Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.031%

Price spread now: 01 Exchange against edgeX−0.061%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.061% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	145.77	0.0100	pay 0.0050% / 4h	23m 28s	$105K	$316K	20x
Short	01 Exchange AAVEUSD	145.68	−0.0016	pay 0.0002% / 1h	23m 28s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$24.36
Price spread: −0.061% → 0.000%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$46.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 55 min ago; 01 Exchange: 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, 55 min ago	3.79 bp	8.3 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.57	−0.136%	$254K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0065%	1h	145.56	−0.143%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	+0.118%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSDshort	−0.0016%	1h	145.68	−0.061%	$11K	$2K	5x
dYdX AAVE-USD	0.0000%	1h	145.79	+0.014%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.70	−0.047%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.66	−0.073%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.75	−0.010%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.043%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.66	−0.073%	$66.4M	$186.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0041%	8h	145.67	−0.067%	$29.8M	$26.0M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.099%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.72	−0.033%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.68	−0.061%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	145.64	−0.088%	$17.9M	$67.5M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.61	−0.112%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.84	+0.053%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.70	−0.049%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.63	−0.095%	$801K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.015%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.80	+0.022%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.70	−0.048%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.74	−0.019%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.67	−0.067%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.207%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.69	−0.054%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.62	−0.102%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.70	−0.047%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.67	−0.067%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.206%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	145.77	long leg	$105K	$316K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.181%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.033%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.74	−0.019%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.57	−0.133%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	−0.025%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.62	−0.102%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.64	−0.091%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.71	−0.043%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.77	+0.001%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.70	−0.044%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	+0.166%	$786K	$3.0M	50x	as long as short