Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: BingX against Bybit−0.055%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.055%, 7d avg +0.010%

Together, before fees+0.147%+$15 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: BingX is 0.064% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	146.27	0.0100	pay 0.0100% / 8h	33m 15s	$62.4M	$65.9M	75x
Short	BingX AAVE-USDC	146.19	0.0100	get 0.0100% / 8h	33m 15s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.010%: −$6.42
Slippage, 4 orders: −$27.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$54.46
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 2 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 Bybit live order book, 1 min ago	0.34 bp	9.0 bp −$9	14.8 bp −$148	59.8 bp −$5,976	doesn't fit
Sell BingX live order book, 2 min ago	0.68 bp	14.8 bp −$15	39.0 bp −$390	255.0 bp −$25.5K	650.1 bp −$325.1K

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
SoDEX AAVE-USD	−0.0066%	1h	146.27	0.000%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.164%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	−0.092%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.28	+0.007%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	−0.075%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.32	+0.034%	$256K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.36	+0.060%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.32	+0.031%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.365%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0039%	8h	146.27	0.000%	$66.6M	$185.9M	75x	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	+0.0040%	8h	146.26	−0.007%	$30.5M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.25	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.29	+0.014%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.23	−0.027%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.33	+0.044%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.49	+0.152%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.19	−0.057%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.099%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.44	+0.116%	$80.8M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	−0.014%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.19	−0.055%	$334K	$504K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	146.27	long leg	$62.4M	$65.9M	75x
Arcus AAVE-USD	+0.0100%	1h	146.26	−0.007%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.267%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.27	0.000%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.21	−0.041%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDCshort	+0.0100%	8h	146.19	−0.055%	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.22	−0.034%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	−0.097%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.402%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.396%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	−0.109%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.31	+0.027%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.25	−0.012%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.27	−0.001%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.28	+0.007%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.014%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.29	+0.011%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	−0.007%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.32	+0.034%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.38	+0.075%	$789K	$3.0M	50x	as long as short