Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.029%

Price spread now: 01 Exchange against BingX−0.075%7-day average — · you buy dearer than you sell

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

Long on BingX Short on 01 Exchange

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.075% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	146.22	0.0100	pay 0.0100% / 8h	7h 42m	—	$44.1M	—
Short	01 Exchange AAVEUSD	146.11	−0.0128	pay 0.0016% / 1h	42m 17s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.075%Rate

Funding earned: −$47.88
Price spread: −0.075% → 0.000%: −$7.52
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$72.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; 01 Exchange: 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, 7 min ago	3.42 bp	9.4 bp −$9	11.9 bp −$119	23.9 bp −$2,393	48.5 bp −$24.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phemex AAVEUSDT	−0.0256%	8h	146.24	+0.014%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.45	+0.157%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSDshort	−0.0128%	1h	146.11	−0.075%	$11K	$2K	5x
SoDEX AAVE-USD	−0.0057%	1h	146.31	+0.062%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.021%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	−0.007%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.280%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.35	+0.089%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.31	+0.062%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.16	−0.041%	$29.3M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0025%	8h	146.23	+0.007%	$66.3M	$186.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.333%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	−0.060%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.28	+0.041%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.287%	$136K	$230K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.29	+0.048%	$17.9M	$67.4M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.31	+0.058%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	145.86	−0.246%	$457K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.22	0.000%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.26	+0.025%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.07	−0.105%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.04	−0.120%	$799K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.25	+0.021%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.18	−0.029%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.07	−0.103%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.29	+0.048%	$62.5M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.12	−0.068%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.116%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.23	+0.007%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.11	−0.075%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.27	+0.034%	$30.4M	$18.2M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	146.22	long leg	—	$44.1M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.28	+0.041%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.402%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.326%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.21	−0.007%	$128K	$434K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.08	−0.093%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.161%	$699K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	+0.024%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.15	−0.049%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.27	+0.035%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.096%	$786K	$3.1M	50x	as long as short