Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Arcus−0.424%54s7-day average −0.020% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.776%+$78 · spread now −0.424%, 7d avg −0.020%

Together, before fees+0.777%+ Points / potential airdropedgeX: Active · farm board+$78 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 0.404% cheaper against Arcus than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 54 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	Arcus AAVE-USD	144.44	0.0100	pay 0.0013% / 1h	2m 15s	$45K	$181K	10x
Short	edgeX AAVEUSDC	143.83	0.0100	get 0.0050% / 4h	2h 02m	$104K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now −0.424%Rate

Funding earned: $0
Price spread: −0.424% → −0.020%: −$40.43
Slippage, 4 orders: −$17.68
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$71.61
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; edgeX: live order book, 1 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 Arcus live order book, 1 min ago	2.42 bp	8.2 bp −$8	24.5 bp −$245	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit

AAVE on 41 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	−0.0034%	1h	144.54	+0.068%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.42	−0.014%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.32	−0.085%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.33	−0.076%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.43	−0.007%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.53	+0.060%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	+0.021%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.179%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.46	+0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	+0.007%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0087%	8h	144.53	+0.062%	$26.6M	$25.0M	200x	as long as short
Binance AAVEUSDT	+0.0087%	8h	144.56	+0.084%	$65.2M	$182.0M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.47	+0.019%	$200K	$229K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0090%	8h	144.39	−0.035%	$17.3M	$64.1M	50x	as long as short
Lighter AAVE	+0.0096%	1h	144.58	+0.098%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	−0.032%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.38	−0.042%	$803K	$415K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.59	+0.104%	$78.2M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.007%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	−0.035%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	+0.028%	$61.8M	$64.1M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.44	long leg	$45K	$181K	10x
Gate AAVE_USDT	+0.0100%	8h	144.54	+0.069%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.45	+0.007%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.50	+0.042%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.53	+0.062%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	−0.021%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.02	−0.291%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.83	−0.424%	$104K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.07	−0.256%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.85	−0.408%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.52	+0.055%	$126K	$421K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	−0.012%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.43	−0.007%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.82	+0.267%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.51	+0.048%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.259%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.37	−0.045%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.45	+0.007%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0399%	1h	144.53	+0.060%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	+0.062%	$776K	$2.8M	50x	as long as short