Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Bitget against edgeX−0.086%104s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$350.352% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now −0.086%, 7d avg −0.009%

Together, before fees−0.152%+ Points / potential airdropedgeX: Active · farm board−$15 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: Bitget is 0.077% cheaper against edgeX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 104 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	edgeX AAVEUSDC	144.86	0.0100	pay 0.0050% / 4h	1h 33m	$103K	$315K	20x
Short	Bitget AAVEUSDT	144.74	0.0100	get 0.0100% / 8h	1h 33m	$30.2M	$18.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.009%: −$7.69
Slippage, 4 orders: −$14.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.88
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from edgeX: live order book, 49 min ago; Bitget: live order book, 5 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 edgeX live order book, 49 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.03 bp	9.0 bp −$9	14.6 bp −$146	34.1 bp −$3,415	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	−0.0168%	1h	144.46	−0.280%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.67	−0.135%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	144.68	−0.128%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.052%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.74	−0.090%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.56	−0.211%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.68	−0.126%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.74	−0.086%	$30.9M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.71	−0.110%	$65.8M	$185.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.457%	$422	$51K	12x	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	144.47	−0.274%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.61	−0.179%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.72	−0.100%	$17.6M	$66.8M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.64	−0.155%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.72	−0.100%	$7.8M	$15.8M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.79	−0.049%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	−0.124%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.71	−0.105%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.82	−0.030%	$463K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.88	+0.012%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.74	−0.084%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.53	−0.230%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.87	+0.003%	$79.6M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.73	−0.095%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.72	−0.103%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.71	−0.107%	$61.5M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	−0.204%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.73	−0.093%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	144.74	−0.086%	$30.2M	$18.3M	75x
BingX AAVE-USDC	+0.0100%	8h	144.72	−0.100%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.81	−0.038%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	−0.177%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.86	long leg	$103K	$315K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	144.96	+0.066%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.57	−0.204%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.46	−0.277%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.79	−0.053%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.58	−0.197%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.72	−0.101%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0134%	8h	144.68	−0.128%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.65	−0.152%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.80	−0.045%	$783K	$3.0M	50x	as long as short