Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.012%

Price spread now: BingX against Injective+6.155%87s7-day average — · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 6.155% dearer against Injective than usual: you sell high and buy low: +$616 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	57m 57s	$422	$51K	12x
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 Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +6.155%Rate

Funding earned: $14
Price spread: +6.155% → 0.000%: $615.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $619.49
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 11 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 Injective no order-book sample	—	—	—	—	—
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

Injective: 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
Deribit AAVE_USDC-PERPETUAL	−0.4696%	1h	144.85	+5.761%	$231K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0298%	1h	145.42	+6.177%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.69	+6.374%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.99	+6.593%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.67	+6.361%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.56	+6.279%	$69K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.69	+6.370%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.58	+6.291%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	145.59	+6.299%	—	—	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	145.33	+6.111%	$17.8M	$65.6M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0059%	1h	146.32	+6.834%	$136K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.55	+6.272%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0083%	8h	145.34	+6.119%	$7.8M	$15.4M	75x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.37	+6.140%	$66.0M	$180.8M	75x	as long as short
MEXC AAVE_USDT	+0.0087%	8h	145.31	+6.097%	$32.7M	$25.9M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.59	+6.305%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.68	+6.368%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.60	+6.312%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.58	+6.294%	$817K	$441K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.50	+6.235%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.48	+6.223%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.64	+6.338%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.39	+6.155%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.61	+6.316%	$51K	$299K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+6.779%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.47	+6.213%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.30	+6.089%	$29.8M	$17.7M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	145.39	+6.155%	—	$44.3M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.44	+6.192%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+6.920%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.30	+6.819%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.29	+6.813%	$463K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.76	+6.425%	$128K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.54	+6.262%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	+6.402%	$743K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.47	+6.213%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.30	+6.088%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.58	+6.294%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0208%	8h	145.63	+6.330%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.72	+6.396%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.66	+6.352%	$135K	—	100x	as long as short