Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.001%

Price spread now: Binance against Injective+4.855%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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 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 Binance is 4.855% dearer against Injective than usual: you sell high and buy low: +$486 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	15m 12s	$422	$51K	12x
Short	Binance AAVEUSDT	143.61	0.0100	get 0.0100% / 8h	2h 15m	$64.5M	$191.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +4.855%Rate

Funding earned: $14
Price spread: +4.855% → 0.000%: $485.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $489.52
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: 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 Binance live order book, 13 min ago	0.35 bp	6.3 bp −$6	17.3 bp −$173	49.3 bp −$4,928	152.2 bp −$76.1K

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
dYdX AAVE-USD	0.0000%	1h	143.46	+4.749%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	+4.768%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.54	+4.804%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.52	+4.792%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0024%	1h	143.50	+4.771%	$837K	$400K	10x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	143.50	+4.773%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.52	+4.790%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0094%	8h	143.51	+4.782%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.50	+4.774%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.60	+4.852%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	+4.837%	$327K	$448K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	143.61	+4.855%	$64.5M	$191.5M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.61	+4.855%	$61.7M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.60	+4.848%	$17.2M	$65.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.63	+4.870%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	+3.884%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.52	+4.790%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.56	+4.819%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.56	+4.819%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.52	+4.790%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.53	+4.797%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.41	+4.710%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.49	+4.771%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.47	+4.753%	$457K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.59	+4.841%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+4.848%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.60	+4.846%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.54	+4.804%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.69	+4.910%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.49	+4.769%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.55	+4.812%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0109%	1h	143.71	+4.928%	$78.5M	$37.2M	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.58	+4.834%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	+4.834%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0157%	1h	143.59	+4.841%	$340K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.60	+4.845%	$194K	$257K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.58	+4.834%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.64	+4.878%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.77	+4.972%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.51	+4.785%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.44	+4.731%	$765K	$2.9M	50x	as long as short