Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective+3.191%87s7-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+0.131%+$13 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 3.191% dearer against Injective than usual: you sell high and buy low: +$319 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	51m 54s	$422	$51K	12x
Short	BingX AAVE-USDT	141.33	0.0100	get 0.0100% / 8h	7h 51m	—	$43.5M	—

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 +3.191%Rate

Funding earned: $14
Price spread: +3.191% → 0.000%: $319.07
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: $323.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 2 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, 2 min ago	0.35 bp	8.1 bp −$8	10.9 bp −$109	20.7 bp −$2,074	51.8 bp −$25.9K

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
Deribit AAVE_USDC-PERPETUAL	−0.0033%	1h	141.29	+3.162%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.29	+3.161%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.27	+3.147%	$46K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.28	+3.155%	$79K	—	150x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	141.32	+3.182%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.26	+3.140%	$17K	$8K	10x	as long as short
Phemex AAVEUSDT	+0.0089%	8h	141.38	+3.227%	$3.9M	$3.6M	50x	as long as short
Phoenix AAVE	+0.0096%	1h	141.65	+3.424%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.26	+3.138%	$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
Nado AAVE-PERP	+0.0100%	1h	141.41	+3.247%	$827K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.48	+3.300%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.38	+3.230%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.33	+3.191%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.33	+3.191%	$63.5M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.33	+3.191%	$60.9M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.35	+3.205%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.48	+3.300%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+3.362%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.32	+3.183%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.32	+3.183%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.35	+3.205%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.36	+3.213%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	141.33	+3.191%	—	$43.5M	—
Variational Omni AAVE	+0.0100%	8h	141.23	+3.119%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.11	+3.029%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.11	+3.028%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.16	+3.067%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.44	+3.271%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.43	+3.267%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.21	+3.103%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.38	+3.224%	$666K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.28	+3.158%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.51	+3.322%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.30	+3.170%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.45	+3.278%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0203%	1h	141.47	+3.293%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.46	+3.286%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.35	+3.205%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.50	+3.311%	$177K	$297K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.32	+3.186%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.33	+3.194%	$110K	—	100x	as long as short