100	get 0.0050% / 4h	2h 30m	$104K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now −0.354%Rate

Funding earned: $0
Price spread: −0.354% → −0.020%: −$33.46
Slippage, 4 orders: −$18.86
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$65.82
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Arcus: live order book, 38 min ago; edgeX: live order book, 38 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 Arcus live order book, 38 min ago	2.39 bp	10.4 bp −$10	25.1 bp −$251	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	3.42 bp	8.0 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit

AAVE on 41 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	−0.0056%	1h	144.40	−0.014%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.61	+0.129%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	−0.126%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.180%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.51	+0.062%	$251K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.45	+0.023%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.284%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.165%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	+0.055%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.39	−0.019%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0052%	8h	144.56	+0.097%	$27.0M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0053%	8h	144.57	+0.101%	$65.1M	$184.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	144.53	+0.076%	$17.4M	$65.6M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.44	+0.013%	$187K	$230K	10x	as long as short
Gate AAVE_USDT	+0.0091%	8h	144.53	+0.076%	$7.8M	$15.2M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.69	+0.190%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.50	+0.055%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.20	−0.150%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.35	−0.048%	$803K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.66	+0.166%	$78.4M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.49	+0.050%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.27	−0.104%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.54	+0.083%	$61.9M	$64.9M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.42	long leg	$45K	$181K	10x
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.639%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.58	+0.111%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.51	+0.062%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.54	+0.083%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.66	+0.166%	$325K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.192%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.91	−0.354%	$104K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	−0.378%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	−0.305%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.46	+0.028%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.50	+0.053%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.50	+0.055%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.86	+0.307%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.44	+0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.49	+0.049%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0237% / S −0.0361%	1h	144.45	+0.022%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.51	+0.062%	$774K	$2.8M	50x	as long as short