Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: edgeX against Hyperliquid−0.333%86s7-day average −0.102% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.428%+$43 · spread now −0.333%, 7d avg −0.102%

Together, before fees+0.435%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$43 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 0.231% cheaper against Hyperliquid than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.102%. The two prices were read 86 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	Hyperliquid AAVE	144.10	0.0100	pay 0.0013% / 1h	55m 57s	$79.1M	$33.9M	10x
Short	edgeX AAVEUSDC	143.62	0.0100	get 0.0050% / 4h	1h 55m	$101K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hyperliquid. 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 HyperliquidbpFee edgeXbpOrdersPrice spread, now −0.333%Rate

Funding earned: $0
Price spread: −0.333% → −0.102%: −$23.12
Slippage, 4 orders: −$13.19
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$54.32
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; edgeX: 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 Hyperliquid live order book, 8 min ago	0.70 bp	6.1 bp −$6	9.8 bp −$98	doesn't fit	doesn't fit
Sell edgeX live order book, 27 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	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
Deribit AAVE_USDC-PERPETUAL	−0.0236%	1h	144.02	−0.053%	$253K	$480K	50x	as long as short
01 Exchange AAVEUSD	−0.0224%	1h	143.97	−0.087%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0103%	1h	143.97	−0.087%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0044%	1h	143.73	−0.254%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.11	+0.010%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.82	−0.191%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.06	−0.026%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.952%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0037%	1h	144.00	−0.063%	$797K	$438K	10x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	143.99	−0.073%	$31.1M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0039%	8h	144.04	−0.039%	$65.4M	$185.5M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.95	−0.104%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.06	−0.026%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.97	−0.087%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.372%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.07	−0.018%	$17.4M	$66.2M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.09	−0.004%	$3.4M	$2.1M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	143.58	−0.358%	$133K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0059%	8h	143.99	−0.073%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.05	−0.035%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0089%	8h	143.62	−0.330%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.18	+0.056%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.049%	$13K	$4K	20x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	144.10	long leg	$79.1M	$33.9M	10x
Aster AAVEUSDT	+0.0100%	8h	144.01	−0.061%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.035%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.09	−0.004%	$61.2M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.05	−0.032%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.96	−0.094%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.03	−0.046%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.99	−0.073%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.11	+0.010%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	−0.310%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.62	−0.333%	$101K	$313K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.04	−0.039%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.95	−0.103%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.18	+0.057%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.95	−0.101%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.06	−0.027%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0156%	8h	143.61	−0.337%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.05	−0.032%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.205%	$772K	$3.0M	50x	as long as short