Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bulk against edgeX−0.223%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.223% cheaper against edgeX than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	edgeX AAVEUSDC	144.59	0.0100	pay 0.0050% / 4h	1h 25m	$103K	$314K	20x
Short	Bulk AAVE-USD	144.27	0.0100	get 0.0013% / 1h	25m 47s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against edgeX. 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 edgeXbpFee BulkbpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → 0.000%: −$22.33
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$38.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 min ago; Bulk: no order-book sample. Net counts fees only.

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 edgeX live order book, 57 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD	−0.0152%	1h	144.55	−0.028%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.54	−0.035%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0063%	1h	144.51	−0.056%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.37	−0.152%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.77	+0.124%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.53	−0.042%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.60	+0.010%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	144.59	0.000%	$30.8M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.277%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.68	+0.062%	$65.8M	$185.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.52	−0.051%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.57	−0.013%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.53	−0.042%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.67	+0.055%	$17.5M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.61	+0.012%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.67	+0.055%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.57	−0.014%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.079%	$455K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.72	+0.088%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.55	−0.025%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.54	−0.035%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.78	+0.131%	$79.6M	$34.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.63	+0.027%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.67	+0.057%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.66	+0.048%	$61.4M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.52	−0.049%	$50K	$273K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	144.27	−0.223%	$61K	$3K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	144.64	+0.034%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.67	+0.055%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.65	+0.041%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.66	+0.048%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.120%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.59	long leg	$103K	$314K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	+0.124%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.61	+0.014%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.49	−0.073%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.67	+0.058%	$693K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	−0.083%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.57	−0.011%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0131%	8h	144.61	+0.014%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.60	+0.008%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.79	+0.138%	$784K	$3.0M	50x	as long as short