Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.005%

Price spread now: edgeX against 01 Exchange−0.055%117s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. edgeX is 0.055% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$5 a day). The two prices were read 117 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	01 Exchange AAVEUSD	144.46	−0.0072	get 0.0009% / 1h	59m 39s	$11K	$2K	5x
Short	edgeX AAVEUSDC	144.38	0.0100	get 0.0050% / 4h	1h 59m	$104K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against 01 Exchange. 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 01 ExchangebpFee edgeXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $36.12
Price spread: −0.055% → 0.000%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $14.63
Costs to cover: 0.160%
Break-even: 4.2 days

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 3 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 01 Exchange no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit

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 41 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
01 Exchange AAVEUSDlong	−0.0072%	1h	144.46	long leg	$11K	$2K	5x
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.44	−0.016%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.025%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.31	−0.104%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.36	−0.069%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.36	−0.067%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	+0.007%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.192%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.30	−0.110%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	−0.069%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0089%	8h	144.49	+0.021%	$17.3M	$63.9M	50x	as long as short
MEXC AAVE_USDT	+0.0090%	8h	144.55	+0.062%	$26.6M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0091%	8h	144.53	+0.050%	$65.2M	$181.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.73	+0.187%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.51	+0.036%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.38	−0.054%	$803K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.60	+0.098%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.39	−0.048%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.56	+0.072%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.54	+0.055%	$61.8M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.53	+0.048%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.52	+0.042%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.57	+0.076%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.53	+0.048%	$30.1M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.49	+0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	−0.035%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	−0.062%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.38	−0.055%	$104K	$318K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.009%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	−0.042%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.42	−0.028%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.37	−0.061%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.33	−0.090%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.49	+0.024%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.36	−0.069%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.273%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	−0.010%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.37	−0.061%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.54	+0.053%	$200K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0402%	1h	144.35	−0.078%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	+0.048%	$776K	$2.8M	50x	as long as short