Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: edgeX against Orderly−0.411%71s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.411% cheaper against Orderly than usual: you would sell low and buy high (spread −0.411% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$41 on $10k: about 28 days of funding at the current rate (+$1 a day). The two prices were read 71 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	Orderly PERP_AAVE_USDC	146.18	0.0050	pay 0.0050% / 8h	57m 51s	$18K	$12K	10x
Short	edgeX AAVEUSDC	145.58	0.0100	get 0.0050% / 4h	57m 51s	$105K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.411%Rate

Funding earned: $10.45
Price spread: −0.411% → 0.000%: −$41.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.67
Costs to cover: 0.150%
Break-even: 37.6 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 20 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 20 min ago	3.79 bp	8.3 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phoenix AAVE	−0.0045%	1h	145.88	−0.205%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.07	−0.075%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0008%	1h	146.13	−0.034%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.99	−0.128%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.82	−0.246%	$74K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.17	−0.007%	$256K	$417K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.24	+0.039%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.25	+0.051%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.307%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.19	+0.007%	$30.6M	$25.5M	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	+0.0042%	8h	146.17	−0.005%	$66.6M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.22	+0.030%	—	—	20x	as long as short
Orderly PERP_AAVE_USDClong	+0.0050%	8h	146.18	long leg	$18K	$12K	10x
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.15	−0.021%	$17.9M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.20	+0.014%	$7.9M	$15.7M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.09	−0.058%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.38	+0.133%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.04	−0.093%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	+0.007%	$809K	$437K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	+0.046%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.00	−0.120%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.18	0.000%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.04	−0.096%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.267%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.20	+0.014%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.26	+0.055%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.21	+0.021%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.434%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.58	−0.411%	$105K	$317K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.391%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.49	−0.472%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.096%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.11	−0.047%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.31	+0.092%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.048%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.17	−0.010%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	−0.062%	$186K	$246K	10x	as long as short
Hyperliquid AAVE	+0.0118%	1h	146.34	+0.109%	$80.8M	$34.2M	10x	as long as short
BloFin AAVE-USDT	+0.0162%	8h	145.72	−0.315%	$3.5M	$4.0M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0180%	1h	146.31	+0.089%	$354K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.24	+0.039%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.171%	$795K	$3.1M	50x	as long as short