Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: edgeX against Bulk+0.351%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.351% dearer against Bulk than usual: you sell high and buy low, +$35 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	143.91	0.0100	pay 0.0013% / 1h	17m 16s	$58K	$2K	10x
Short	edgeX AAVEUSDC	144.42	0.0100	get 0.0050% / 4h	1h 17m	$104K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bulk. 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 BulkbpFee edgeXbpOrdersPrice spread, now +0.351%Rate

Funding earned: $0
Price spread: +0.351% → 0.000%: $35.06
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $19.06
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; edgeX: live order book, 46 min ago. 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 Bulk no order-book sample	—	—	—	—	—
Sell edgeX live order book, 46 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit

Bulk: 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 AAVEUSD	−0.0048%	1h	144.37	+0.318%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.32	+0.284%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.30	+0.269%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.37	+0.318%	$229K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	+0.354%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.831%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.35	+0.307%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.39	+0.332%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0049%	1h	144.37	+0.314%	$834K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.46	+0.380%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.57	+0.454%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.37	+0.316%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.52	+0.422%	$78.2M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.43	+0.359%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.40	+0.340%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.36	+0.311%	$64.6M	$182.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.39	+0.332%	$61.6M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.38	+0.325%	$17.2M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.40	+0.338%	$45K	$179K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	143.91	long leg	$58K	$2K	10x
Gate AAVE_USDT	+0.0100%	8h	144.42	+0.352%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.39	+0.332%	$26.1M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.42	+0.352%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.39	+0.332%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.37	+0.318%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	+0.345%	$322K	$693K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	+0.351%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.42	+0.351%	$104K	$279K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.379%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.366%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.42	+0.352%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.37	+0.318%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.36	+0.311%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.50	+0.407%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.35	+0.304%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.33	+0.288%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.40	+0.340%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.43	+0.356%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.35	+0.304%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.43	+0.356%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.46	+0.378%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	+0.040%	$783K	$2.8M	50x	as long as short