Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.018%

Price spread now: BingX against gTrade (Gains Network)−0.003%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	gTrade (Gains Network) AAVE/USD	146.22	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	56m 42s	$71K	—	150x
Short	BingX AAVE-USDT	146.21	0.0100	get 0.0100% / 8h	56m 42s	—	$43.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $19.96
Price spread: −0.003% → 0.000%: −$0.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$0.39
Costs to cover: 0.200%
Break-even: 7.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 7 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	0.69 bp	6.1 bp −$6	9.4 bp −$94	21.3 bp −$2,128	51.4 bp −$25.7K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phoenix AAVE	−0.0045%	1h	146.30	+0.058%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.19	−0.017%	$256K	$417K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.048%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.19	−0.017%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	−0.003%	$74K	$1.5M	3.4x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	146.17	−0.031%	$5K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.28	+0.042%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	146.22	long leg	$71K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.330%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.19	−0.017%	$30.6M	$25.5M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0042%	8h	146.34	+0.085%	$66.7M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.14	−0.052%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.15	−0.044%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	146.37	+0.106%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.22	+0.003%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.19	−0.014%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.57	+0.241%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.18	−0.026%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.062%	$809K	$437K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	+0.026%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.37	+0.103%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.38	+0.113%	$62.5M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.038%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.291%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.20	−0.010%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.32	+0.072%	$30.6M	$18.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	146.21	−0.003%	—	$43.9M	—
Variational Omni AAVE	+0.0100%	8h	145.55	−0.458%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.73	−0.330%	$105K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.415%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.79	−0.291%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.22	+0.003%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.16	−0.036%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.091%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.072%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.19	−0.016%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.20	−0.007%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.17	−0.031%	$3.5M	$4.0M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0219%	1h	146.27	+0.038%	$353K	$733K	10x	as long as short
Hyperliquid AAVE	+0.0249%	1h	146.50	+0.195%	$80.9M	$34.2M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.22	+0.002%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.147%	$795K	$3.1M	50x	as long as short