Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against BingX+0.070%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.070% dearer against BingX than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	145.00	0.0100	pay 0.0100% / 8h	2h 45m	—	$44.3M	—
Short	gTrade (Gains Network) AAVE/USD	145.10	L +0.0005% / S −0.0004%	get 0.0000% / 1h	45m 50s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.070%Rate

Funding earned: −$20.19
Price spread: +0.070% → 0.000%: $6.97
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 8 min ago	0.69 bp	5.7 bp −$6	8.8 bp −$88	20.6 bp −$2,057	43.5 bp −$21.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0370%	1h	145.01	+0.007%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0186%	1h	144.95	−0.034%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	+0.055%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	+0.076%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.16	+0.111%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.20	+0.138%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	145.10	+0.070%	$70K	—	150x
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.16	+0.108%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0019%	1h	145.02	+0.014%	$135K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.545%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.06	+0.038%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.95	−0.034%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	145.01	+0.007%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	144.99	−0.007%	$7.7M	$15.6M	75x	as long as short
Nado AAVE-PERP	+0.0077%	1h	145.08	+0.053%	$805K	$444K	10x	as long as short
Binance AAVEUSDT	+0.0078%	8h	144.98	−0.016%	$65.9M	$181.8M	75x	as long as short
MEXC AAVE_USDT	+0.0079%	8h	145.00	0.000%	$32.2M	$26.1M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.17	+0.115%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.15	+0.104%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.08	+0.054%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.12	+0.083%	$81.1M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.05	+0.031%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.10	+0.072%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.02	+0.014%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.10	+0.069%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	+0.095%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.96	−0.028%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.98	−0.014%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	145.00	long leg	—	$44.3M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.05	+0.034%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.98	−0.017%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.18	+0.124%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.21	+0.145%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.12	+0.083%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.96	−0.031%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.36	+0.251%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.04	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.00	−0.003%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.03	+0.019%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0199%	8h	145.12	+0.083%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.303%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.10	+0.072%	$125K	—	100x	as long as short