Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: ApeX Omni against BingX−0.256%53s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.593% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.743%+$74 · spread now −0.256%, 7d avg +0.027%

Together, before fees+0.769%+$77 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: ApeX Omni is 0.283% cheaper against BingX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 53 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	BingX AAVE-USDC	144.35	0.0100	pay 0.0100% / 8h	6h 30m	—	$6.5M	—
Short	ApeX Omni AAVEUSDT	143.98	0.0100	get 0.0013% / 1h	30m 30s	$134K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.256%Rate

Funding earned: $0
Price spread: −0.256% → +0.027%: −$28.31
Slippage, 4 orders: −$39.35
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$87.66
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; ApeX Omni: live order book, 36 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, 10 min ago	0.70 bp	15.3 bp −$15	38.6 bp −$386	253.4 bp −$25.3K	649.6 bp −$324.8K
Sell ApeX Omni live order book, 36 min ago	7.22 bp	14.7 bp −$15	107.7 bp −$1,077	doesn't fit	doesn't fit

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 AAVEUSD	−0.0056%	1h	144.40	+0.035%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.32	−0.023%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	−0.077%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.18	−0.118%	$65K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.20	−0.104%	$250K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.27	−0.054%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.236%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.120%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.21	−0.097%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.39	+0.029%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0052%	8h	144.30	−0.035%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0053%	8h	144.43	+0.055%	$65.1M	$184.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	144.38	+0.021%	$17.4M	$65.5M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.44	+0.062%	$187K	$230K	10x	as long as short
Gate AAVE_USDT	+0.0091%	8h	144.36	+0.007%	$7.8M	$15.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.41	+0.042%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.22	−0.092%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.20	−0.101%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.35	0.000%	$803K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.31	−0.028%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.23	−0.081%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.27	−0.055%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.40	+0.035%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.42	+0.048%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.591%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.23	−0.083%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.38	+0.021%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	144.35	long leg	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.33	−0.014%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.144%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.306%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	−0.330%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	143.98	−0.256%	$134K	$230K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.46	+0.076%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.22	−0.093%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.19	−0.111%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.53	+0.128%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.17	−0.125%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.31	−0.026%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0237% / S −0.0360%	1h	144.25	−0.068%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.38	+0.021%	$773K	$2.8M	50x	as long as short