Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.012%

Price spread now: RISEx against Binance+0.088%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.088%, 7d avg −0.009%

Together, before fees−0.325%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.097% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	143.17	0.0100	pay 0.0100% / 8h	5h 39m	$64.2M	$182.8M	75x
Short	RISEx AAVE/USDC	143.30	0.0195	get 0.0024% / 1h	39m 17s	$191K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.088%Rate

Funding earned: $19.97
Price spread: +0.088% → −0.009%: $9.65
Slippage, 4 orders: −$9.09
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $4.53
Costs to cover: 0.251%
Break-even: 5.4 days

Slippage from Binance: live order book, 4 min ago; RISEx: live order book, 24 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 Binance live order book, 4 min ago	0.35 bp	6.5 bp −$6	10.8 bp −$108	34.0 bp −$3,399	167.1 bp −$83.5K
Sell RISEx live order book, 24 min ago	1.84 bp	4.8 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit

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	−0.0064%	1h	143.24	+0.049%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.34	+0.120%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.34	+0.119%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.16	−0.007%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.20	+0.021%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.338%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.15	−0.014%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.22	+0.035%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.55	+0.265%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0094%	1h	143.26	+0.061%	$831K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.33	+0.109%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0097%	8h	143.16	−0.007%	$17.1M	$63.2M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.27	+0.071%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.37	+0.140%	$77.5M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.33	+0.110%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.33	+0.114%	$327K	$433K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	143.17	long leg	$64.2M	$182.8M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.19	+0.014%	$61.2M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.27	+0.070%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.270%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.20	+0.021%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.23	+0.042%	$25.9M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.30	+0.091%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.19	+0.014%	$30.0M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.18	+0.007%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	+0.342%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.221%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.52	+0.242%	$103K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.426%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.426%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.28	+0.077%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.22	+0.036%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.13	−0.028%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.25	+0.053%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.23	+0.042%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.11	−0.041%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.21	+0.026%	$121K	$146	10x	as long as short
RISEx AAVE/USDCshort	+0.0195%	1h	143.30	+0.088%	$191K	$233K	10x
BloFin AAVE-USDT	+0.0220%	8h	143.11	−0.042%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.18	+0.005%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.24	+0.051%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.47	+0.210%	$776K	$2.8M	50x	as long as short