Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.073%

Price spread now: edgeX against Kraken Futures−0.677%76s7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$500.501% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 3 days (all we have)+0.267%+$27 · spread now −0.677%, 7d avg −0.048%

Together, before fees+0.452%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.629% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.677% now, against its 7-day average of −0.048%). If the spread goes back, that is −$63 on $10k: about 13 days of funding at the current rate (+$5 a day). The two prices were read 76 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	Kraken Futures PF_AAVEUSD	148.08	−0.0060	get 0.0008% / 1h	32m 21s	$3.5M	$2.0M	50x
Short	edgeX AAVEUSDC	147.08	0.0100	get 0.0050% / 4h	3h 32m	$100K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now −0.677%Rate

Funding earned: $33.6
Price spread: −0.677% → −0.048%: −$62.88
Slippage, 4 orders: −$31.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$79.39
Costs to cover: 0.501%
Break-even: 23.5 days

Slippage from Kraken Futures: live order book, 2 min ago; edgeX: live order book, 16 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 Kraken Futures live order book, 2 min ago	9.16 bp	16.3 bp −$16	24.0 bp −$240	doesn't fit	doesn't fit
Sell edgeX live order book, 16 min ago	3.77 bp	8.3 bp −$8	11.6 bp −$116	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
SoDEX AAVE-USD	−0.0111%	1h	147.93	−0.102%	$5K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSDlong	−0.0060%	1h	148.08	long leg	$3.5M	$2.0M	50x
Phoenix AAVE	−0.0039%	1h	147.49	−0.400%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.93	−0.101%	$106K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.87	−0.143%	$76K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	147.99	−0.062%	$215K	$379K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.93	−0.101%	$72K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−7.511%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0034%	8h	148.00	−0.055%	$18.4M	$66.2M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.82	−0.180%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0058%	1h	147.87	−0.146%	$842K	$433K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	147.91	−0.116%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0085%	8h	147.84	−0.163%	$33.5M	$25.1M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	147.94	−0.096%	$67.1M	$176.4M	75x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	147.96	−0.082%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.94	−0.096%	$186K	$240K	10x	as long as short
Variational Omni AAVE	+0.0091%	8h	147.15	−0.631%	$3.8M	$1.3M	—	as long as short
Lighter AAVE	+0.0096%	1h	148.16	+0.053%	$4.8M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0096%	8h	147.04	−0.704%	$463K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.89	−0.128%	$14K	$4K	20x	as long as short
Bulk AAVE-USD	+0.0100%	1h	147.72	−0.244%	$62K	$3K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	147.90	−0.123%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.99	−0.065%	$346K	$484K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	148.03	−0.035%	$62.7M	$63.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.89	−0.129%	$52K	$337K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	147.92	−0.109%	$7.9M	$14.8M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.83	−0.170%	$10.4M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	147.87	−0.143%	$30.5M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	147.91	−0.116%	—	$43.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	148.04	−0.028%	$351K	$595K	10x	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	147.08	−0.677%	$100K	$310K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	147.44	−0.433%	$137K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.92	−0.109%	$131K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.91	−0.116%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	148.40	+0.214%	$755K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.97	−0.075%	$4.2M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.90	−0.126%	$956K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	148.07	−0.005%	$125K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0205%	8h	147.68	−0.271%	$3.6M	$5.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	148.07	−0.008%	$802K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.94	−0.093%	$130K	—	100x	as long as short
Hyperliquid AAVE	+0.0544%	1h	148.10	+0.012%	$84.5M	$30.5M	10x	as long as short