Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: BingX against ApeX Omni+0.366%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.620%−$62 · spread now +0.366%, 7d avg −0.025%

Together, before fees−0.646%−$65 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 0.391% dearer against ApeX Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	142.16	0.0100	pay 0.0013% / 1h	28m 55s	$132K	$220K	50x
Short	BingX AAVE-USDT	142.68	0.0100	get 0.0100% / 8h	4h 28m	—	$43.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.366%Rate

Funding earned: $0
Price spread: +0.366% → −0.025%: $39.05
Slippage, 4 orders: −$19.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$0.8
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 27 min ago; BingX: live order book, 10 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 ApeX Omni live order book, 27 min ago	4.92 bp	13.7 bp −$14	97.6 bp −$976	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.71 bp	7.7 bp −$8	11.5 bp −$115	19.8 bp −$1,978	42.4 bp −$21.2K

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
01 Exchange AAVEUSD	−0.0160%	1h	142.95	+0.556%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.02	+0.604%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.01	+0.598%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.02	+0.605%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	+0.643%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	143.00	+0.594%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.658%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.08	+0.648%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.02	+0.605%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.612%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0085%	1h	142.98	+0.577%	$5K	$292K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.99	+0.585%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	+0.583%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.87	+0.499%	$77.0M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.87	+0.503%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.02	+0.608%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.67	+0.359%	$63.8M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.68	+0.366%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.68	+0.366%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.09	+0.654%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.468%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.71	+0.387%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.69	+0.373%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.71	+0.387%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.59	+0.302%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	142.68	+0.366%	—	$43.8M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.89	+0.514%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	+0.380%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	+0.349%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.415%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	142.16	long leg	$132K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.10	+0.661%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.11	+0.666%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.17	+0.712%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.95	+0.556%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.62	+0.326%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.04	+0.619%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.05	+0.625%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	+0.661%	$3.4M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.08	+0.646%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.09	+0.657%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.654%	$793K	$2.8M	50x	as long as short