Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.009%

Price spread now: BingX against Injective+3.797%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 3.797% dearer against Injective than usual: you sell high and buy low: +$380 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	40m 59s	$422	$51K	12x
Short	BingX AAVE-USDT	142.16	0.0100	get 0.0100% / 8h	4h 40m	—	$44.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +3.797%Rate

Funding earned: $14
Price spread: +3.797% → 0.000%: $379.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $383.65
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	0.35 bp	7.9 bp −$8	10.9 bp −$109	20.7 bp −$2,066	43.8 bp −$21.9K

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0168%	1h	141.90	+3.607%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.99	+3.676%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.01	+3.687%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.05	+3.716%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	+3.719%	$79K	—	150x	as long as short
SoDEX AAVE-USD	+0.0017%	1h	142.02	+3.695%	$5K	$299K	10x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Nado AAVE-PERP	+0.0043%	1h	141.89	+3.603%	$841K	$447K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.88	+3.593%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.04	+3.709%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.05	+3.716%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.14	+3.784%	$4.5M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.88	+3.593%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.27	+3.877%	$76.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.09	+3.746%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.94	+3.636%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.27	+3.877%	$63.5M	$185.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.29	+3.892%	$60.9M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.21	+3.833%	$17.0M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.01	+3.687%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+3.768%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.20	+3.826%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.09	+3.746%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.07	+3.731%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.15	+3.789%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	142.16	+3.797%	—	$44.0M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.19	+3.819%	$337K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	+3.635%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+3.813%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.11	+3.760%	$449K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.11	+3.760%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.94	+3.636%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.93	+3.628%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.11	+3.760%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.06	+3.724%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.16	+3.796%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.06	+3.726%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.95	+3.643%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.01	+3.687%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.01	+3.691%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.13	+3.772%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+3.811%	$788K	$2.9M	50x	as long as short