Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Pacifica against BingX−0.079%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now −0.079%, 7d avg +0.023%

Together, before fees+0.291%+ Points / potential airdropPacifica: Active · farm board+$29 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: Pacifica is 0.102% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	143.60	0.0100	pay 0.0100% / 8h	5h 45m	—	$43.9M	—
Short	Pacifica AAVE	143.49	0.0100	get 0.0013% / 1h	45m 27s	$327K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.023%: −$10.23
Slippage, 4 orders: −$10.97
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$39.19
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Pacifica: live order book, 18 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, 8 min ago	0.35 bp	6.9 bp −$7	9.3 bp −$93	20.2 bp −$2,019	43.3 bp −$21.7K
Sell Pacifica live order book, 18 min ago	3.12 bp	7.8 bp −$8	doesn't fit	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
01 Exchange AAVEUSD	−0.0064%	1h	143.60	0.000%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	−0.032%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.15	−0.313%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.50	−0.070%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.46	−0.099%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.624%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.44	−0.111%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.084%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0094%	8h	143.60	0.000%	$17.2M	$63.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.66	+0.044%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.55	−0.035%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0099%	8h	143.56	−0.028%	$64.4M	$183.2M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	−0.027%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	−0.066%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	+0.082%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.45	−0.105%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	143.49	−0.079%	$327K	$433K	10x
Bybit AAVEUSDT	+0.0100%	8h	143.62	+0.014%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.63	+0.021%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.030%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.58	−0.014%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.64	+0.028%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.61	+0.007%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	143.60	long leg	—	$43.9M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.46	−0.097%	$320K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.160%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.01	−0.407%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.436%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	−0.209%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	0.000%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.42	−0.123%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.38	−0.153%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.57	−0.021%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.39	−0.146%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.58	−0.015%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.49	−0.073%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.67	+0.048%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0218%	8h	143.01	−0.411%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.44	−0.112%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.40	−0.142%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.37	−0.160%	$776K	$2.8M	50x	as long as short