Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: BingX against Extended−0.031%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.031%, 7d avg +0.048%

Together, before fees+0.036%+ Points / potential airdropExtended: Active · farm board+$4 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 0.079% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	142.52	0.0104	pay 0.0013% / 1h	43m 26s	$906K	$1.7M	50x
Short	BingX AAVE-USDT	142.48	0.0100	get 0.0100% / 8h	1h 43m	—	$43.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$0.84
Price spread: −0.031% → +0.048%: −$7.86
Slippage, 4 orders: −$11.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.8
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Extended: live order book, 5 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 Extended live order book, 5 min ago	2.45 bp	6.5 bp −$6	19.2 bp −$192	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.70 bp	7.8 bp −$8	10.9 bp −$109	21.6 bp −$2,160	48.6 bp −$24.3K

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
dYdX AAVE-USD	0.0000%	1h	142.51	−0.013%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.59	+0.047%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.48	−0.031%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.50	−0.016%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.904%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.060%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0059%	1h	142.56	+0.029%	$827K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.48	−0.031%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.80	+0.194%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.53	+0.006%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.39	−0.096%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.51	−0.008%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.49	−0.024%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.50	−0.017%	$64.2M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.47	−0.038%	$61.3M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.46	−0.045%	$17.0M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	+0.054%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.252%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.47	−0.038%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.49	−0.024%	$25.0M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.49	−0.024%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.45	−0.052%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	142.48	−0.031%	—	$43.4M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.54	+0.011%	$335K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.129%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.55	+0.021%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.164%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.58	+0.040%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.53	+0.004%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.47	−0.040%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.47	−0.038%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.208%	$678K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.49	−0.024%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	142.52	long leg	$906K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.50	−0.017%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0136%	1h	142.55	+0.018%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0198%	1h	142.62	+0.068%	$78.0M	$37.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.77	+0.173%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	−0.003%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.55	+0.017%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	+0.124%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.59	+0.048%	$3.4M	$2.1M	50x	as long as short