Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.051%
Price spread now: edgeX against Coinbase International−0.108%77s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.431% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.108%, 7d avg −0.087%
Together, before fees−0.088%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.020% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.087%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX142.290.0296pay 0.0037% / 1h5m 53s$755K$2.8M50x
ShortedgeX AAVEUSDC142.140.0100get 0.0050% / 4h1h 05m$107K$283K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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

Funding earned
−$41.16
Price spread: −0.108% → −0.087%
−$2.05
Slippage, 4 orders
−$24.14
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$86.35
Costs to cover
0.431%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago4.92 bp13.7 bp −$1418.4 bp −$184doesn't fitdoesn't fit
Sell edgeX live order book, 37 min ago3.51 bp8.1 bp −$811.7 bp −$117doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h142.43+0.096%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h142.38+0.063%$50K$1.4M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h142.31+0.014%$215K$398K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h142.33+0.030%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.746%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h142.29−0.002%20xas long as short
Nado AAVE-PERP+0.0069%1h142.34+0.039%$829K$396K10xas long as short
Orderly PERP_AAVE_USDC+0.0080%8h142.30+0.007%$18K$7K10xas long as short
Phoenix AAVE+0.0089%1h142.48+0.134%$4K$108K10xas long as short
Lighter AAVE+0.0096%1h142.45+0.115%$4.5M$2.5M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex AAVE-USD-PERP+0.0100%8h142.36+0.048%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h142.28−0.010%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h142.42+0.095%$325K$384K10xas long as short
Binance AAVEUSDT+0.0100%8h142.18−0.077%$63.9M$188.5M75xas long as short
Bybit AAVEUSDT+0.0100%8h142.18−0.077%$61.5M$67.4M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h142.23−0.042%$17.0M$64.0M50xas long as short
Arcus AAVE-USD+0.0100%1h142.48+0.134%$63K$197K10xas long as short
Bulk AAVE-USD+0.0100%1h142.35+0.042%$161K$103K10xas long as short
Gate AAVE_USDT+0.0100%8h142.28−0.007%$8.0M$16.0M75xas long as short
MEXC AAVE_USDT+0.0100%8h142.22−0.049%$24.3M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h142.25−0.028%$10.2M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h142.28−0.007%$29.1M$17.8M75xas long as short
BingX AAVE-USDT+0.0100%8h142.30+0.007%$43.4Mas long as short
Variational Omni AAVE+0.0100%8h142.30+0.006%$3.7M$1.2Mas long as short
edgeX AAVEUSDCshort+0.0100%4h142.14−0.108%$107K$283K20x
GRVT AAVE_USDT_Perp+0.0100%8h142.20−0.063%$451K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h142.13−0.112%$132K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.42+0.091%$141K$470K10xas long as short
SunX AAVE-USDT+0.0100%8h142.38+0.066%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h142.27−0.014%$5K$285K10xas long as short
HTX AAVE-USDT+0.0100%8h142.49+0.143%$674K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h142.290.000%$4.0M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h142.16−0.088%$905K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h142.28−0.004%$120K$14610xas long as short
01 Exchange AAVEUSD+0.0112%1h142.45+0.112%$10K$2K5xas long as short
Hyperliquid AAVE+0.0165%1h142.45+0.112%$77.9M$36.9M10xas long as short
Backpack AAVE_USDC_PERP+0.0168%1h142.42+0.091%$391K$727K10xas long as short
BloFin AAVE-USDT+0.0220%8h142.43+0.098%$3.3M$3.6M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h142.48+0.130%$111K100xas long as short
RISEx AAVE/USDC+0.0256%1h142.45+0.110%$189K$270K10xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0296%1h142.29long leg$755K$2.8M50x
Kraken Futures PF_AAVEUSD+0.0317%1h142.36+0.052%$3.4M$2.1M50xas long as short