Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bulk against edgeX+0.161%56s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.161% dearer against edgeX than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	143.58	0.0100	pay 0.0050% / 4h	3h 54m	$103K	$278K	20x
Short	Bulk AAVE-USD	143.81	0.0100	get 0.0013% / 1h	54m 40s	$58K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → 0.000%: $16.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $0.06
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: edgeX: live order book, 63 min ago; Bulk: no order-book sample. Net counts fees only.

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, 63 min ago	3.52 bp	8.7 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX AAVE-USD	0.0000%	1h	143.95	+0.259%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.85	+0.188%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.94	+0.251%	$221K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	+0.268%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.610%	$422	$51K	12x	as long as short
Phemex AAVEUSDT	+0.0039%	8h	143.92	+0.237%	$4.0M	$3.7M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	+0.193%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.95	+0.258%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.71	+0.091%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.85	+0.192%	$846K	$404K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.05	+0.326%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.91	+0.233%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.02	+0.305%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.97	+0.272%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.95	+0.258%	$64.4M	$187.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.86	+0.195%	$61.8M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.87	+0.202%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	+0.258%	$64K	$200K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	143.81	+0.161%	$58K	$2K	10x
Gate AAVE_USDT	+0.0100%	8h	143.89	+0.216%	$8.2M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.91	+0.230%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.01	+0.300%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.83	+0.175%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.89	+0.216%	—	$43.8M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.139%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.58	long leg	$103K	$278K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.029%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.60	+0.014%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.91	+0.230%	$125K	$439K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.97	+0.269%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.99	+0.286%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.93	+0.246%	$692K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.80	+0.157%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.94	+0.250%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.87	+0.202%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.87	+0.204%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0154%	1h	144.22	+0.446%	$339K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.95	+0.258%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	144.09	+0.357%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.94	+0.248%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.82	+0.168%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0423%	1h	144.16	+0.404%	$79.3M	$36.7M	10x	as long as short