Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: edgeX against Phemex+0.003%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.003%, 7d avg −0.028%

Together, before fees−0.100%+ Points / potential airdropedgeX: Active · farm board−$10 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 0.031% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAVEUSDT	146.32	0.0100	pay 0.0100% / 8h	53m 09s	$4.1M	$3.8M	50x
Short	edgeX AAVEUSDC	146.32	0.0100	get 0.0050% / 4h	53m 09s	$105K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.028%: $3.08
Slippage, 4 orders: −$65.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$83.29
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; edgeX: live order book, 25 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 Phemex live order book, 6 min ago	15.73 bp	35.8 bp −$36	47.8 bp −$478	doesn't fit	doesn't fit
Sell edgeX live order book, 25 min ago	3.79 bp	8.3 bp −$8	12.2 bp −$122	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
Phoenix AAVE	−0.0027%	1h	146.30	−0.014%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0024%	1h	146.25	−0.048%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.27	−0.034%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	−0.021%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.29	−0.021%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.36	+0.026%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.32	−0.003%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.28	−0.027%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.397%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.25	−0.048%	$31.0M	$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	+0.0043%	8h	146.23	−0.059%	$66.6M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.048%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.24	−0.055%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.25	−0.048%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.27	−0.034%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.26	−0.039%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.47	+0.103%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.28	−0.027%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.33	+0.007%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.31	−0.007%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.28	−0.029%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.25	−0.048%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.32	0.000%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.362%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.26	−0.041%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.26	−0.041%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.25	−0.048%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.003%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	146.32	+0.003%	$105K	$316K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	+0.050%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.22	−0.068%	$136K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	0.000%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.24	−0.054%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.41	+0.059%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDTlong	+0.0100%	8h	146.32	long leg	$4.1M	$3.8M	50x
Extended AAVE-USD	+0.0104%	1h	146.22	−0.067%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.37	+0.031%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.25	−0.048%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0203%	1h	146.41	+0.062%	$80.9M	$34.3M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.30	−0.014%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.075%	$795K	$3.0M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0292%	1h	146.38	+0.041%	$353K	$733K	10x	as long as short