Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aevo against edgeX−0.291%48s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as 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−$1141.138% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.695%+$69 · spread now −0.291%, 7d avg +0.030%

Together, before fees+0.688%+ Points / potential airdropedgeX: Active · farm board+$69 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.321% cheaper against edgeX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 48 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	edgeX AAVEUSDC	145.27	0.0100	pay 0.0050% / 4h	2h 51m	$100K	$312K	20x
Short	Aevo AAVE-PERP	144.85	0.0104	get 0.0013% / 1h	51m 33s	$122K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now −0.291%Rate

Funding earned: $0.84
Price spread: −0.291% → +0.030%: −$32.09
Slippage, 4 orders: −$88.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$145.1
Costs to cover: 1.138%
Break-even: 1216.2 days

Slippage from edgeX: live order book, 36 min ago; Aevo: live order book, 37 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 edgeX live order book, 36 min ago	3.72 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Aevo live order book, 37 min ago	32.14 bp	47.3 bp −$47	285.5 bp −$2,855	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	−0.0165%	1h	145.20	−0.047%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.85	−0.288%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.28	+0.008%	$247K	$477K	50x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	+0.056%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.99	−0.188%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	+0.036%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.01	−0.177%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.28	+0.010%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.719%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.93	−0.230%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.95	−0.219%	$17.7M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.24	−0.019%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	144.94	−0.226%	$7.8M	$15.5M	75x	as long as short
Binance AAVEUSDT	+0.0081%	8h	144.94	−0.226%	$65.9M	$181.3M	75x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	144.90	−0.254%	$32.2M	$26.0M	200x	as long as short
ApeX Omni AAVEUSDT	+0.0095%	1h	145.30	+0.022%	$135K	$229K	50x	as long as short
Lighter AAVE	+0.0096%	1h	145.26	−0.003%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.98	−0.200%	$180K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.86	−0.282%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.00	−0.185%	$813K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.08	−0.130%	$81.0M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.11	−0.112%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.98	−0.197%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.02	−0.171%	$61.9M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.99	−0.192%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.090%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.94	−0.226%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.97	−0.205%	$29.7M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.96	−0.212%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.28	+0.008%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.066%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	145.27	long leg	$100K	$312K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.274%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.02	−0.171%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.23	−0.024%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	+0.008%	$739K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.24	−0.019%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.84	−0.293%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	144.85	−0.291%	$122K	$146	10x
BloFin AAVE-USDT	+0.0202%	8h	145.31	+0.029%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.35	+0.056%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.01	−0.180%	$125K	—	100x	as long as short