Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.301%

Price spread now: Deribit against edgeX+0.003%75s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as 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−$340.335% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.003%, 7d avg −0.003%

Together, before fees−0.370%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 75 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	143.33	0.0100	pay 0.0050% / 4h	3h 31m	$104K	$280K	20x
Short	Deribit AAVE_USDC-PERPETUAL	143.33	0	get 0.0000% / 1h	31m 44s	$219K	$397K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21
Price spread: +0.003% → −0.003%: $0.57
Slippage, 4 orders: −$17.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.97
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from edgeX: live order book, 21 min ago; Deribit: live order book, 17 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, 21 min ago	3.47 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Deribit live order book, 17 min ago	5.22 bp	8.7 bp −$9	16.7 bp −$167	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
dYdX AAVE-USD	0.0000%	1h	143.42	+0.063%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.30	−0.018%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	143.33	+0.003%	$219K	$397K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.33	+0.003%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0027%	1h	143.24	−0.060%	$837K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.441%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.52	+0.136%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.25	−0.049%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0051%	8h	143.27	−0.039%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	143.32	−0.004%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.34	+0.010%	$10K	$2K	5x	as long as short
Lighter AAVE	+0.0096%	1h	143.58	+0.178%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	−0.018%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.41	+0.062%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	+0.078%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.46	+0.094%	$64.1M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.44	+0.080%	$61.7M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.46	+0.094%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.68	+0.247%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.48	+0.108%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.43	+0.073%	$25.7M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.35	+0.017%	$10.4M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.47	+0.101%	$29.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.56	+0.164%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	−0.046%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.33	long leg	$104K	$280K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.37	+0.028%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.41	+0.059%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.37	+0.031%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.27	−0.040%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.29	−0.025%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.39	+0.048%	$689K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	−0.011%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.51	+0.127%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.36	+0.022%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0107%	1h	143.40	+0.052%	$337K	$720K	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.65	+0.224%	$186K	$252K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.33	+0.003%	$3.3M	$3.6M	100x	as long as short
Hyperliquid AAVE	+0.0236%	1h	143.54	+0.150%	$78.6M	$37.0M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.36	+0.027%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.34	+0.007%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.247%	$788K	$2.8M	50x	as long as short