Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.294%

Price spread now: edgeX against Deribit−0.095%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.510%+$51 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now −0.095%, 7d avg +0.004%

Together, before fees+0.185%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.098% cheaper against Deribit than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.004%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	140.72	−0.0034	get 0.0004% / 1h	27m 26s	$211K	$393K	50x
Short	edgeX AAVEUSDC	140.59	0.0100	get 0.0050% / 4h	3h 27m	$108K	$284K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $28.14
Price spread: −0.095% → +0.004%: −$9.82
Slippage, 4 orders: −$16.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.16
Costs to cover: 0.325%
Break-even: 10.5 days

Slippage from Deribit: live order book, 1 min ago; edgeX: live order book, 5 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 Deribit live order book, 1 min ago	4.63 bp	8.1 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	3.56 bp	8.1 bp −$8	11.6 bp −$116	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-PERPETUALlong	−0.0034%	1h	140.72	long leg	$211K	$393K	50x
dYdX AAVE-USD	0.0000%	1h	140.87	+0.105%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.61	−0.078%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.66	−0.045%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.672%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.68	−0.025%	—	—	20x	as long as short
SoDEX AAVE-USD	+0.0072%	1h	140.69	−0.021%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	+0.0080%	1h	140.76	+0.028%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.70	−0.014%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	140.61	−0.078%	$4K	$99K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	140.77	+0.032%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.77	+0.039%	$833K	$406K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.83	+0.078%	$76.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.81	+0.066%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.82	+0.072%	$343K	$409K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.73	+0.004%	$63.1M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.71	−0.007%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.71	−0.007%	$16.4M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.86	+0.099%	$94K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.61	−0.078%	$162K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.81	+0.064%	$8.2M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.82	+0.071%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.84	+0.085%	$10.1M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.81	+0.064%	$28.6M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.78	+0.043%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.62	−0.070%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	140.59	−0.095%	$108K	$284K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.66	−0.043%	$440K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.59	−0.092%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.79	+0.050%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.46	−0.188%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.72	−0.004%	$662K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.81	+0.064%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.73	+0.007%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.76	+0.027%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	141.04	+0.227%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0164%	1h	140.96	+0.171%	$384K	$736K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.68	−0.028%	$750K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.69	−0.021%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.54	−0.127%	$171K	$301K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0250%	1h	140.79	+0.048%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.66	−0.044%	$109K	—	100x	as long as short