Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: edgeX against Gate−0.219%82s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$450.451% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.651%+$65 · spread now −0.219%, 7d avg −0.005%

Together, before fees+0.749%+ Points / potential airdropedgeX: Active · farm board+$75 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 0.214% cheaper against Gate than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 82 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	Gate AAVE_USDT	144.83	0.0100	pay 0.0100% / 8h	6h 22m	$7.8M	$15.2M	75x
Short	edgeX AAVEUSDC	144.51	0.0100	get 0.0050% / 4h	2h 22m	$104K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now −0.219%Rate

Funding earned: $0
Price spread: −0.219% → −0.005%: −$21.4
Slippage, 4 orders: −$21.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$66.54
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 46 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 Gate live order book, 2 min ago	2.42 bp	15.0 bp −$15	26.8 bp −$268	42.1 bp −$4,206	47.1 bp −$23.6K
Sell edgeX live order book, 46 min ago	3.42 bp	8.0 bp −$8	12.0 bp −$120	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	−0.0048%	1h	144.94	+0.076%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.93	+0.069%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.93	+0.069%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.83	0.000%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.86	+0.021%	$246K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.91	+0.057%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.65	−0.124%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.434%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.93	+0.070%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.91	+0.055%	$18K	$10K	10x	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	+0.0061%	8h	144.86	+0.021%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0061%	8h	144.76	−0.049%	$65.4M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.61	−0.152%	$17.4M	$65.3M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	145.00	+0.120%	$201K	$230K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.04	+0.142%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.92	+0.059%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.99	+0.110%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.96	+0.090%	$806K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.93	+0.069%	$78.5M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.90	+0.048%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.96	+0.093%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.67	−0.110%	$61.9M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.99	+0.110%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.268%	$58K	$2K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	144.83	long leg	$7.8M	$15.2M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	144.85	+0.014%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.78	−0.035%	$30.1M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.85	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.91	+0.055%	$323K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	−0.061%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.51	−0.219%	$104K	$317K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.84	+0.009%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.79	−0.028%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.01	+0.124%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.00	+0.114%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.84	+0.007%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.08	+0.175%	$703K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.83	0.000%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.79	−0.027%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0242% / S −0.0372%	1h	144.92	+0.062%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.186%	$775K	$2.8M	50x	as long as short