Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.009%

Price spread now: Injective against BingX−5.139%72s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Injective

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.139% cheaper against BingX than usual: you would sell low and buy high (−$514 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	144.38	0.0100	pay 0.0100% / 8h	1h 30m	—	$44.0M	—
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	30m 08s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.139%Rate

Funding earned: −$14
Price spread: −5.139% → 0.000%: −$513.92
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$537.94
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Injective: 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, 9 min ago	0.69 bp	7.2 bp −$7	9.2 bp −$92	17.4 bp −$1,736	40.1 bp −$20.1K
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0160%	1h	144.27	−0.076%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.38	0.000%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0070%	1h	144.37	−0.007%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.64	+0.180%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	−0.037%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.38	0.000%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	+0.028%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0031%	8h	144.35	−0.021%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0032%	8h	144.36	−0.011%	$65.7M	$185.7M	75x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−5.139%	$422	$51K	12x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.31	−0.047%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.31	−0.046%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.35	−0.021%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.37	−0.007%	$7.8M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.36	−0.014%	$17.5M	$66.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.48	+0.070%	$3.5M	$2.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.43	+0.034%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.224%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.56	+0.123%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.21	−0.117%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.20	−0.121%	$798K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.41	+0.021%	$79.3M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.33	−0.034%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.25	−0.093%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.37	−0.007%	$61.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	−0.076%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.078%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.37	−0.007%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.36	−0.014%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	144.38	long leg	—	$44.0M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.48	+0.069%	$379K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	+0.026%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	+0.179%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.64	+0.180%	$134K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.35	−0.021%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.23	−0.101%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.56	+0.127%	$693K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.29	−0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.34	−0.025%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.27	−0.076%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.42	+0.029%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.47	+0.062%	$781K	$3.0M	50x	as long as short