Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against edgeX−4.572%7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.572% cheaper against edgeX than usual: you would sell low and buy high (−$457 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	143.52	0.0100	pay 0.0050% / 4h	1h 56m	$107K	$281K	20x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	56m 39s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.572%Rate

Funding earned: −$14
Price spread: −4.572% → 0.000%: −$457.25
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$480.27
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 51 min ago; Injective: 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, 51 min ago	3.49 bp	8.2 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
dYdX AAVE-USD	0.0000%	1h	143.20	−0.227%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.21	−0.218%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.19	−0.232%	$218K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.34	−0.129%	$80K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−4.572%	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	143.32	−0.140%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0075%	8h	143.22	−0.211%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.37	−0.108%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.34	−0.124%	$833K	$400K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.29	−0.159%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVE	+0.0100%	1h	143.29	−0.164%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.30	−0.155%	$64.5M	$191.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.27	−0.176%	$61.7M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.39	−0.092%	$17.2M	$65.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.49	−0.023%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	+0.270%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.32	−0.141%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.41	−0.078%	$24.9M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.23	−0.204%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.36	−0.113%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.37	−0.106%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.27	−0.176%	$340K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.75	+0.157%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.52	long leg	$107K	$281K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	+0.242%	$455K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.88	+0.249%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.40	−0.085%	$142K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.33	−0.137%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.16	−0.253%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.019%	$681K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.24	−0.197%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.34	−0.125%	$910K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.21	−0.217%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.73	+0.145%	$4K	$108K	10x	as long as short
01 Exchange AAVEUSD	+0.0160%	1h	143.39	−0.092%	$10K	$2K	5x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.17	−0.246%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.32	−0.138%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	143.41	−0.078%	$196K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.25	−0.190%	$764K	$2.9M	50x	as long as short
Lighter AAVE	+0.0304%	1h	143.45	−0.053%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0315%	1h	143.23	−0.202%	$3.4M	$2.1M	50x	as long as short
Hyperliquid AAVE	+0.0341%	1h	143.34	−0.127%	$78.3M	$37.3M	10x	as long as short