Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.022%

Price spread now: edgeX against Orderly+0.107%49s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.107% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Orderly PERP_AAVE_USDC	144.36	0.0043	pay 0.0043% / 8h	6h 47m	$18K	$10K	10x
Short	edgeX AAVEUSDC	144.51	0.0100	get 0.0050% / 4h	2h 47m	$104K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $11.87
Price spread: +0.107% → 0.000%: $10.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.59
Costs to cover: 0.150%
Break-even: 2.5 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 21 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 21 min ago	3.42 bp	8.0 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit

Orderly: 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	−1.9765%	1h	141.50	−1.981%	$246K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	144.49	+0.090%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.49	+0.092%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	−0.0033%	1h	144.58	+0.152%	$134K	$230K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.45	+0.061%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.67	+0.215%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	+0.035%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.222%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.126%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0039%	8h	144.48	+0.083%	$27.6M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	144.45	+0.062%	$65.2M	$185.1M	75x	as long as short
Orderly PERP_AAVE_USDClong	+0.0043%	8h	144.36	long leg	$18K	$10K	10x
Reya AAVERUSDPERP	+0.0044%	1h	144.29	−0.047%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	144.39	+0.021%	$17.5M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.42	+0.041%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.51	+0.104%	$183K	$231K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.59	+0.156%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.47	+0.077%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.47	+0.076%	$800K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.64	+0.194%	$78.6M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.56	+0.139%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.46	+0.066%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.43	+0.048%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.49	+0.090%	$45K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.055%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.43	+0.048%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.42	+0.042%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.42	+0.042%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.42	+0.042%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.50	+0.097%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.23	−0.088%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.51	+0.107%	$104K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	+0.127%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.47	+0.076%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.35	−0.009%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.42	+0.042%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.78	+0.287%	$703K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.40	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.39	+0.019%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.118%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.38	+0.012%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.89	+0.367%	$777K	$2.9M	50x	as long as short