Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.055%

Price spread now: edgeX against SoDEX+0.427%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$17as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.512%−$51 · spread now +0.427%, 7d avg −0.001%

Together, before fees−0.424%+ Points / potential airdropedgeX: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.428% dearer against SoDEX than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	145.49	−0.0043	get 0.0005% / 1h	5m 18s	$5K	$302K	10x
Short	edgeX AAVEUSDC	146.11	0.0100	get 0.0050% / 4h	3h 05m	$105K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now +0.427%Rate

Funding earned: $30.05
Price spread: +0.427% → −0.001%: $42.8
Slippage, 4 orders: −$9.28
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $46.58
Costs to cover: 0.263%
Break-even: from the start

Slippage from SoDEX: live order book, 3 min ago; edgeX: live order book, 3 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 SoDEX live order book, 3 min ago	0.34 bp	5.3 bp −$5	10.8 bp −$108	99.6 bp −$9,961	doesn't fit
Sell edgeX live order book, 3 min ago	3.42 bp	8.0 bp −$8	12.0 bp −$120	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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.60	+0.072%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.50	+0.007%	$11K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0043%	1h	145.49	long leg	$5K	$302K	10x
dYdX AAVE-USD	0.0000%	1h	145.45	−0.027%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.74	+0.172%	$70K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.22	+0.502%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.52	+0.021%	$254K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.51	+0.012%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0026%	8h	145.52	+0.021%	$28.4M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0027%	8h	145.49	−0.003%	$65.9M	$183.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.863%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	145.49	0.000%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.45	−0.029%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	145.51	+0.014%	$17.7M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0065%	1h	146.47	+0.674%	$136K	$231K	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.53	+0.027%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.63	+0.095%	$4.7M	$1.5M	10x	as long as short
Phemex AAVEUSDT	+0.0099%	8h	145.54	+0.034%	$4.2M	$3.8M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.47	−0.011%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.47	−0.014%	$797K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.59	+0.069%	$79.3M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.49	0.000%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.47	−0.017%	$332K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.50	+0.007%	$62.3M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.51	+0.014%	$46K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.47	−0.014%	$7.9M	$15.4M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.52	+0.021%	$11.0M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.48	−0.007%	$30.2M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.49	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.49	0.000%	$332K	$743K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	−0.077%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	146.11	+0.427%	$105K	$317K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.52	+0.708%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.53	+0.027%	$126K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.47	−0.017%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.60	+0.076%	$707K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.543%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.47	−0.015%	$934K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0105%	8h	146.17	+0.467%	$3.5M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.53	+0.027%	$184K	$245K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	145.51	+0.014%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.639%	$784K	$2.9M	50x	as long as short