Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.017%

Price spread now: BloFin against edgeX+0.170%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.170%, 7d avg +0.026%

Together, before fees+0.121%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.144% dearer against edgeX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	146.12	0.0100	pay 0.0050% / 4h	55m 22s	$105K	$316K	20x
Short	BloFin AAVE-USDT	146.37	0.0162	get 0.0162% / 8h	55m 22s	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.170%Rate

Funding earned: $13.08
Price spread: +0.170% → +0.026%: $14.4
Slippage, 4 orders: −$12.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.58
Costs to cover: 0.331%
Break-even: 10.0 days

Slippage from edgeX: live order book, 23 min ago; BloFin: live order book, 3 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, 23 min ago	3.79 bp	8.3 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.34 bp	8.5 bp −$9	16.1 bp −$161	42.2 bp −$4,219	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
Phoenix AAVE	−0.0045%	1h	146.30	+0.122%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.36	+0.163%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.42	+0.204%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.28	+0.109%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.45	+0.226%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.39	+0.184%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0008%	1h	146.43	+0.211%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	+0.0020%	1h	146.34	+0.150%	$5K	$298K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.270%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.33	+0.143%	$30.6M	$25.5M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0042%	8h	146.35	+0.154%	$66.7M	$185.0M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.34	+0.147%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.33	+0.143%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	146.32	+0.136%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0076%	8h	146.35	+0.157%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.35	+0.153%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.56	+0.300%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.39	+0.186%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.28	+0.109%	$809K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.44	+0.218%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.35	+0.155%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.34	+0.150%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.39	+0.184%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.227%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.38	+0.177%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.37	+0.170%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.37	+0.170%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	+0.133%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	146.12	long leg	$105K	$316K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.17	+0.033%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.22	+0.068%	$136K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.45	+0.225%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.33	+0.144%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.228%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.29	+0.115%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.31	+0.128%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.43	+0.209%	$186K	$246K	10x	as long as short
BloFin AAVE-USDTshort	+0.0162%	8h	146.37	+0.170%	$3.5M	$4.0M	100x
Hyperliquid AAVE	+0.0261%	1h	146.57	+0.307%	$80.9M	$34.2M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.40	+0.189%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.211%	$795K	$3.0M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0298%	1h	146.54	+0.287%	$354K	$733K	10x	as long as short