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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.076%
Price spread now: GMX against edgeX+0.002%110s7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.139%−$14 on $10k
Price spread, last 4 days (all we have)+0.493%+$49 · spread now +0.002%, 7d avg +0.056%
Together, before fees+0.354%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.054% cheaper against edgeX than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.056%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 4 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX AAVEUSDC142.900.0100pay 0.0050% / 4h2h 57m$110K$284K20x
ShortGMX AAVE/USD [AAVE-USDC]142.91L +0.0252% / S −0.0360%get 0.0045% / 1h57m 50s$111K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$54.57
Price spread: +0.002% → +0.056%
−$5.37
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
$28.2
Costs to cover
0.210%
Break-even
3.4 days
Slippage unknown: edgeX: live order book, 35 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 35 min ago3.56 bp8.2 bp −$812.4 bp −$124doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex AAVEUSDT−0.0062%8h142.41−0.346%$3.9M$3.6M50xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0031%1h142.46−0.311%$211K$359K50xas long as short
SoDEX AAVE-USD−0.0026%1h142.38−0.367%$6K$285K10xas long as short
dYdX AAVE-USD0.0000%1h142.48−0.295%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h142.49−0.290%$50K$1.4M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h142.88−0.017%$82K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.160%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h142.52−0.270%20xas long as short
01 Exchange AAVEUSD+0.0080%1h142.57−0.234%$10K$2K5xas long as short
Orderly PERP_AAVE_USDC+0.0093%8h142.43−0.332%$17K$6K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h142.60−0.214%$4.6M$2.2M10xas long as short
Phoenix AAVE+0.0096%1h142.93+0.018%$4K$96K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h142.43−0.333%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h142.46−0.308%$824K$385K10xas long as short
Hyperliquid AAVE+0.0100%1h142.57−0.234%$78.0M$36.8M10xas long as short
Aster AAVEUSDT+0.0100%8h142.49−0.287%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h142.49−0.293%$347K$364K10xas long as short
Binance AAVEUSDT+0.0100%8h142.39−0.360%$63.8M$186.8M75xas long as short
Bybit AAVEUSDT+0.0100%8h142.37−0.374%$61.3M$67.0M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h142.39−0.360%$16.5M$62.8M50xas long as short
Arcus AAVE-USD+0.0100%1h142.63−0.192%$98K$228K10xas long as short
Bulk AAVE-USD+0.0100%1h142.71−0.138%$165K$106K10xas long as short
Gate AAVE_USDT+0.0100%8h142.40−0.353%$8.1M$13.9M75xas long as short
MEXC AAVE_USDT+0.0100%8h142.40−0.353%$22.5M$23.8M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h142.42−0.339%$10.3M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h142.38−0.367%$29.0M$17.2M75xas long as short
BingX AAVE-USDC+0.0100%8h142.38−0.367%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h142.53−0.262%$388K$732K10xas long as short
Variational Omni AAVE+0.0100%8h142.82−0.060%$3.7M$1.3Mas long as short
edgeX AAVEUSDClong+0.0100%4h142.90long leg$110K$284K20x
GRVT AAVE_USDT_Perp+0.0100%8h142.98+0.053%$449K$3.4M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.01+0.074%$133K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.52−0.269%$133K$466K10xas long as short
SunX AAVE-USDT+0.0100%8h142.37−0.372%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h142.50−0.280%$668K$5.3M75xas long as short
Extended AAVE-USD+0.0104%1h142.35−0.387%$916K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h142.46−0.309%$120K$14610xas long as short
RISEx AAVE/USDC+0.0164%1h142.57−0.237%$173K$275K10xas long as short
Kraken Futures PF_AAVEUSD+0.0175%1h142.48−0.297%$3.4M$2.1M50xas long as short
BloFin AAVE-USDT+0.0220%8h142.50−0.283%$3.2M$3.5M100xas long as short
Coinbase International AAVE-PERP-INTX+0.0232%1h142.71−0.136%$758K$2.7M50xas long as short
GMX AAVE/USD [AAVE-USDC]shortL +0.0252% / S −0.0360%1h142.91+0.002%$111K100x