Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Pacifica−0.029%52s7-day average −0.024% · you buy dearer than you sell

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−$380.379% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.029%, 7d avg −0.024%

Together, before fees+0.175%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	140.71	0.0100	pay 0.0013% / 1h	30m 02s	$343K	$307K	10x
Short	edgeX AAVEUSDC	140.67	0.0100	get 0.0050% / 4h	1h 30m	$108K	$284K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. 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 PacificabpFee edgeXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.024%: −$0.41
Slippage, 4 orders: −$20.92
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.33
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Pacifica: live order book, 16 min ago; edgeX: live order book, 16 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 Pacifica live order book, 16 min ago	4.95 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 16 min ago	3.54 bp	8.1 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0105%	1h	140.67	−0.032%	$7K	$224K	10x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	140.68	−0.024%	$10K	$1K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.70	−0.011%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.71	−0.003%	$51K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.73	+0.011%	$207K	$304K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.72	+0.001%	$78K	—	150x	as long as short
Bybit AAVEUSDT	+0.0012%	8h	140.68	−0.024%	$60.6M	$58.9M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	140.81	+0.068%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.668%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.61	−0.077%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0081%	8h	140.67	−0.032%	$3.9M	$3.6M	50x	as long as short
Variational Omni AAVE	+0.0082%	8h	140.61	−0.073%	$3.6M	$761K	—	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	140.69	−0.017%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	140.81	+0.065%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.62	−0.065%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.62	−0.067%	$808K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.87	+0.111%	$77.5M	$28.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.77	+0.043%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	140.71	long leg	$343K	$307K	10x
Binance AAVEUSDT	+0.0100%	8h	140.72	+0.004%	$63.4M	$160.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.71	−0.003%	$16.2M	$51.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.79	+0.054%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.70	−0.010%	$8.1M	$13.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.70	−0.010%	$22.3M	$22.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.72	+0.004%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.73	+0.011%	$29.0M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.66	−0.039%	—	$43.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.84	+0.089%	$385K	$596K	10x	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	140.67	−0.029%	$108K	$284K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	+0.402%	$447K	$3.1M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.94	+0.160%	$131K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.77	+0.040%	$133K	$365K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.65	−0.049%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.00	+0.206%	$638K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.19	+0.338%	$163K	$108K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.63	−0.063%	$909K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.70	−0.007%	$119K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.77	+0.037%	$171K	$212K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.71	−0.003%	$3.2M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.87	+0.111%	$747K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.76	+0.033%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.77	+0.039%	$3.4M	$1.8M	50x	as long as short