Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.314%

Price spread now: Deribit against edgeX+0.011%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.520%−$52 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.011%, 7d avg −0.004%

Together, before fees−0.484%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	144.36	0.0100	pay 0.0050% / 4h	1h 58m	$104K	$319K	20x
Short	Deribit AAVE_USDC-PERPETUAL	144.38	0	get 0.0000% / 1h	58m 36s	$245K	$370K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$21
Price spread: +0.011% → −0.004%: $1.53
Slippage, 4 orders: −$21.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.51
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Deribit: live order book, just now.

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, 4 min ago	3.46 bp	8.1 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit
Sell Deribit live order book, just now	6.58 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit

AAVE on 41 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	−0.0056%	1h	144.28	−0.058%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.092%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.44	+0.052%	$72K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	144.38	+0.011%	$245K	$370K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	+0.025%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.51	+0.101%	$5K	$89K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.129%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.35	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	−0.003%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.18	−0.128%	$17.3M	$63.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0091%	8h	144.38	+0.011%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0091%	8h	144.32	−0.031%	$65.1M	$181.6M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.55	+0.131%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	+0.039%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.47	+0.073%	$804K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.58	+0.149%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.059%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	+0.047%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.29	−0.052%	$61.7M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	−0.038%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.34	−0.017%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.38	+0.011%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.32	−0.031%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.29	−0.052%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.51	+0.101%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+0.004%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.36	long leg	$104K	$319K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.075%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.052%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.43	+0.045%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.43	+0.048%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.38	+0.011%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.54	+0.120%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.39	+0.018%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.207%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.23	−0.093%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.42	+0.039%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.33	−0.022%	$200K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0256% / S −0.0403%	1h	144.39	+0.014%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.50	+0.093%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.62	+0.177%	$777K	$2.8M	50x	as long as short