Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against edgeX+0.329%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.506%−$51 · spread now +0.329%, 7d avg +0.022%

Together, before fees−0.544%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$54 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: Pacifica is 0.308% dearer against edgeX than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	143.01	0.0100	pay 0.0050% / 4h	1h 45m	$103K	$279K	20x
Short	Pacifica AAVE	143.49	0.0100	get 0.0013% / 1h	45m 04s	$327K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.329%Rate

Funding earned: $0
Price spread: +0.329% → +0.022%: $30.78
Slippage, 4 orders: −$15.37
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1.58
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from edgeX: live order book, 18 min ago; Pacifica: live order book, 18 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, 18 min ago	3.46 bp	8.1 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit
Sell Pacifica live order book, 18 min ago	3.12 bp	7.8 bp −$8	doesn't fit	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
01 Exchange AAVEUSD	−0.0064%	1h	143.60	+0.409%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	+0.377%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	+0.318%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	+0.423%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.54	+0.364%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.234%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	+0.388%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	+0.396%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	+0.325%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.71	+0.486%	$17.2M	$63.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.82	+0.564%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.64	+0.437%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0099%	8h	143.67	+0.458%	$64.5M	$183.3M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	+0.382%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	+0.343%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.79	+0.542%	$77.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.62	+0.420%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	143.49	+0.329%	$327K	$433K	10x
Bybit AAVEUSDT	+0.0100%	8h	143.67	+0.458%	$61.5M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.63	+0.430%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.379%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.71	+0.486%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.66	+0.451%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.70	+0.479%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.69	+0.472%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.78	+0.535%	$320K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	+0.248%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.01	long leg	$103K	$279K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.029%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	+0.199%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+0.409%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.59	+0.405%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.61	+0.416%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.84	+0.578%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.62	+0.423%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.57	+0.387%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.63	+0.427%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.67	+0.457%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	+0.353%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	+0.364%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.70	+0.476%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.72	+0.493%	$778K	$2.8M	50x	as long as short