Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: edgeX against Binance+0.009%110s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$310.307% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.232%+$23 · spread now +0.009%, 7d avg −0.019%

Together, before fees+0.304%+ Points / potential airdropedgeX: Active · farm board+$30 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 0.028% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 110 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	Binance AAVEUSDT	141.13	0.0100	pay 0.0100% / 8h	7h 35m	$63.4M	$191.8M	75x
Short	edgeX AAVEUSDC	141.14	0.0100	get 0.0050% / 4h	3h 35m	$109K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.019%: $2.77
Slippage, 4 orders: −$11.67
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.89
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Binance: live order book, 8 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 Binance live order book, 8 min ago	0.35 bp	7.5 bp −$8	13.4 bp −$134	57.8 bp −$5,783	doesn't fit
Sell edgeX live order book, 62 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
Deribit AAVE_USDC-PERPETUAL	−0.0033%	1h	141.11	−0.014%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.10	−0.019%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.11	−0.014%	$53K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.06	−0.050%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.955%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.07	−0.044%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0088%	8h	141.04	−0.064%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.23	+0.071%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.291%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.11	−0.014%	$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	141.01	−0.081%	$825K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.29	+0.113%	$77.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.17	+0.029%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.15	+0.014%	$329K	$391K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	141.13	long leg	$63.4M	$191.8M	75x
Bybit AAVEUSDT	+0.0100%	8h	141.12	−0.007%	$60.9M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.14	+0.007%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.16	+0.021%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.026%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.15	+0.014%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.14	+0.007%	$22.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.15	+0.014%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.10	−0.021%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.14	+0.007%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.05	−0.055%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.14	+0.009%	$109K	$282K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	+0.043%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.20	+0.050%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.00	−0.092%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.99	−0.103%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.09	−0.028%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.01	−0.081%	$663K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.11	−0.014%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.11	−0.012%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.10	−0.022%	$119K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0174%	1h	141.27	+0.099%	$384K	$732K	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.34	+0.151%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.02	−0.078%	$751K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.057%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.22	+0.063%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.18	+0.037%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.06	−0.048%	$110K	—	100x	as long as short