Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: edgeX against BingX−0.185%85s7-day average 0.000% · 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—prices read too far apart to compare

costs, in and out, $10k−$500.497% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.417%+$42 · spread now −0.185%, 7d avg 0.000%

Together, before fees+0.455%+ Points / potential airdropedgeX: Active · farm board+$46 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: edgeX is 0.186% cheaper against BingX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 85 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	BingX AAVE-USDC	142.88	0.0100	pay 0.0100% / 8h	4h 24m	—	$6.5M	—
Short	edgeX AAVEUSDC	142.62	0.0100	get 0.0050% / 4h	24m 01s	$103K	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee BingXbpFee edgeXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → 0.000%: −$18.58
Slippage, 4 orders: −$30.69
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$68.27
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; edgeX: live order book, 34 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 BingX live order book, 11 min ago	0.71 bp	16.5 bp −$17	35.6 bp −$356	224.7 bp −$22.5K	629.2 bp −$314.6K
Sell edgeX live order book, 34 min ago	3.52 bp	8.2 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit

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	−0.0144%	1h	142.83	−0.035%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.89	+0.008%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.86	−0.014%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.86	−0.014%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.87	−0.004%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	142.78	−0.070%	$841K	$446K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.143%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.80	−0.058%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	142.87	−0.007%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.105%	$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
Lighter AAVE	+0.0096%	1h	142.97	+0.066%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.96	+0.053%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.97	+0.063%	$77.0M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.87	−0.005%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.90	+0.011%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.88	−0.001%	$63.9M	$186.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.85	−0.021%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.84	−0.028%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.96	+0.056%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	0.000%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.89	+0.007%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.87	−0.007%	$25.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.90	+0.014%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.80	−0.056%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	142.88	long leg	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.98	+0.070%	$337K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.60	−0.197%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	142.62	−0.185%	$103K	$278K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.67	−0.148%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.71	−0.119%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.88	0.000%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.84	−0.025%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.87	−0.007%	$5K	$292K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.98	+0.068%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.81	−0.049%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.79	−0.061%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.88	−0.003%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.91	+0.021%	$178K	$242K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.80	−0.056%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.87	−0.007%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.95	+0.047%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.95	+0.049%	$793K	$2.8M	50x	as long as short