Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: BingX against Aevo+0.041%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1091.094% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.525%−$52 · spread now +0.041%, 7d avg −0.020%

Together, before fees−0.556%−$56 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.061% dearer against Aevo than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	145.31	0.0104	pay 0.0013% / 1h	57m 14s	$123K	$146	10x
Short	BingX AAVE-USDT	145.37	0.0100	get 0.0100% / 8h	2h 57m	—	$44.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aevo. 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 AevobpFee BingXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → −0.020%: $6.14
Slippage, 4 orders: −$83.39
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$104.09
Costs to cover: 1.094%
Break-even: never at this rate

Slippage from Aevo: live order book, 31 min ago; BingX: live order book, 12 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 Aevo live order book, 31 min ago	32.14 bp	50.1 bp −$50	272.0 bp −$2,720	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.68 bp	5.7 bp −$6	7.9 bp −$79	20.8 bp −$2,084	46.3 bp −$23.1K

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	−0.0782%	1h	145.21	−0.069%	$232K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0292%	1h	145.30	−0.007%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.32	+0.007%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.275%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	+0.033%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	+0.007%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	+0.018%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.43	+0.085%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.746%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.27	−0.026%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.41	+0.069%	$17.8M	$65.5M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.23	−0.055%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0076%	1h	145.72	+0.282%	$135K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.28	−0.021%	$7.8M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.32	+0.007%	$32.6M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.35	+0.028%	$66.0M	$180.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.54	+0.162%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	+0.055%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.031%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.31	+0.003%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.52	+0.145%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.29	−0.017%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	+0.037%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.41	+0.069%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.37	+0.041%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.643%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.29	−0.014%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.35	+0.028%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	145.37	+0.041%	—	$44.3M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.46	+0.103%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.776%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.76	+0.308%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	+0.260%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.39	+0.055%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.21	−0.071%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.78	+0.322%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.43	+0.083%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.27	−0.025%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	145.31	long leg	$123K	$146	10x
BloFin AAVE-USDT	+0.0206%	8h	145.29	−0.014%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.57	+0.179%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.32	+0.009%	$135K	—	100x	as long as short