Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: BingX against Pacifica−0.179%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.179%, 7d avg −0.023%

Together, before fees+0.138%+ Points / potential airdropPacifica: Active · farm board+$14 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 0.156% cheaper against Pacifica than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	143.91	0.0100	pay 0.0013% / 1h	10m 08s	$328K	$435K	10x
Short	BingX AAVE-USDC	143.65	0.0100	get 0.0100% / 8h	6h 10m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.023%: −$15.55
Slippage, 4 orders: −$28.41
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.97
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Pacifica: live order book, 58 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 Pacifica live order book, 58 min ago	2.73 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.69 bp	14.4 bp −$14	35.1 bp −$351	247.8 bp −$24.8K	653.8 bp −$326.9K

AAVE on 41 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.82	−0.062%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.81	−0.068%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.89	−0.009%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.137%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.70	−0.144%	$244K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.74	−0.120%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.11	+0.141%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.828%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.72	−0.134%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.70	−0.144%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0075%	8h	143.69	−0.151%	$26.6M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0078%	8h	143.68	−0.156%	$64.8M	$184.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0083%	8h	143.63	−0.193%	$17.2M	$64.9M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.87	−0.026%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.87	−0.024%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.90	−0.002%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.80	−0.075%	$800K	$421K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.77	−0.096%	$77.8M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.81	−0.071%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	143.91	long leg	$328K	$435K	10x
Bybit AAVEUSDT	+0.0100%	8h	143.66	−0.172%	$61.4M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.83	−0.054%	$44K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.68	−0.158%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.73	−0.123%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.66	−0.172%	$29.9M	$17.8M	75x	as long as short
BingX AAVE-USDCshort	+0.0100%	8h	143.65	−0.179%	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.72	−0.130%	$320K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.036%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	+0.117%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	+0.037%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.04	+0.092%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.77	−0.096%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.75	−0.112%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.71	−0.137%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.97	+0.041%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.68	−0.158%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.130%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.66	−0.169%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.72	−0.127%	$121K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0249% / S −0.0388%	1h	143.73	−0.125%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.76	+0.592%	$778K	$2.8M	50x	as long as short