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 0.000%

Price spread now: edgeX against Arcus+0.145%7-day average −0.028% · 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−$15as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.145%, 7d avg −0.028%

Together, before fees+0.047%+ 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 0.173% dearer against Arcus than usual: you sell high and buy low, +$17 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	Arcus AAVE-USD	140.88	0.0100	pay 0.0013% / 1h	33m 31s	$94K	$225K	10x
Short	edgeX AAVEUSDC	141.08	0.0100	get 0.0050% / 4h	3h 33m	$109K	$283K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → −0.028%: $17.32
Slippage, 4 orders: −$19.22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.4
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Arcus: live order book, 65 min ago; edgeX: live order book, 64 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 Arcus live order book, 65 min ago	2.12 bp	8.6 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell edgeX live order book, 64 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
dYdX AAVE-USD	0.0000%	1h	140.84	−0.030%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.06	+0.128%	$53K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.21	+0.234%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.09	+0.150%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.783%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.96	+0.055%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.20	+0.227%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.76	−0.085%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.12	+0.170%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.67	−0.147%	$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	140.77	−0.078%	$823K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.88	0.000%	$76.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.79	−0.066%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.74	−0.099%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.70	−0.128%	$63.2M	$191.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.69	−0.135%	$60.7M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.71	−0.121%	$16.6M	$64.6M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	140.88	long leg	$94K	$225K	10x
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.204%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.76	−0.085%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.71	−0.121%	$22.5M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.75	−0.092%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.70	−0.128%	$28.6M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.71	−0.121%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.05	+0.122%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.08	+0.145%	$109K	$283K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.199%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.32	+0.312%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.79	−0.064%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.03	+0.110%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.11	+0.163%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.42	+0.384%	$665K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.13	+0.177%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.65	−0.164%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.23	+0.247%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	140.94	+0.042%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0180%	1h	141.15	+0.192%	$384K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.36	+0.341%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.03	+0.106%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.76	−0.085%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.23	+0.249%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.07	+0.133%	$110K	—	100x	as long as short