Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.300%

Price spread now: BingX against Deribit−0.041%7-day average +0.011% · you buy dearer than you sell

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

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.472%+$47 on $10k

Price spread, last 3 days (all we have)−0.457%−$46 · spread now −0.041%, 7d avg +0.011%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.052% cheaper against Deribit than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.011%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	145.29	−0.0163	get 0.0020% / 1h	56m 00s	$236K	$466K	50x
Short	BingX AAVE-USDT	145.23	0.0100	get 0.0100% / 8h	2h 56m	—	$44.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $55.23
Price spread: −0.041% → +0.011%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $33
Costs to cover: 0.170%
Break-even: 2.8 days

Slippage unknown: Deribit: live order book, 28 min ago; BingX: live order book, 13 min ago. 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 Deribit live order book, 28 min ago	14.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	0.68 bp	5.7 bp −$6	7.9 bp −$79	20.8 bp −$2,084	46.3 bp −$23.1K

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	−0.0276%	1h	145.23	−0.041%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0184%	1h	145.29	0.000%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUALlong	−0.0163%	1h	145.29	long leg	$236K	$466K	50x
Phoenix AAVE	−0.0039%	1h	145.71	+0.289%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	+0.047%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.37	+0.055%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.25	−0.025%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.35	+0.039%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.733%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.19	−0.067%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.29	0.000%	$17.8M	$65.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.26	−0.021%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0076%	1h	145.72	+0.296%	$135K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.29	0.000%	$7.8M	$15.4M	75x	as long as short
Binance AAVEUSDT	+0.0084%	8h	145.25	−0.028%	$66.0M	$180.8M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.15	−0.096%	$32.4M	$25.9M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.44	+0.106%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.37	+0.055%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.32	+0.021%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.19	−0.065%	$814K	$439K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.37	+0.055%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.22	−0.048%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.38	+0.065%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.30	+0.007%	$62.0M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.31	+0.014%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.657%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.18	−0.076%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.16	−0.089%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	145.23	−0.041%	—	$44.3M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.31	+0.014%	$344K	$683K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.790%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.76	+0.322%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	+0.274%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.27	−0.014%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.19	−0.067%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.49	+0.139%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.33	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.20	−0.063%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.29	0.000%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0206%	8h	145.29	0.000%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.45	+0.110%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.25	−0.028%	$125K	—	100x	as long as short