Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%

Price spread now: edgeX against Bybit+0.012%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now +0.012%, 7d avg +0.010%

Together, before fees+0.239%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	145.61	0.0100	pay 0.0100% / 8h	7m 26s	$62.1M	$66.0M	75x
Short	edgeX AAVEUSDC	145.63	0.0100	get 0.0050% / 4h	7m 26s	$105K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.010%: $0.18
Slippage, 4 orders: −$13.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.72
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 6 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 Bybit live order book, 2 min ago	0.34 bp	8.7 bp −$9	17.2 bp −$172	77.1 bp −$7,706	doesn't fit
Sell edgeX live order book, 6 min ago	3.76 bp	8.4 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
SoDEX AAVE-USD	−0.0121%	1h	145.77	+0.110%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	145.55	−0.041%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.87	+0.179%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	145.85	+0.165%	$255K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.64	+0.024%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.73	+0.082%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.92	+0.215%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.68	+0.050%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0030%	8h	145.60	−0.007%	$29.7M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0030%	8h	145.62	+0.007%	$66.4M	$187.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.941%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.55	−0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.59	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	145.61	0.000%	$17.8M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.60	−0.007%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.81	+0.137%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.80	+0.128%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.60	−0.006%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.56	−0.031%	$801K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.70	+0.065%	$80.3M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.55	−0.039%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.61	−0.003%	$332K	$504K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	145.61	long leg	$62.1M	$66.0M	75x
Arcus AAVE-USD	+0.0100%	1h	145.60	−0.007%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.016%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.56	−0.034%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.57	−0.027%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.62	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.77	+0.110%	$346K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.93	+0.222%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.63	+0.012%	$105K	$317K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.55	−0.043%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.64	+0.021%	$135K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.60	−0.007%	$127K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.81	+0.139%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.97	+0.247%	$690K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.87	+0.179%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.55	−0.040%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.63	+0.011%	$184K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0124%	8h	145.62	+0.007%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.67	+0.042%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.91	+0.206%	$786K	$3.0M	50x	as long as short