Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%

Price spread now: BingX against Lighter−0.189%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$260.257% 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 0.189% cheaper against Lighter than usual: you would sell low and buy high, −$19 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	144.69	0.0096	pay 0.0012% / 1h	21m 01s	$4.7M	$1.5M	10x
Short	BingX AAVE-USDT	144.42	0.0100	get 0.0100% / 8h	6h 21m	—	$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 −0.189%Rate

Funding earned: $0.84
Price spread: −0.189% → 0.000%: −$18.94
Slippage, 4 orders: −$15.72
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$43.82
Costs to cover: 0.257%
Break-even: 372.2 days

Slippage from Lighter: live order book, 7 min ago; BingX: live order book, 3 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, 7 min ago	1.55 bp	6.4 bp −$6	17.3 bp −$173	47.6 bp −$4,758	doesn't fit
Sell BingX live order book, 3 min ago	0.34 bp	6.8 bp −$7	10.6 bp −$106	21.5 bp −$2,151	60.9 bp −$30.4K

AAVE on 41 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	−0.0048%	1h	144.58	−0.079%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	−0.067%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.68	−0.013%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.48	−0.148%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.50	−0.134%	$245K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	−0.105%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.094%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.345%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.50	−0.131%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	−0.134%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0061%	8h	144.44	−0.176%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0064%	8h	144.42	−0.189%	$65.2M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.33	−0.252%	$17.3M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.61	−0.057%	$200K	$229K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	144.69	long leg	$4.7M	$1.5M	10x
Aevo AAVE-PERP	+0.0096%	1h	144.55	−0.100%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	−0.032%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.52	−0.117%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.52	−0.120%	$78.3M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.59	−0.070%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.65	−0.030%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.37	−0.224%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.61	−0.058%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.174%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.42	−0.189%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.54	−0.106%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.31	−0.265%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	144.42	−0.189%	—	$44.1M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.50	−0.134%	$322K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	−0.149%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.079%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.081%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.073%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	−0.072%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.56	−0.095%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.50	−0.134%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.71	+0.010%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	−0.155%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	−0.172%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0374%	1h	144.53	−0.111%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.093%	$775K	$2.8M	50x	as long as short