Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against BingX+0.023%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.023% dearer against BingX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	140.98	0.0100	pay 0.0100% / 8h	22m 00s	—	$43.6M	—
Short	gTrade (Gains Network) AAVE/USD	141.01	L +0.0005% / S −0.0004%	get 0.0000% / 1h	22m 00s	$78K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.023%Rate

Funding earned: −$20.19
Price spread: +0.023% → 0.000%: $2.34
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; gTrade (Gains Network): no order-book sample. 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 BingX live order book, 7 min ago	0.71 bp	5.8 bp −$6	8.6 bp −$86	18.5 bp −$1,853	45.6 bp −$22.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
dYdX AAVE-USD	0.0000%	1h	141.09	+0.081%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.06	+0.057%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.00	+0.014%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	141.01	+0.023%	$78K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.851%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.94	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.96	−0.014%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.16	+0.130%	$4.5M	$2.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.01	+0.019%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.97	−0.011%	$823K	$397K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.11	+0.092%	$77.0M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.04	+0.044%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.10	+0.087%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.01	+0.021%	$63.1M	$191.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.99	+0.007%	$60.6M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.00	+0.014%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.13	+0.106%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.09	+0.077%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.00	+0.014%	$8.0M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.00	+0.014%	$22.9M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.00	+0.014%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.97	−0.007%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	140.98	long leg	—	$43.6M	—
Variational Omni AAVE	+0.0100%	8h	140.88	−0.072%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.91	−0.048%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.94	−0.026%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.98	0.000%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.04	+0.043%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.99	+0.006%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.98	0.000%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.15	+0.123%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.99	+0.007%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.96	−0.016%	$910K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.05	+0.050%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.01	+0.019%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.01	+0.021%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.96	−0.014%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.05	+0.046%	$188K	$292K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0250%	1h	141.11	+0.092%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.00	+0.015%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.15	+0.121%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0272%	1h	141.04	+0.044%	$3.4M	$2.1M	50x	as long as short