Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.002%

Price spread now: edgeX against Aevo+0.046%48s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as 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−$1151.154% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.046%, 7d avg −0.026%

Together, before fees−0.177%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.072% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 48 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	Aevo AAVE-PERP	145.02	0.0088	pay 0.0011% / 1h	19m 29s	$122K	$146	10x
Short	edgeX AAVEUSDC	145.08	0.0100	get 0.0050% / 4h	1h 19m	$104K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $2.52
Price spread: +0.046% → −0.026%: $7.15
Slippage, 4 orders: −$90.4
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$105.73
Costs to cover: 1.154%
Break-even: 300.7 days

Slippage from Aevo: live order book, 64 min ago; edgeX: live order book, 64 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 Aevo live order book, 64 min ago	34.26 bp	48.4 bp −$48	288.9 bp −$2,889	doesn't fit	doesn't fit
Sell edgeX live order book, 64 min ago	3.46 bp	8.0 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
01 Exchange AAVEUSD	−0.0144%	1h	145.10	+0.058%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.03	+0.010%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0040%	1h	145.01	−0.004%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.03	+0.010%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.18	+0.114%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.21	+0.134%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.14	+0.087%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.555%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.09	+0.052%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.11	+0.065%	$66.1M	$185.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.14	+0.087%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.16	+0.097%	$181K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.98	−0.024%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.14	+0.086%	$17.6M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.17	+0.104%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0063%	8h	145.09	+0.052%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERPlong	+0.0088%	1h	145.02	long leg	$122K	$146	10x
Lighter AAVE	+0.0096%	1h	145.29	+0.188%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.12	+0.070%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.07	+0.039%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.09	+0.048%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.22	+0.144%	$79.8M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.16	+0.100%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.11	+0.067%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.14	+0.086%	$61.6M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.12	+0.072%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	+0.041%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.08	+0.045%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.16	+0.100%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.09	+0.052%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.17	+0.107%	$347K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.06	+0.029%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	145.08	+0.046%	$104K	$316K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	145.08	+0.045%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.21	+0.134%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.07	+0.040%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.25	+0.161%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.13	+0.079%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.08	+0.042%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0145%	8h	145.11	+0.065%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.14	+0.085%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	+0.031%	$787K	$3.0M	50x	as long as short