Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against dYdX−0.039%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$2912.910% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.039%, 7d avg −0.023%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	141.94	0	get 0.0000% / 1h	21m 38s	$102K	$6K	10x
Short	BingX AAVE-USDT	141.88	0.0100	get 0.0100% / 8h	6h 21m	—	$43.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → −0.023%: −$1.67
Slippage, 4 orders: −$271.03
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$271.7
Costs to cover: 2.910%
Break-even: 97.6 days

Slippage from dYdX: live order book, 30 min ago; BingX: live order book, 10 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 dYdX live order book, 30 min ago	114.61 bp	153.2 bp −$153	183.2 bp −$1,832	278.7 bp −$27.9K	702.4 bp −$351.2K
Sell BingX live order book, 10 min ago	0.71 bp	5.7 bp −$6	7.1 bp −$71	18.7 bp −$1,871	57.5 bp −$28.7K

AAVE on 42 exchanges

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	−0.0106%	1h	141.81	−0.089%	$6K	$241K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0070%	1h	141.55	−0.272%	$132K	$221K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	141.94	long leg	$102K	$6K	10x
01 Exchange AAVEUSD	0.0000%	1h	141.75	−0.131%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.76	−0.124%	$42K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.88	−0.039%	$210K	$356K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.87	−0.048%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.506%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.81	−0.088%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0053%	8h	141.85	−0.060%	$3.9M	$3.6M	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AAVEUSDT	+0.0059%	8h	141.90	−0.025%	$61.1M	$62.4M	75x	as long as short
Phoenix AAVE	+0.0062%	1h	141.72	−0.152%	$4K	$97K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.82	−0.082%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.13	+0.133%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.89	−0.035%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.86	−0.053%	$814K	$320K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.12	+0.130%	$78.0M	$31.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.93	−0.003%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.94	+0.006%	$346K	$340K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.91	−0.018%	$63.9M	$171.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.89	−0.032%	$16.5M	$55.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.10	+0.116%	$95K	$209K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.80	−0.096%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.90	−0.025%	$8.1M	$14.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.91	−0.018%	$22.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.94	+0.003%	$10.3M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.86	−0.053%	$29.3M	$16.7M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	141.88	−0.039%	—	$43.3M	—
Variational Omni AAVE	+0.0100%	8h	141.57	−0.261%	$3.7M	$727K	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.58	−0.252%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.85	−0.063%	$453K	$3.3M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.96	+0.017%	$134K	$402K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.77	−0.114%	$2K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.89	−0.032%	$662K	$1.5M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.84	−0.069%	$916K	$1.6M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.89	−0.032%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0106%	1h	142.04	+0.073%	$389K	$634K	10x	as long as short
RISEx AAVE/USDC	+0.0164%	1h	141.92	−0.010%	$172K	$204K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0176%	1h	141.95	+0.012%	$3.4M	$1.9M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.57	−0.258%	$3.3M	$3.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	141.73	−0.145%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.87	−0.045%	$110K	—	100x	as long as short