Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Lighter+0.302%109s7-day average −0.134% · 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−$260.256% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.257%−$26 · spread now +0.302%, 7d avg −0.134%

Together, before fees−0.257%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$26 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 0.436% dearer against Lighter than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.134%. The two prices were read 109 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	Lighter AAVE	142.95	0.0096	pay 0.0012% / 1h	5m 38s	$4.6M	$1.5M	10x
Short	edgeX AAVEUSDC	143.38	0.0100	get 0.0050% / 4h	1h 05m	$103K	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now +0.302%Rate

Funding earned: $0.84
Price spread: +0.302% → −0.134%: $43.6
Slippage, 4 orders: −$16.62
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $18.82
Costs to cover: 0.256%
Break-even: from the start

Slippage from Lighter: live order book, 7 min ago; edgeX: live order book, 57 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 Lighter live order book, 7 min ago	2.15 bp	6.3 bp −$6	17.3 bp −$173	50.8 bp −$5,084	doesn't fit
Sell edgeX live order book, 57 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	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
01 Exchange AAVEUSD	−0.0056%	1h	142.88	−0.048%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.87	−0.053%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.10	+0.106%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.85	−0.069%	$226K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.87	−0.054%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.190%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.83	−0.080%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.83	−0.083%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0063%	1h	142.83	−0.081%	$831K	$436K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.75	+0.560%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVElong	+0.0096%	1h	142.95	long leg	$4.6M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.84	−0.076%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.91	−0.027%	$77.3M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.81	−0.094%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.87	−0.055%	$325K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.78	−0.118%	$63.9M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.85	−0.069%	$60.8M	$64.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.86	−0.062%	$17.1M	$63.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.94	−0.006%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.787%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.86	−0.062%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.86	−0.062%	$25.8M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.89	−0.041%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.86	−0.062%	$29.9M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.83	−0.083%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.95	+0.001%	$319K	$694K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.80	−0.106%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.38	+0.302%	$103K	$278K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.38	+0.299%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	+0.343%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.88	−0.048%	$127K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.98	+0.024%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.86	−0.062%	$5K	$303K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.94	−0.008%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.95	+0.001%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.81	−0.095%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.86	−0.066%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	142.99	+0.027%	$180K	$238K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.11	+0.113%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	142.91	−0.027%	$123K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0269%	1h	142.98	+0.020%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.97	+0.015%	$777K	$2.8M	50x	as long as short