Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.61 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against BingX+0.178%66s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.470% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.178%, 7d avg +0.021%
Together, before fees+0.169%+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.157% dearer against BingX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AAVE-USDC145.800.0100pay 0.0100% / 8h26m 09s$6.5M
ShortBloFin AAVE-USDT146.060.0161get 0.0161% / 8h26m 09s$3.5M$4.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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

Funding earned
$12.83
Price spread: +0.178% → +0.021%
$15.75
Slippage, 4 orders
−$24.95
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$18.38
Costs to cover
0.470%
Break-even
17.0 days
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago0.68 bp16.2 bp −$1635.7 bp −$357229.1 bp −$22.9K555.5 bp −$277.7K
Sell BloFin live order book, 2 min ago1.03 bp7.1 bp −$712.3 bp −$12328.1 bp −$2,814doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0093%1h145.800.000%$255K$394K50xas long as short
SoDEX AAVE-USD−0.0061%1h145.79−0.007%$5K$305K10xas long as short
Phoenix AAVE−0.0027%1h146.18+0.261%$5K$99K10xas long as short
01 Exchange AAVEUSD−0.0008%1h145.90+0.069%$11K$2K5xas long as short
dYdX AAVE-USD0.0000%1h146.29+0.333%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.84+0.027%$83K$1.5M3.4xas long as short
Kraken Futures PF_AAVEUSD+0.0002%1h145.88+0.054%$3.5M$2.1M50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.87+0.045%$71K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.063%$422$51K12xas long as short
MEXC AAVE_USDT+0.0041%8h145.79−0.007%$30.1M$25.9M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0041%8h145.81+0.007%$66.5M$186.1M75xas long as short
Reya AAVERUSDPERP+0.0044%1h145.81+0.005%20xas long as short
Orderly PERP_AAVE_USDC+0.0053%8h145.77−0.021%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0073%8h145.81+0.007%$17.9M$67.6M50xas long as short
Gate AAVE_USDT+0.0077%8h145.83+0.021%$7.9M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.81+0.010%$123K$14610xas long as short
Lighter AAVE+0.0096%1h146.03+0.160%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.99+0.131%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.91+0.072%$803K$442K10xas long as short
Hyperliquid AAVE+0.0100%1h146.00+0.137%$80.5M$34.6M10xas long as short
Aster AAVEUSDT+0.0100%8h145.87+0.050%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.17+0.252%$334K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.83+0.021%$62.2M$66.0M75xas long as short
Arcus AAVE-USD+0.0100%1h145.98+0.123%$51K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h146.07+0.185%$61K$36010xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.79−0.007%$10.0M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.74−0.041%$30.3M$18.3M75xas long as short
BingX AAVE-USDClong+0.0100%8h145.80long leg$6.5M
Backpack AAVE_USDC_PERP+0.0100%1h145.91+0.075%$347K$745K10xas long as short
Variational Omni AAVE+0.0100%8h146.07+0.184%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h146.08+0.191%$105K$316K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.16+0.249%$462K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h146.07+0.185%$136K$229K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.91+0.075%$127K$456K10xas long as short
SunX AAVE-USDT+0.0100%8h145.78−0.012%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.09+0.200%$691K$5.1M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.82+0.014%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.76−0.028%$935K$1.7M50xas long as short
RISEx AAVE/USDC+0.0106%1h145.99+0.128%$186K$246K10xas long as short
BloFin AAVE-USDTshort+0.0161%8h146.06+0.178%$3.5M$4.0M100x
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h145.84+0.030%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0280%1h146.01+0.144%$786K$3.0M50xas long as short