Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: edgeX against Extended+0.245%113s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as 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−$310.305% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.245%, 7d avg +0.050%

Together, before fees+0.044%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$4 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: edgeX is 0.195% dearer against Extended than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 113 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	Extended AAVE-USD	144.06	0.0104	pay 0.0013% / 1h	15m 39s	$918K	$1.7M	50x
Short	edgeX AAVEUSDC	144.42	0.0100	get 0.0050% / 4h	1h 15m	$104K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.245%Rate

Funding earned: −$0.84
Price spread: +0.245% → +0.050%: $19.48
Slippage, 4 orders: −$16.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.87
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 47 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 Extended live order book, 3 min ago	3.12 bp	7.0 bp −$7	22.2 bp −$222	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	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	−0.0048%	1h	144.30	+0.164%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.12	+0.039%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.30	+0.164%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.29	+0.157%	$229K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.35	+0.200%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.931%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.28	+0.150%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.29	+0.157%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0050%	1h	144.28	+0.150%	$833K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.46	+0.275%	$5K	$98K	10x	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	144.25	+0.127%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	+0.059%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.23	+0.115%	$78.0M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.30	+0.165%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.13	+0.046%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.10	+0.025%	$64.5M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.10	+0.025%	$61.5M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.10	+0.025%	$17.3M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.15	+0.059%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.105%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.24	+0.122%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.11	+0.032%	$26.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.14	+0.053%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.13	+0.046%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.10	+0.025%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.31	+0.171%	$322K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.148%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.42	+0.245%	$104K	$279K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.273%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.261%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.34	+0.191%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.30	+0.164%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.29	+0.157%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.38	+0.216%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.27	+0.143%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.06	long leg	$918K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.32	+0.177%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.17	+0.075%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.35	+0.198%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.36	+0.206%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.41	+0.239%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.065%	$783K	$2.8M	50x	as long as short