Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against edgeX−0.216%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.216%, 7d avg −0.047%

Together, before fees−0.082%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$8 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: Extended is 0.169% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	145.47	0.0100	pay 0.0050% / 4h	2h 52m	$101K	$312K	20x
Short	Extended AAVE-USD	145.15	0.0104	get 0.0013% / 1h	52m 46s	$941K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0.84
Price spread: −0.216% → −0.047%: −$16.9
Slippage, 4 orders: −$14.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.5
Costs to cover: 0.284%
Break-even: 377.9 days

Slippage from edgeX: live order book, 35 min ago; Extended: live order book, 1 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, 35 min ago	3.72 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.38 bp	7.6 bp −$8	26.2 bp −$262	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
SoDEX AAVE-USD	−0.0193%	1h	145.16	−0.210%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.35	−0.079%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0163%	1h	145.27	−0.134%	$247K	$477K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.114%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	−0.079%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	−0.107%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.13	−0.231%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.36	−0.074%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.32	−0.102%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.847%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.33	−0.091%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.11	−0.244%	$17.7M	$65.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.20	−0.183%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0079%	8h	145.15	−0.217%	$7.8M	$15.5M	75x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.11	−0.243%	$66.0M	$181.0M	75x	as long as short
MEXC AAVE_USDT	+0.0082%	8h	145.08	−0.265%	$32.3M	$26.0M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	−0.094%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	−0.055%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.144%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.32	−0.097%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.31	−0.107%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.16	−0.210%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.26	−0.141%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.16	−0.210%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.33	−0.093%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.536%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.16	−0.210%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.12	−0.238%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.16	−0.210%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	−0.141%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	−0.070%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	145.47	long leg	$101K	$312K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.138%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.40	−0.045%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.16	−0.209%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.44	−0.021%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.26	−0.141%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	145.15	−0.216%	$941K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.96	−0.347%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	−0.107%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.41	−0.038%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.37	−0.067%	$125K	—	100x	as long as short