Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against BingX+0.014%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.014%, 7d avg −0.049%

Together, before fees−0.022%+ Points / potential airdropExtended: Active · farm board−$2 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: Extended is 0.064% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDC	143.65	0.0100	pay 0.0100% / 8h	3h 49m	—	$6.5M	—
Short	Extended AAVE-USD	143.67	0.0104	get 0.0013% / 1h	49m 50s	$911K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0.84
Price spread: +0.014% → −0.049%: $6.35
Slippage, 4 orders: −$25.96
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.77
Costs to cover: 0.410%
Break-even: 288.4 days

Slippage from BingX: live order book, 11 min ago; Extended: live order book, 4 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	0.70 bp	14.5 bp −$15	40.4 bp −$404	232.2 bp −$23.2K	626.3 bp −$313.2K
Sell Extended live order book, 4 min ago	2.43 bp	4.9 bp −$5	23.6 bp −$236	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
dYdX AAVE-USD	0.0000%	1h	143.87	+0.154%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.82	+0.118%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.72	+0.049%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.77	+0.084%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.657%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.99	+0.237%	$4K	$106K	10x	as long as short
Phemex AAVEUSDT	+0.0041%	8h	143.71	+0.042%	$4.0M	$3.7M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.73	+0.057%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	143.71	+0.042%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0053%	1h	143.74	+0.063%	$846K	$396K	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	143.80	+0.106%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.81	+0.111%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.80	+0.104%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.83	+0.126%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.63	−0.014%	$64.2M	$187.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.64	−0.007%	$61.8M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.60	−0.035%	$17.2M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.92	+0.188%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	+0.111%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.75	+0.070%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.70	+0.035%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.82	+0.118%	$10.6M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	0.000%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	143.65	long leg	—	$6.5M	—
Variational Omni AAVE	+0.0100%	8h	143.84	+0.132%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.82	+0.118%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	+0.159%	$458K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.84	+0.132%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.85	+0.139%	$128K	$443K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.76	+0.074%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.77	+0.084%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.94	+0.200%	$692K	$5.2M	75x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	143.67	+0.014%	$911K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	143.74	+0.066%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.87	+0.153%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.87	+0.155%	$186K	$251K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0185%	1h	143.89	+0.167%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.75	+0.070%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.88	+0.162%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.77	+0.080%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.97	+0.223%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0397%	1h	143.83	+0.125%	$79.1M	$36.7M	10x	as long as short