Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.017%

Price spread now: BloFin against edgeX−0.211%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 3 days (all we have)+0.353%+$35 · spread now −0.211%, 7d avg +0.027%

Together, before fees+0.497%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.238% cheaper against edgeX than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of +0.027%). If the spread goes back, that is −$24 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	146.08	0.0100	pay 0.0050% / 4h	24m 03s	$105K	$316K	20x
Short	BloFin AAVE-USDT	145.77	0.0161	get 0.0161% / 8h	24m 03s	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.211%Rate

Funding earned: $12.89
Price spread: −0.211% → +0.027%: −$23.79
Slippage, 4 orders: −$11.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.43
Costs to cover: 0.325%
Break-even: 30.6 days

Slippage from edgeX: live order book, 54 min ago; BloFin: live order book, 4 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, 54 min ago	3.79 bp	8.3 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.03 bp	7.1 bp −$7	12.3 bp −$123	28.1 bp −$2,814	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
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.57	−0.348%	$254K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0065%	1h	145.56	−0.355%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	−0.094%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.60	−0.327%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.62	−0.313%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.70	−0.259%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.66	−0.284%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.66	−0.283%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.242%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.59	−0.334%	$29.8M	$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	145.60	−0.327%	$66.4M	$186.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.56	−0.355%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.58	−0.341%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.58	−0.341%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0074%	8h	145.59	−0.334%	$17.9M	$67.5M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.61	−0.324%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.80	−0.190%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.58	−0.338%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.54	−0.365%	$801K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.74	−0.231%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.67	−0.279%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.64	−0.303%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.59	−0.334%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.58	−0.341%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.005%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.59	−0.334%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.54	−0.368%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.60	−0.327%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.67	−0.279%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	−0.007%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	146.08	long leg	$105K	$316K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	−0.031%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	−0.005%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.64	−0.300%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.57	−0.345%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	−0.237%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.62	−0.313%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.60	−0.330%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.62	−0.313%	$185K	$246K	10x	as long as short
BloFin AAVE-USDTshort	+0.0161%	8h	145.77	−0.211%	$3.5M	$4.0M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.66	−0.284%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	−0.046%	$786K	$3.0M	50x	as long as short