Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against BingX+0.008%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	146.20	0.0100	pay 0.0100% / 8h	7h 20m	—	$44.1M	—
Short	Extended AAVE-USD	146.21	0.0104	get 0.0013% / 1h	20m 12s	$939K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.84
Price spread: +0.008% → 0.000%: $0.8
Slippage, 4 orders: −$10.55
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.9
Costs to cover: 0.255%
Break-even: 206.2 days

Slippage from BingX: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago	0.68 bp	5.7 bp −$6	8.0 bp −$80	23.2 bp −$2,321	65.0 bp −$32.5K
Sell Extended live order book, 3 min ago	3.07 bp	6.4 bp −$6	20.5 bp −$205	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.37	+0.115%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	146.30	+0.068%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0092%	1h	146.25	+0.034%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.27	+0.048%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.41	+0.142%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.34	+0.096%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.78	+0.397%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	+0.102%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0007%	8h	146.19	−0.007%	$7.9M	$15.3M	75x	as long as short
Phemex AAVEUSDT	+0.0009%	8h	146.36	+0.109%	$4.2M	$3.8M	50x	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	+0.0020%	8h	146.23	+0.021%	$29.0M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0021%	8h	146.24	+0.028%	$66.3M	$183.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.320%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.23	+0.019%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.27	+0.048%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.15	−0.034%	$18.0M	$66.3M	50x	as long as short
Bybit AAVEUSDT	+0.0071%	8h	146.18	−0.014%	$62.6M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0072%	1h	146.58	+0.260%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0084%	8h	146.49	+0.198%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.74	+0.370%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.39	+0.131%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.20	+0.002%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.24	+0.027%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	+0.051%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.36	+0.111%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.28	+0.058%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.068%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	+0.107%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.29	+0.062%	$10.4M	$8.9M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.25	+0.034%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	146.20	long leg	—	$44.1M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.26	+0.041%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.165%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.55	+0.242%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	+0.288%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.33	+0.089%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.29	+0.064%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.177%	$712K	$5.2M	75x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	146.21	+0.008%	$939K	$1.7M	50x
RISEx AAVE/USDC	+0.0107%	1h	146.33	+0.092%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.34	+0.096%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.44	+0.164%	$785K	$2.9M	50x	as long as short