Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.012%

Price spread now: edgeX against RISEx−0.048%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 3 days (all we have)+0.205%+$21 · spread now −0.048%, 7d avg −0.007%

Together, before fees+0.248%+ Points / potential airdropedgeX: Active · farm board+$25 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 0.040% cheaper against RISEx than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	144.74	0.0097	pay 0.0012% / 1h	25m 15s	$180K	$241K	10x
Short	edgeX AAVEUSDC	144.67	0.0100	get 0.0050% / 4h	2h 25m	$101K	$312K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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 RISExbpFee edgeXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0.53
Price spread: −0.048% → −0.007%: −$4.04
Slippage, 4 orders: −$10.73
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$29.25
Costs to cover: 0.257%
Break-even: 394.3 days

Slippage from RISEx: live order book, 63 min ago; edgeX: live order book, 62 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 RISEx live order book, 63 min ago	1.62 bp	4.6 bp −$5	10.6 bp −$106	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	3.72 bp	8.3 bp −$8	11.9 bp −$119	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	−0.0510%	1h	144.68	−0.042%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	144.65	−0.063%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.71	−0.021%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.041%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.85	+0.073%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.59	−0.104%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.76	+0.016%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.82	+0.052%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.376%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.67	−0.048%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.006%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.67	−0.049%	$17.5M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.66	−0.056%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.68	−0.042%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0059%	8h	144.64	−0.070%	$65.9M	$184.1M	75x	as long as short
MEXC AAVE_USDT	+0.0060%	8h	144.64	−0.070%	$31.5M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0086%	1h	144.77	+0.018%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.012%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.87	+0.090%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.70	−0.027%	$122K	$146	10x	as long as short
RISEx AAVE/USDClong	+0.0097%	1h	144.74	long leg	$180K	$241K	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	144.72	−0.017%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.83	+0.061%	$80.5M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.74	0.000%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.71	−0.024%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.70	−0.028%	$61.6M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	−0.028%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.307%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.71	−0.021%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.67	−0.049%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.67	−0.049%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.96	+0.151%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.089%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.67	−0.048%	$101K	$312K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.78	+0.027%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.64	−0.069%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.81	+0.047%	$721K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.68	−0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.65	−0.063%	$933K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0179%	8h	144.65	−0.063%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.263%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.74	+0.002%	$125K	—	100x	as long as short