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% APRpaid last 24h −0.011%

Price spread now: BingX against edgeX−0.621%100s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.285% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)+0.377%+$38 · spread now −0.621%, 7d avg +0.004%

Together, before fees+0.338%+ Points / potential airdropedgeX: Active · farm board+$34 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 0.626% cheaper against edgeX than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	146.30	0.0100	pay 0.0050% / 4h	2h 57m	$101K	$312K	20x
Short	BingX AAVE-USDT	145.39	0.0100	get 0.0100% / 8h	2h 57m	—	$44.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.621%Rate

Funding earned: $0
Price spread: −0.621% → +0.004%: −$62.55
Slippage, 4 orders: −$9.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.07
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; BingX: live order book, 11 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 edgeX live order book, 30 min ago	3.72 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell BingX live order book, 11 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
Deribit AAVE_USDC-PERPETUAL	−0.4696%	1h	144.85	−0.990%	$231K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0298%	1h	145.42	−0.601%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.69	−0.416%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.99	−0.211%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	−0.643%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.56	−0.505%	$69K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.69	−0.420%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.58	−0.494%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.383%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.59	−0.486%	—	—	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	+0.0055%	8h	145.23	−0.731%	$17.8M	$65.4M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0059%	1h	146.32	+0.015%	$136K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.55	−0.512%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0083%	8h	145.34	−0.655%	$7.8M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.24	−0.724%	$32.6M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.26	−0.713%	$66.0M	$180.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.55	−0.511%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.68	−0.421%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.707%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.58	−0.491%	$817K	$441K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.48	−0.560%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.33	−0.665%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	−0.639%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.28	−0.696%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.61	−0.471%	$51K	$299K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	−0.037%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.35	−0.649%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.30	−0.683%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	145.39	−0.621%	—	$44.3M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.44	−0.587%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.095%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	146.30	long leg	$101K	$312K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.29	−0.006%	$463K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.76	−0.368%	$128K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.54	−0.521%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	−0.390%	$743K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.47	−0.566%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.30	−0.684%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.58	−0.491%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0208%	8h	145.63	−0.457%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.72	−0.396%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.66	−0.437%	$135K	—	100x	as long as short