Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: BingX against OKX+0.035%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.035%, 7d avg +0.003%

Together, before fees+0.049%+$5 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 0.032% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	142.71	0.0100	pay 0.0100% / 8h	4h 29m	$17.1M	$64.1M	50x
Short	BingX AAVE-USDT	142.76	0.0100	get 0.0100% / 8h	4h 29m	—	$43.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.003%: $3.23
Slippage, 4 orders: −$9.54
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.32
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 5 min ago	0.35 bp	8.0 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.71 bp	7.7 bp −$8	11.5 bp −$115	19.8 bp −$1,978	42.4 bp −$21.2K

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
01 Exchange AAVEUSD	−0.0160%	1h	142.95	+0.168%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.02	+0.217%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.01	+0.210%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.02	+0.217%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	+0.255%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	143.00	+0.207%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.029%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.08	+0.260%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.02	+0.217%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.224%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0085%	1h	142.98	+0.189%	$5K	$292K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.99	+0.197%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	+0.196%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.87	+0.112%	$77.0M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.10	+0.273%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.02	+0.220%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.70	−0.007%	$63.9M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.68	−0.021%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0100%	8h	142.71	long leg	$17.1M	$64.1M	50x
Arcus AAVE-USD	+0.0100%	1h	143.09	+0.266%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.851%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.83	+0.084%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.89	+0.126%	$25.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.98	+0.189%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.69	−0.014%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	142.76	+0.035%	—	$43.8M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.89	+0.126%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	−0.007%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	−0.037%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.028%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.16	−0.385%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.10	+0.273%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.11	+0.278%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.17	+0.324%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.95	+0.168%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.93	+0.152%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.04	+0.232%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.05	+0.238%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	+0.273%	$3.4M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.08	+0.259%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.09	+0.269%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.266%	$793K	$2.8M	50x	as long as short