Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%

Price spread now: edgeX against OKX−0.113%111s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$330.335% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.113%, 7d avg +0.007%

Together, before fees+0.351%+ Points / potential airdropedgeX: Active · farm board+$35 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 0.120% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 111 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	OKX AAVE-USDT-SWAP	142.10	0.0100	pay 0.0100% / 8h	2h 23m	$17.0M	$64.3M	50x
Short	edgeX AAVEUSDC	141.94	0.0100	get 0.0050% / 4h	2h 23m	$105K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → +0.007%: −$11.98
Slippage, 4 orders: −$14.48
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.45
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 24 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 OKX live order book, 5 min ago	0.35 bp	7.4 bp −$7	15.0 bp −$150	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	3.49 bp	8.0 bp −$8	12.4 bp −$124	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
dYdX AAVE-USD	0.0000%	1h	142.21	+0.076%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.22	+0.084%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.41	+0.218%	$217K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.39	+0.205%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0031%	1h	142.24	+0.102%	$831K	$401K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.617%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.33	+0.163%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.42	+0.225%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.17	+0.048%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.34	+0.169%	$77.7M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.21	+0.074%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.22	+0.082%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.20	+0.070%	$63.8M	$190.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.16	+0.042%	$60.9M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0100%	8h	142.10	long leg	$17.0M	$64.3M	50x
Arcus AAVE-USD	+0.0100%	1h	142.23	+0.091%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.167%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.19	+0.063%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.22	+0.084%	$25.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.23	+0.091%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.16	+0.042%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.14	+0.028%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.048%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.94	−0.113%	$105K	$280K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.57	+0.329%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	−0.042%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.41	+0.218%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.42	+0.225%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.42	+0.225%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.71	+0.432%	$682K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.36	+0.183%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.07	−0.024%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.18	+0.056%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.43	+0.232%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.063%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0144%	1h	142.40	+0.211%	$338K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.19	+0.064%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.21	+0.077%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.50	+0.281%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.38	+0.194%	$111K	—	100x	as long as short
Lighter AAVE	+0.0264%	1h	142.40	+0.211%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.41	+0.218%	$761K	$2.8M	50x	as long as short