Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%

Price spread now: BingX against Lighter−0.161%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Lighter Short on BingX

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—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.161% cheaper against Lighter than usual: you would sell low and buy high, −$16 on $10k if it 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	Lighter AAVE	146.40	0.0096	pay 0.0012% / 1h	31m 48s	$4.7M	$1.5M	10x
Short	BingX AAVE-USDT	146.16	0.0100	get 0.0100% / 8h	7h 31m	—	$44.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0.84
Price spread: −0.161% → 0.000%: −$16.05
Slippage, 4 orders: −$16.85
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.07
Costs to cover: 0.269%
Break-even: 357.5 days

Slippage from Lighter: live order book, 6 min ago; BingX: live order book, 7 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 Lighter live order book, 6 min ago	2.29 bp	7.3 bp −$7	12.2 bp −$122	44.0 bp −$4,401	doesn't fit
Sell BingX live order book, 7 min ago	0.69 bp	5.7 bp −$6	7.9 bp −$79	18.1 bp −$1,814	43.1 bp −$21.5K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.20	−0.135%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0144%	1h	145.80	−0.406%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0115%	1h	146.08	−0.215%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.23	−0.116%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.98	−0.283%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.19	−0.140%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.15	−0.167%	$255K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.14	−0.173%	$71K	—	150x	as long as short
Phemex AAVEUSDT	+0.0009%	8h	146.07	−0.222%	$4.2M	$3.8M	50x	as long as short
Gate AAVE_USDT	+0.0016%	8h	146.17	−0.154%	$7.9M	$15.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0019%	8h	146.20	−0.133%	$66.3M	$184.8M	75x	as long as short
MEXC AAVE_USDT	+0.0020%	8h	146.15	−0.167%	$29.2M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.445%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.93	−0.316%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	146.09	−0.208%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.23	−0.113%	$18.0M	$66.7M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0067%	1h	146.03	−0.249%	$136K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0071%	8h	145.82	−0.390%	$461K	$3.8M	10x	as long as short
BloFin AAVE-USDT	+0.0081%	8h	146.12	−0.188%	$3.5M	$4.0M	100x	as long as short
Bybit AAVEUSDT	+0.0085%	8h	146.21	−0.126%	$62.5M	$65.3M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	−0.198%	$123K	$146	10x	as long as short
Lighter AAVElong	+0.0096%	1h	146.40	long leg	$4.7M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	145.93	−0.321%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.82	−0.394%	$797K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	−0.079%	$79.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.16	−0.159%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.99	−0.276%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.386%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.461%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.17	−0.154%	$10.1M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.16	−0.161%	$30.4M	$18.1M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	146.16	−0.161%	—	$44.1M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.23	−0.113%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.87	−0.357%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.80	−0.408%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.96	−0.297%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.84	−0.383%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.29	−0.074%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.14	−0.174%	$933K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.86	−0.363%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.14	−0.175%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.17	−0.154%	$786K	$3.1M	50x	as long as short