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 −0.013%

Price spread now: Bitget against edgeX−0.228%104s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$360.359% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.228%, 7d avg −0.007%

Together, before fees+0.051%+ Points / potential airdropedgeX: Active · farm board+$5 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: Bitget is 0.222% cheaper against edgeX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 104 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	146.39	0.0100	pay 0.0050% / 4h	11m 53s	$106K	$318K	20x
Short	Bitget AAVEUSDT	146.06	0.0100	get 0.0100% / 8h	11m 53s	$30.3M	$18.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → −0.007%: −$22.16
Slippage, 4 orders: −$14.92
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.08
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago	3.76 bp	8.6 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.34 bp	9.4 bp −$9	13.7 bp −$137	26.1 bp −$2,605	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
Deribit AAVE_USDC-PERPETUAL	−0.0161%	1h	146.01	−0.262%	$255K	$389K	50x	as long as short
SoDEX AAVE-USD	−0.0111%	1h	145.94	−0.310%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.02	−0.255%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	−0.092%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.138%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	−0.160%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.06	−0.231%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.08	−0.212%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.444%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	146.18	−0.147%	$66.7M	$186.7M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0035%	8h	146.22	−0.119%	$29.9M	$26.1M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.239%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.98	−0.283%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.13	−0.180%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.22	−0.119%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.01	−0.262%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	−0.162%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.10	−0.201%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	−0.163%	$806K	$443K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.17	−0.153%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.20	−0.134%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	−0.186%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.15	−0.167%	$62.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.06	−0.228%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	−0.110%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.23	−0.112%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	146.06	−0.228%	$30.3M	$18.3M	75x
BingX AAVE-USDC	+0.0100%	8h	146.16	−0.160%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.09	−0.208%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.36	−0.021%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	146.39	long leg	$106K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.34	−0.038%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.43	+0.025%	$136K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.13	−0.180%	$128K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.97	−0.288%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	−0.204%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.06	−0.228%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.21	−0.124%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.11	−0.197%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	146.18	−0.146%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.07	−0.221%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.59	+0.134%	$791K	$3.0M	50x	as long as short