Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.011%

Price spread now: edgeX against BloFin−0.162%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.162%, 7d avg −0.013%

Together, before fees−0.119%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.149% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	142.17	0.0220	pay 0.0220% / 8h	2h 21m	$3.3M	$3.5M	100x
Short	edgeX AAVEUSDC	141.94	0.0100	get 0.0050% / 4h	2h 21m	$105K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$25.2
Price spread: −0.162% → −0.013%: −$14.89
Slippage, 4 orders: −$16.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$77.3
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 26 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 BloFin live order book, 2 min ago	0.35 bp	6.4 bp −$6	8.8 bp −$88	23.8 bp −$2,384	doesn't fit
Sell edgeX live order book, 26 min ago	3.49 bp	8.0 bp −$8	12.4 bp −$124	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	−0.3324%	1h	142.18	+0.007%	$216K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.79	+0.438%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.46	+0.204%	$49K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.57	+0.284%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0028%	1h	142.56	+0.274%	$835K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.665%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.52	+0.248%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.62	+0.317%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.81	+0.448%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.87	+0.490%	$78.0M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.84	+0.473%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.85	+0.479%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.90	+0.517%	$64.1M	$191.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.91	+0.521%	$61.3M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.91	+0.521%	$17.1M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.00	+0.584%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	+0.077%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.91	+0.521%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.93	+0.535%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.91	+0.521%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.91	+0.521%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.90	+0.513%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.097%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.94	−0.162%	$105K	$280K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.120%	$454K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	−0.091%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.63	+0.324%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.59	+0.295%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.66	+0.345%	$5K	$314K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.95	+0.546%	$681K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.69	+0.366%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.85	+0.477%	$905K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.51	+0.239%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.67	+0.351%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.113%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0140%	1h	142.84	+0.471%	$339K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.96	+0.557%	$191K	$254K	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	142.17	long leg	$3.3M	$3.5M	100x
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.75	+0.409%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	142.97	+0.561%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.58	+0.291%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.57	+0.281%	$760K	$2.9M	50x	as long as short