Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against edgeX+0.088%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now +0.088%, 7d avg −0.050%

Together, before fees−0.377%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$38 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: Extended is 0.138% dearer against edgeX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	143.82	0.0100	pay 0.0050% / 4h	1h 10m	$104K	$277K	20x
Short	Extended AAVE-USD	143.94	0.0104	get 0.0013% / 1h	10m 49s	$918K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0.84
Price spread: +0.088% → −0.050%: $13.83
Slippage, 4 orders: −$13.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.05
Costs to cover: 0.277%
Break-even: 115.7 days

Slippage from edgeX: live order book, 52 min ago; Extended: live order book, 3 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, 52 min ago	3.46 bp	8.1 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.43 bp	6.1 bp −$6	18.9 bp −$189	doesn't fit	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	−0.0048%	1h	143.73	−0.060%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.62	−0.136%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.074%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.89	+0.051%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.86	+0.033%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.768%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.74	−0.054%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.86	+0.030%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0055%	1h	143.73	−0.060%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.176%	$5K	$98K	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	144.06	+0.170%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.58	−0.164%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.04	+0.155%	$77.9M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.89	+0.048%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.64	−0.123%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.96	+0.102%	$64.4M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.97	+0.107%	$61.4M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.95	+0.093%	$17.3M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.77	−0.033%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.179%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.88	+0.044%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.96	+0.100%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.88	+0.044%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.98	+0.113%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.87	+0.037%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.01	+0.134%	$321K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	−0.111%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.82	long leg	$104K	$277K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	+0.046%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	+0.058%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.78	−0.026%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.67	−0.102%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.88	+0.044%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.85	+0.020%	$693K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.83	+0.009%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	143.94	+0.088%	$918K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	143.89	+0.054%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.80	−0.010%	$185K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	+0.072%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.83	+0.007%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.96	+0.102%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	+0.141%	$783K	$2.8M	50x	as long as short