Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.031%

Price spread now: edgeX against 01 Exchange−0.479%57s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.479% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.479% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 14 days of funding at the current rate (+$3 a day). The two prices were read 57 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	01 Exchange AAVEUSD	146.47	−0.0016	get 0.0002% / 1h	22m 12s	$11K	$2K	5x
Short	edgeX AAVEUSDC	145.77	0.0100	get 0.0050% / 4h	22m 12s	$105K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against 01 Exchange. 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 01 ExchangebpFee edgeXbpOrdersPrice spread, now −0.479%Rate

Funding earned: $24.36
Price spread: −0.479% → 0.000%: −$47.91
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$39.55
Costs to cover: 0.160%
Break-even: 18.4 days

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 56 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 01 Exchange no order-book sample	—	—	—	—	—
Sell edgeX live order book, 56 min ago	3.79 bp	8.3 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit

01 Exchange: 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 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	−0.0068%	1h	146.14	−0.225%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	−0.362%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.16	−0.212%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSDlong	−0.0016%	1h	146.47	long leg	$11K	$2K	5x
dYdX AAVE-USD	0.0000%	1h	146.16	−0.215%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.04	−0.294%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.27	−0.136%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	−0.130%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.493%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.14	−0.225%	$29.9M	$26.0M	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	+0.0041%	8h	146.13	−0.232%	$66.6M	$186.4M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.34	−0.091%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	146.17	−0.205%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.34	−0.089%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.18	−0.198%	$17.9M	$67.8M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.19	−0.191%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.38	−0.059%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.32	−0.104%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.36	−0.075%	$806K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.49	+0.014%	$80.8M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.37	−0.066%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	−0.241%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.16	−0.212%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.40	−0.048%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.273%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.17	−0.205%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.12	−0.239%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.14	−0.225%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.29	−0.123%	$347K	$748K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	−0.274%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.77	−0.479%	$105K	$316K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	−0.299%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.512%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.44	−0.020%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.15	−0.216%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.31	−0.108%	$692K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.15	−0.218%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.06	−0.283%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.52	+0.031%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.75	−0.492%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.32	−0.102%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.11	−0.246%	$789K	$3.0M	50x	as long as short