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: Aevo against BingX+0.024%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on BingX Short on Aevo

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)+0.282%+$28 · spread now +0.024%, 7d avg +0.019%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	144.33	0.0100	pay 0.0100% / 8h	2h 14m	—	$43.9M	—
Short	Aevo AAVE-PERP	144.37	0.0096	get 0.0012% / 1h	14m 53s	$122K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.84
Price spread: +0.024% → +0.019%: $0.52
Slippage, 4 orders: −$85.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$111.6
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Aevo: live order book, 9 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 BingX live order book, 9 min ago	0.69 bp	5.7 bp −$6	5.7 bp −$57	17.9 bp −$1,787	45.3 bp −$22.6K
Sell Aevo live order book, 9 min ago	34.26 bp	51.0 bp −$51	290.8 bp −$2,908	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
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.37	+0.028%	$254K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0161%	1h	144.33	0.000%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.37	+0.028%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	−0.042%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.28	−0.033%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.24	−0.062%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.37	+0.029%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.48	+0.101%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.106%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.30	−0.023%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.33	0.000%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0049%	8h	144.32	−0.008%	$65.7M	$184.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.32	−0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.30	−0.021%	$17.4M	$66.1M	50x	as long as short
Gate AAVE_USDT	+0.0056%	8h	144.34	+0.007%	$7.8M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0061%	1h	144.10	−0.159%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	−0.101%	$451K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	144.30	−0.017%	$801K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.54	+0.144%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERPshort	+0.0096%	1h	144.37	+0.024%	$122K	$146	10x
RISEx AAVE/USDC	+0.0097%	1h	144.33	+0.003%	$180K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.28	−0.036%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.47	+0.097%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	+0.013%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.30	−0.018%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.35	+0.014%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	−0.014%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.39	+0.042%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.30	−0.021%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	144.33	long leg	—	$43.9M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.48	+0.104%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	−0.043%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.15	−0.122%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.048%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.32	−0.009%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.43	+0.067%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.29	−0.028%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.003%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.29	−0.028%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.30	−0.021%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.125%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.37	+0.026%	$124K	—	100x	as long as short