Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.064%

Price spread now: edgeX against Kraken Futures−0.258%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.258%, 7d avg −0.046%

Together, before fees+0.160%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.212% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.258% now, against its 7-day average of −0.046%). If the spread goes back, that is −$21 on $10k: about 7.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	146.10	0.0002	pay 0.0000% / 1h	0m 55s	$3.5M	$2.1M	50x
Short	edgeX AAVEUSDC	145.72	0.0100	get 0.0050% / 4h	0m 55s	$105K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now −0.258%Rate

Funding earned: $20.52
Price spread: −0.258% → −0.046%: −$21.19
Slippage, 4 orders: −$26.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.16
Costs to cover: 0.455%
Break-even: 22.7 days

Slippage from Kraken Futures: live order book, 3 min ago; edgeX: live order book, 12 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 Kraken Futures live order book, 3 min ago	5.14 bp	13.7 bp −$14	19.6 bp −$196	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	3.76 bp	8.4 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
SoDEX AAVE-USD	−0.0124%	1h	145.97	−0.090%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	145.91	−0.131%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.80	−0.206%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.96	−0.095%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.04	−0.042%	$78K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.01	−0.063%	$255K	$391K	50x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0002%	1h	146.10	long leg	$3.5M	$2.1M	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.97	−0.093%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.93	−0.117%	$29.6M	$26.2M	200x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.93	−0.115%	$66.3M	$187.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.257%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.90	−0.138%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.94	−0.111%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	145.92	−0.124%	$17.9M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.94	−0.111%	$7.9M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.99	−0.080%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	+0.042%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.89	−0.143%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.89	−0.145%	$801K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.09	−0.008%	$80.3M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.00	−0.067%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.92	−0.123%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.95	−0.104%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.91	−0.131%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.352%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.95	−0.104%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.90	−0.138%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.94	−0.111%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.08	−0.015%	$349K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.88	−0.155%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.72	−0.258%	$105K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.40	−0.479%	$454K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.82	−0.193%	$136K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.98	−0.083%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.88	−0.148%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.02	−0.058%	$692K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.97	−0.090%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.89	−0.147%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.96	−0.100%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0111%	8h	145.90	−0.138%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.97	−0.092%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.81	−0.200%	$794K	$3.0M	50x	as long as short