Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: edgeX against Extended+0.322%53s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$270.265% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.322%, 7d avg +0.047%

Together, before fees−0.134%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$13 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 0.275% dearer against Extended than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 53 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	Extended AAVE-USD	142.90	0.0104	pay 0.0013% / 1h	26m 35s	$905K	$1.7M	50x
Short	edgeX AAVEUSDC	143.36	0.0100	get 0.0050% / 4h	3h 26m	$104K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.322%Rate

Funding earned: −$0.84
Price spread: +0.322% → +0.047%: $27.46
Slippage, 4 orders: −$12.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $0.11
Costs to cover: 0.265%
Break-even: from the start

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 26 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 Extended live order book, 2 min ago	1.75 bp	5.7 bp −$6	18.7 bp −$187	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	3.47 bp	8.0 bp −$8	12.7 bp −$127	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
dYdX AAVE-USD	0.0000%	1h	143.00	+0.069%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.14	+0.169%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.94	+0.029%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.98	+0.056%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.156%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	+0.477%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0037%	1h	142.94	+0.029%	$835K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.91	+0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	142.94	+0.029%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	142.95	+0.036%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.01	+0.078%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.95	+0.037%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.00	+0.069%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	+0.068%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.94	+0.029%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	+0.029%	$61.5M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.95	+0.036%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.05	+0.106%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.94	+0.029%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.95	+0.036%	$25.5M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.01	+0.078%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.87	−0.020%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.94	+0.029%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.07	+0.120%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.533%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.36	+0.322%	$104K	$279K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.34	+0.308%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.53	+0.442%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.08	+0.127%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.93	+0.024%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.96	+0.043%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.00	+0.074%	$686K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	+0.288%	$58K	$2K	10x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	142.90	long leg	$905K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.98	+0.057%	$121K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	143.22	+0.226%	$4.5M	$2.3M	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.01	+0.076%	$185K	$252K	10x	as long as short
Hyperliquid AAVE	+0.0201%	1h	143.11	+0.148%	$78.4M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.94	+0.029%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	143.06	+0.111%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.97	+0.052%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.547%	$788K	$2.8M	50x	as long as short