Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%

Price spread now: Lighter against BingX+0.127%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.055%−$5 · spread now +0.127%, 7d avg +0.110%

Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	143.59	0.0100	pay 0.0100% / 8h	5h 12m	—	$43.8M	—
Short	Lighter AAVE	143.77	0.0096	get 0.0012% / 1h	12m 02s	$4.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$0.84
Price spread: +0.127% → +0.110%: $1.63
Slippage, 4 orders: −$12.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.56
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Lighter: live order book, 6 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, 7 min ago	0.35 bp	5.3 bp −$5	6.8 bp −$68	15.7 bp −$1,569	42.5 bp −$21.2K
Sell Lighter live order book, 6 min ago	1.94 bp	2.9 bp −$3	15.4 bp −$154	51.6 bp −$5,158	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
Deribit AAVE_USDC-PERPETUAL	−0.0376%	1h	143.61	+0.014%	$228K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.71	+0.084%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.74	+0.102%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	+0.084%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.73	+0.100%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.617%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	+0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.66	+0.049%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.78	+0.132%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.334%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVEshort	+0.0096%	1h	143.77	+0.127%	$4.6M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	+0.112%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	+0.091%	$77.7M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.123%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.79	+0.138%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.60	+0.007%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.61	+0.014%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.61	+0.014%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.75	+0.111%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.337%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	0.000%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.61	+0.014%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.66	+0.049%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	+0.042%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	143.59	long leg	—	$43.8M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	+0.042%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.478%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.524%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.557%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.564%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.74	+0.104%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.74	+0.105%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	+0.028%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.76	+0.118%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.67	+0.056%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.57	−0.015%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.69	+0.073%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.78	+0.131%	$186K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	+0.181%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	+0.092%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.72	+0.090%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	+0.299%	$783K	$2.8M	50x	as long as short