Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.050%

Price spread now: GMX against edgeX+0.311%7-day average +0.061% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.152%−$15 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.311%, 7d avg +0.061%

Together, before fees−0.262%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.250% dearer against edgeX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.061%. Mind the row above: over the last 3 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	142.62	0.0100	pay 0.0050% / 4h	2m 52s	$103K	$279K	20x
Short	GMX AAVE/USD [AAVE-USDC]	143.06	L +0.0252% / S −0.0362%	get 0.0045% / 1h	2m 52s	$112K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.311%Rate

Funding earned: $55.05
Price spread: +0.311% → +0.061%: $25.02
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $59.08
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: edgeX: live order book, 55 min ago; GMX: no order-book sample. Net counts fees only.

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, 55 min ago	3.52 bp	8.7 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD	−0.0136%	1h	143.05	+0.302%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.90	+0.195%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.95	+0.232%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.04	+0.295%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	+0.316%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.97	+0.246%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.968%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.05	+0.303%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.02	+0.281%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	+0.077%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0080%	1h	143.01	+0.274%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0084%	8h	143.03	+0.288%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.13	+0.356%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.02	+0.279%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.19	+0.400%	$78.0M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.08	+0.323%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	+0.269%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.01	+0.272%	$63.8M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.98	+0.253%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.94	+0.225%	$17.1M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.12	+0.351%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.063%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.07	+0.316%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.02	+0.281%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.08	+0.323%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.01	+0.274%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.00	+0.267%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.14	+0.365%	$336K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	+0.077%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	142.62	long leg	$103K	$279K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	+0.178%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	+0.049%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.10	+0.337%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.96	+0.237%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.20	+0.407%	$688K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.00	+0.267%	$897K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.05	+0.302%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.09	+0.326%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	+0.267%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0252% / S −0.0362%	1h	143.06	+0.311%	$112K	—	100x
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.11	+0.344%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+0.211%	$793K	$2.8M	50x	as long as short