Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: edgeX against Injective+5.406%7-day average — · you sell dearer than you buy

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

Long on Injective Short on edgeX

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 5.406% dearer against Injective than usual: you sell high and buy low: +$541 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	56m 43s	$422	$51K	12x
Short	edgeX AAVEUSDC	144.36	0.0100	get 0.0050% / 4h	1h 56m	$104K	$319K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now +5.406%Rate

Funding earned: $14
Price spread: +5.406% → 0.000%: $540.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $545.6
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 6 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 6 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit

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 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
Deribit AAVE_USDC-PERPETUAL	−0.1835%	1h	143.58	+4.834%	$244K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	144.60	+5.578%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.42	+5.444%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.06	+5.184%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.89	+5.058%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+5.571%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	143.77	+4.970%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.83	+5.016%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0087%	1h	143.82	+5.009%	$5K	$291K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.53	+5.527%	$17.3M	$63.7M	50x	as long as short
MEXC AAVE_USDT	+0.0092%	8h	144.59	+5.571%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0093%	8h	144.49	+5.499%	$65.2M	$181.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.64	+5.608%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.54	+5.532%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.81	+5.005%	$800K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.44	+5.461%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.08	+5.199%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.48	+5.491%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.55	+5.542%	$61.8M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.62	+5.593%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.54	+5.534%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	+5.571%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.60	+5.578%	$30.1M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.58	+5.564%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	+5.133%	$322K	$717K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+5.410%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.36	+5.406%	$104K	$319K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+5.475%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.45	+5.469%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.81	+5.001%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.83	+5.018%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.96	+5.107%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.82	+5.009%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+5.188%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.56	+5.546%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.85	+5.033%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.64	+5.611%	$200K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0257% / S −0.0406%	1h	143.88	+5.052%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.93	+5.089%	$3.4M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	+5.206%	$774K	$2.8M	50x	as long as short