Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bulk against edgeX−0.081%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on edgeX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.081% cheaper against edgeX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	141.88	0.0100	pay 0.0050% / 4h	59m 00s	$107K	$284K	20x
Short	Bulk AAVE-USD	141.77	0.0100	get 0.0013% / 1h	59m 00s	$160K	$103K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → 0.000%: −$8.07
Slippage, 4 orders: −$9.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$33.22
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from edgeX: live order book, 44 min ago; Bulk: live order book, 10 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, 44 min ago	3.51 bp	8.1 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell Bulk live order book, 10 min ago	0.35 bp	5.2 bp −$5	8.5 bp −$85	27.1 bp −$2,711	61.6 bp −$30.8K

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
Nado AAVE-PERP	−0.0131%	1h	141.72	−0.109%	$825K	$396K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0032%	1h	141.72	−0.112%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.90	+0.015%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	−0.077%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.75	−0.094%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.467%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.69	−0.136%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0081%	8h	141.71	−0.119%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.162%	$5K	$97K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.88	0.000%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.79	−0.061%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.81	−0.049%	$77.5M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.71	−0.120%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.83	−0.035%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.61	−0.190%	$63.5M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.60	−0.197%	$61.2M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.61	−0.190%	$16.9M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.89	+0.007%	$63K	$197K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	141.77	−0.081%	$160K	$103K	10x
Gate AAVE_USDT	+0.0100%	8h	141.69	−0.134%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.71	−0.119%	$24.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.73	−0.105%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.54	−0.239%	$28.9M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.66	−0.155%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	−0.028%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	141.88	long leg	$107K	$284K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.92	+0.031%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.95	+0.050%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.79	−0.063%	$140K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.78	−0.067%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.71	−0.119%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.91	+0.022%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.76	−0.084%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.65	−0.165%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.74	−0.099%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	141.78	−0.070%	$389K	$728K	10x	as long as short
01 Exchange AAVEUSD	+0.0168%	1h	141.86	−0.014%	$10K	$2K	5x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.74	−0.098%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.78	−0.069%	$188K	$273K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.73	−0.105%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.29	+0.289%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.83	−0.038%	$3.4M	$2.1M	50x	as long as short