Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: edgeX against Binance−0.212%50s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$300.302% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.212%, 7d avg −0.018%

Together, before fees+0.371%+ Points / potential airdropedgeX: Active · farm board+$37 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 0.195% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 50 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	Binance AAVEUSDT	141.86	0.0100	pay 0.0100% / 8h	52m 42s	$63.5M	$189.4M	75x
Short	edgeX AAVEUSDC	141.55	0.0100	get 0.0050% / 4h	52m 42s	$107K	$281K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → −0.018%: −$19.49
Slippage, 4 orders: −$11.19
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.68
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; edgeX: live order book, 50 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 Binance live order book, 6 min ago	0.35 bp	7.8 bp −$8	12.9 bp −$129	35.3 bp −$3,532	doesn't fit
Sell edgeX live order book, 50 min ago	3.51 bp	8.1 bp −$8	11.7 bp −$117	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
dYdX AAVE-USD	0.0000%	1h	141.85	−0.006%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.79	−0.046%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.75	−0.074%	$215K	$388K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.78	−0.056%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.451%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.66	−0.138%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0072%	1h	141.74	−0.081%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0081%	8h	141.71	−0.103%	$18K	$7K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.09	+0.165%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.77	−0.061%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	142.04	+0.130%	$77.6M	$36.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.95	+0.066%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.90	+0.031%	$324K	$384K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	141.86	long leg	$63.5M	$189.4M	75x
Bybit AAVEUSDT	+0.0100%	8h	141.78	−0.053%	$61.1M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.79	−0.046%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.94	+0.060%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	−0.064%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.93	+0.053%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.82	−0.025%	$24.0M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.88	+0.017%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.87	+0.010%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.82	−0.025%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.34	−0.364%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.55	−0.212%	$107K	$281K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.64	−0.154%	$442K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.62	−0.166%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.84	−0.011%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.78	−0.050%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.75	−0.074%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.94	+0.061%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.83	−0.018%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.83	−0.019%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.84	−0.011%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.76	−0.065%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.74	−0.081%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.81	−0.032%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.91	+0.042%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.76	−0.069%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.51	−0.244%	$750K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.85	−0.004%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0290%	1h	141.95	+0.067%	$389K	$728K	10x	as long as short