Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.021%

Price spread now: Binance against edgeX+0.232%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.602%−$60 · spread now +0.232%, 7d avg +0.013%

Together, before fees−0.686%+ Points / potential airdropedgeX: Active · farm board−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.219% dearer against edgeX than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of +0.013%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	143.91	0.0100	pay 0.0050% / 4h	2h 31m	$104K	$318K	20x
Short	Binance AAVEUSDT	144.24	0.0052	get 0.0052% / 8h	6h 31m	$65.0M	$184.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.232%Rate

Funding earned: −$9.99
Price spread: +0.232% → +0.013%: $21.86
Slippage, 4 orders: −$11.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.83
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from edgeX: live order book, 37 min ago; Binance: live order book, 12 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, 37 min ago	3.42 bp	7.9 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.35 bp	6.8 bp −$7	14.8 bp −$148	45.4 bp −$4,536	149.5 bp −$74.8K

AAVE on 41 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
Deribit AAVE_USDC-PERPETUAL	−0.0513%	1h	144.09	+0.126%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.25	+0.238%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.23	+0.225%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	+0.230%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.08	+0.119%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	+0.233%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	+0.071%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.828%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.24	+0.231%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.24	+0.229%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.14	+0.161%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDTshort	+0.0052%	8h	144.24	+0.232%	$65.0M	$184.8M	75x
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.15	+0.168%	$17.4M	$65.5M	50x	as long as short
Gate AAVE_USDT	+0.0088%	8h	144.24	+0.231%	$7.7M	$15.1M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.30	+0.269%	$186K	$230K	10x	as long as short
SoDEX AAVE-USD	+0.0092%	1h	144.13	+0.154%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.32	+0.285%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.24	+0.234%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.17	+0.182%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.15	+0.168%	$802K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.28	+0.258%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.24	+0.227%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.19	+0.196%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.23	+0.224%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.25	+0.238%	$45K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.286%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.21	+0.210%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.21	+0.210%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.24	+0.231%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.24	+0.231%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.011%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.91	long leg	$104K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	−0.024%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	+0.050%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.272%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	+0.200%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.447%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.12	+0.147%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.19	+0.194%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0236% / S −0.0359%	1h	144.27	+0.254%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.265%	$773K	$2.8M	50x	as long as short