Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.035%

Price spread now: edgeX against SoDEX+0.117%75s7-day average +0.002% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.262% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$9 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.117%, 7d avg +0.002%

Together, before fees−0.054%+ Points / potential airdropedgeX: Active · farm board−$5 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 0.116% dearer against SoDEX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 75 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	SoDEX AAVE-USD	141.27	0.0100	pay 0.0013% / 1h	56m 09s	$5K	$298K	10x
Short	edgeX AAVEUSDC	141.44	0.0100	get 0.0050% / 4h	3h 56m	$109K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.002%: $11.58
Slippage, 4 orders: −$9.21
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.63
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from SoDEX: live order book, 42 min ago; edgeX: live order book, 42 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 SoDEX live order book, 42 min ago	0.35 bp	5.0 bp −$5	9.4 bp −$94	93.9 bp −$9,395	doesn't fit
Sell edgeX live order book, 42 min ago	3.54 bp	8.0 bp −$8	11.4 bp −$114	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
Phemex AAVEUSDT	−0.0030%	8h	141.30	+0.021%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.60	+0.236%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.33	+0.042%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.31	+0.028%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.33	+0.042%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.051%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.28	+0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.28	+0.007%	$17K	$8K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0098%	8h	141.43	+0.112%	$452K	$3.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.42	+0.103%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.41	+0.103%	$827K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.48	+0.149%	$77.2M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.36	+0.067%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.55	+0.202%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.26	−0.005%	$63.5M	$192.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.24	−0.021%	$60.8M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.24	−0.021%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.58	+0.219%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.208%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.31	+0.028%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.26	−0.007%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.32	+0.035%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.28	+0.007%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.24	−0.021%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	+0.181%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.44	+0.117%	$109K	$282K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	141.41	+0.099%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.42	+0.106%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.36	+0.067%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	141.27	long leg	$5K	$298K	10x
HTX AAVE-USDT	+0.0100%	8h	141.45	+0.130%	$666K	$5.3M	75x	as long as short
Lighter AAVE	+0.0104%	1h	141.51	+0.167%	$4.5M	$2.5M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.25	−0.015%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.32	+0.038%	$119K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	141.44	+0.120%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.304%	$4K	$97K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.70	+0.304%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.61	+0.241%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.48	+0.149%	$183K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0234%	1h	141.36	+0.064%	$384K	$732K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.39	+0.085%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.31	+0.029%	$110K	—	100x	as long as short