Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.025%

Price spread now: edgeX against Gate+0.188%82s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.453% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now +0.188%, 7d avg −0.006%

Together, before fees+0.158%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.194% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 82 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	Gate AAVE_USDT	144.40	0.0052	pay 0.0052% / 8h	2h 21m	$7.7M	$15.9M	75x
Short	edgeX AAVEUSDC	144.67	0.0100	get 0.0050% / 4h	2h 21m	$101K	$312K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.188%Rate

Funding earned: $10.08
Price spread: +0.188% → −0.006%: $19.42
Slippage, 4 orders: −$21.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.76
Costs to cover: 0.453%
Break-even: 17.9 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 1 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 Gate live order book, 2 min ago	3.46 bp	14.6 bp −$15	31.4 bp −$314	47.9 bp −$4,791	53.8 bp −$26.9K
Sell edgeX live order book, 1 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	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
Deribit AAVE_USDC-PERPETUAL	−0.0373%	1h	144.45	+0.035%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0192%	1h	144.41	+0.007%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	144.38	−0.014%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.277%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	+0.049%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.40	0.000%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.52	+0.084%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.52	+0.084%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.152%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.45	+0.038%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.242%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.29	−0.076%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.41	+0.007%	$18K	$12K	10x	as long as short
Gate AAVE_USDTlong	+0.0052%	8h	144.40	long leg	$7.7M	$15.9M	75x
Binance AAVEUSDT	+0.0054%	8h	144.32	−0.056%	$65.7M	$184.4M	75x	as long as short
MEXC AAVE_USDT	+0.0056%	8h	144.38	−0.014%	$31.4M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0091%	1h	144.34	−0.042%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.248%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.62	+0.150%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.46	+0.042%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.42	+0.016%	$180K	$243K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	−0.005%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.51	+0.076%	$80.3M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.51	+0.079%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	−0.004%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.35	−0.035%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.39	−0.007%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.072%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.47	+0.048%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.35	−0.035%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.40	0.000%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.53	+0.090%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.325%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.67	+0.188%	$101K	$312K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.54	+0.097%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.44	+0.028%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.75	+0.245%	$720K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.45	+0.035%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.40	−0.002%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0176%	8h	144.42	+0.014%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.028%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.54	+0.094%	$124K	—	100x	as long as short