Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.055%

Price spread now: edgeX against SoDEX−0.293%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.293%, 7d avg −0.001%

Together, before fees+0.295%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.292% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.293% now, against its 7-day average of −0.001%). If the spread goes back, that is −$29 on $10k: about 6.9 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	146.02	−0.0041	get 0.0005% / 1h	48m 50s	$5K	$305K	10x
Short	edgeX AAVEUSDC	145.59	0.0100	get 0.0050% / 4h	3h 48m	$105K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.293%Rate

Funding earned: $29.62
Price spread: −0.293% → −0.001%: −$29.19
Slippage, 4 orders: −$10.15
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.71
Costs to cover: 0.271%
Break-even: 13.3 days

Slippage from SoDEX: live order book, 25 min ago; edgeX: live order book, 24 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 SoDEX live order book, 25 min ago	0.34 bp	5.3 bp −$5	10.4 bp −$104	95.3 bp −$9,532	doesn't fit
Sell edgeX live order book, 24 min ago	3.76 bp	8.4 bp −$8	11.7 bp −$117	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.14	+0.080%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	145.94	−0.055%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0082%	1h	145.42	−0.411%	$135K	$229K	50x	as long as short
SoDEX AAVE-USDlong	−0.0041%	1h	146.02	long leg	$5K	$305K	10x
dYdX AAVE-USD	0.0000%	1h	145.75	−0.182%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.87	−0.103%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.67	−0.240%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.05	+0.021%	$255K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.94	−0.052%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.07	+0.034%	$29.1M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0023%	8h	146.12	+0.068%	$66.3M	$187.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.205%	$422	$51K	12x	as long as short
GRVT AAVE_USDT_Perp	+0.0034%	8h	145.61	−0.279%	$456K	$3.9M	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.83	−0.128%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	146.01	−0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	146.14	+0.082%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0069%	8h	146.10	+0.055%	$7.9M	$15.2M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.04	+0.014%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0093%	8h	145.90	−0.082%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.19	+0.118%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.78	−0.163%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.84	−0.127%	$797K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.15	+0.089%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.06	+0.030%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.85	−0.117%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.16	+0.096%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.96	−0.041%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	−0.339%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.10	+0.055%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.02	0.000%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.13	+0.075%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.13	+0.075%	$346K	$743K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.51	−0.348%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.59	−0.293%	$105K	$317K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.92	−0.068%	$128K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.94	−0.058%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.30	+0.190%	$698K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.98	−0.027%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.02	+0.003%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.99	−0.024%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.94	−0.054%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.15	+0.089%	$784K	$3.1M	50x	as long as short