Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against dYdX+0.129%51s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$255as 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−$2762.756% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.129%, 7d avg −0.024%

Together, before fees+0.216%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.154% dearer against dYdX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 51 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	dYdX AAVE-USD	142.74	0	get 0.0000% / 1h	10m 25s	$102K	$4K	10x
Short	edgeX AAVEUSDC	142.93	0.0100	get 0.0050% / 4h	3h 10m	$104K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now +0.129%Rate

Funding earned: $21
Price spread: +0.129% → −0.024%: $15.37
Slippage, 4 orders: −$256.64
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$239.27
Costs to cover: 2.756%
Break-even: 86.8 days

Slippage from dYdX: live order book, 43 min ago; edgeX: live order book, 42 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 dYdX live order book, 43 min ago	62.65 bp	67.7 bp −$68	80.1 bp −$801	84.9 bp −$8,487	88.8 bp −$44.4K
Sell edgeX live order book, 42 min ago	3.47 bp	8.0 bp −$8	12.7 bp −$127	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-USDlong	0.0000%	1h	142.74	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.77	+0.019%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.69	−0.037%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.64	−0.072%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.051%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.19	+0.314%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0036%	1h	142.63	−0.079%	$831K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.58	−0.111%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.65	−0.065%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0065%	8h	142.71	−0.023%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0096%	1h	142.72	−0.016%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.58	−0.116%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.65	−0.064%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.64	−0.075%	$326K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.66	−0.058%	$63.7M	$188.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.62	−0.086%	$61.3M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.61	−0.093%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.74	−0.002%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.97	+0.159%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.63	−0.079%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.62	−0.086%	$25.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.64	−0.072%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.60	−0.100%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.62	−0.086%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.77	+0.019%	$335K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.66	−0.059%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	142.93	+0.129%	$104K	$279K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.96	+0.152%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.98	+0.166%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.70	−0.030%	$132K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.71	−0.024%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.69	−0.037%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.90	+0.109%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.57	−0.124%	$908K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.71	−0.025%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0105%	1h	142.74	−0.002%	$78.0M	$37.1M	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.70	−0.027%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.67	−0.051%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.78	+0.026%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.75	+0.002%	$112K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.85	+0.073%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.91	+0.117%	$781K	$2.8M	50x	as long as short