Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against edgeX+0.451%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1641.642% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)−0.561%−$56 · spread now +0.451%, 7d avg +0.026%

Together, before fees−0.770%+ Points / potential airdropedgeX: Active · farm board−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.426% dearer against edgeX than usual: you sell high and buy low (spread +0.451% now, against its 7-day average of +0.026%): +$43 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	142.15	0.0100	pay 0.0050% / 4h	2h 21m	$105K	$281K	20x
Short	dYdX AAVE-USD	142.79	0	get 0.0000% / 1h	21m 21s	$102K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.451%Rate

Funding earned: −$21
Price spread: +0.451% → +0.026%: $42.57
Slippage, 4 orders: −$145.22
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$142.65
Costs to cover: 1.642%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; dYdX: live order book, 27 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, 26 min ago	3.49 bp	8.2 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell dYdX live order book, 27 min ago	69.02 bp	74.0 bp −$74	138.9 bp −$1,389	160.4 bp −$16.0K	223.4 bp −$111.7K

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	−0.0451%	1h	142.59	+0.309%	$217K	$394K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	142.79	+0.451%	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.46	+0.218%	$49K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.76	+0.429%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0022%	1h	142.86	+0.503%	$837K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.651%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.83	+0.479%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0070%	8h	142.69	+0.380%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.81	+0.462%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.99	+0.591%	$78.1M	$37.2M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.81	+0.467%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.85	+0.493%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.80	+0.454%	$64.1M	$191.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.77	+0.436%	$61.2M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.65	+0.351%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.00	+0.598%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	+0.091%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.80	+0.457%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.85	+0.492%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.94	+0.556%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.67	+0.366%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.79	+0.450%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.084%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	142.15	long leg	$105K	$281K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.012%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	+0.021%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.96	+0.570%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.89	+0.519%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.68	+0.373%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.83	+0.479%	$678K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.77	+0.436%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.63	+0.334%	$905K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.96	+0.570%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.71	+0.391%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	+0.119%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0140%	1h	142.84	+0.485%	$339K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.96	+0.571%	$191K	$254K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.17	+0.014%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.77	+0.435%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	142.97	+0.574%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.75	+0.419%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.57	+0.295%	$760K	$2.9M	50x	as long as short