Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.034%
Price spread now: edgeX against Coinbase International−0.118%77s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$400.402% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.123%−$12 on $10k
Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.118%, 7d avg −0.081%
Together, before fees−0.100%+ Points / potential airdropedgeX: Active · farm board−$10 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 0.037% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.081%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX145.440.0248pay 0.0031% / 1h47m 42s$782K$3.0M50x
ShortedgeX AAVEUSDC145.270.0100get 0.0050% / 4h2h 47m$100K$312K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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

Funding earned
−$31.08
Price spread: −0.118% → −0.081%
−$3.71
Slippage, 4 orders
−$21.2
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$74.99
Costs to cover
0.402%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 1 min ago; edgeX: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago4.47 bp14.2 bp −$1423.0 bp −$230doesn't fitdoesn't fit
Sell edgeX live order book, 40 min ago3.72 bp8.3 bp −$811.9 bp −$119doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0369%1h145.25−0.131%$250K$483K50xas long as short
SoDEX AAVE-USD−0.0158%1h145.25−0.131%$5K$311K10xas long as short
01 Exchange AAVEUSD−0.0136%1h145.18−0.179%$11K$2K5xas long as short
Phoenix AAVE−0.0044%1h145.11−0.227%$4K$101K10xas long as short
dYdX AAVE-USD0.0000%1h145.29−0.101%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.28−0.110%$74K$1.6M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.32−0.083%$70K150xas long as short
Kraken Futures PF_AAVEUSD+0.0012%1h145.43−0.006%$3.5M$2.0M50xas long as short
ApeX Omni AAVEUSDT+0.0019%1h145.02−0.289%$135K$229K50xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.831%$422$51K12xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya AAVERUSDPERP+0.0044%1h145.24−0.136%20xas long as short
OKX AAVE-USDT-SWAP+0.0049%8h145.23−0.144%$17.7M$65.7M50xas long as short
Orderly PERP_AAVE_USDC+0.0058%8h145.24−0.138%$18K$12K10xas long as short
Gate AAVE_USDT+0.0064%8h145.18−0.179%$7.8M$15.6M75xas long as short
Nado AAVE-PERP+0.0065%1h145.24−0.141%$806K$445K10xas long as short
MEXC AAVE_USDT+0.0079%8h145.17−0.186%$32.2M$26.0M200xas long as short
Binance AAVEUSDT+0.0079%8h145.16−0.193%$66.0M$181.8M75xas long as short
Lighter AAVE+0.0096%1h145.38−0.043%$4.7M$1.6M10xas long as short
RISEx AAVE/USDC+0.0097%1h145.23−0.144%$181K$242K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.20−0.162%$14K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h145.29−0.102%$81.2M$32.5M10xas long as short
Aster AAVEUSDT+0.0100%8h145.22−0.148%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.22−0.148%$331K$505K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.26−0.124%$61.9M$64.8M75xas long as short
Arcus AAVE-USD+0.0100%1h145.19−0.172%$51K$274K10xas long as short
Bulk AAVE-USD+0.0100%1h145.14−0.208%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.16−0.193%$10.3M$8.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.20−0.165%$30.3M$18.2M75xas long as short
BingX AAVE-USDC+0.0100%8h145.17−0.186%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.33−0.076%$381K$703K10xas long as short
Variational Omni AAVE+0.0100%8h144.98−0.319%$3.8M$1.3Mas long as short
edgeX AAVEUSDCshort+0.0100%4h145.27−0.118%$100K$312K20x
GRVT AAVE_USDT_Perp+0.0100%8h144.95−0.338%$459K$4.1M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.30−0.096%$127K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h145.18−0.176%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.45+0.010%$738K$4.8M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.24−0.138%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.15−0.199%$936K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h145.29−0.103%$123K$14610xas long as short
BloFin AAVE-USDT+0.0200%8h145.11−0.227%$3.5M$5.3M100xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0248%1h145.44long leg$782K$3.0M50x
GMX AAVE/USD [AAVE-USDC]L +0.0266% / S −0.0438%1h145.32−0.084%$125K100xas long as short