Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h 0.000%

Price spread now: RISEx against BingX+0.093%7-day average +0.005% · 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−$12as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.093%, 7d avg +0.005%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.088% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	146.23	0.0100	pay 0.0100% / 8h	52m 53s	—	$43.9M	—
Short	RISEx AAVE/USDC	146.37	0.0106	get 0.0013% / 1h	52m 53s	$186K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.093%Rate

Funding earned: $1.25
Price spread: +0.093% → +0.005%: $8.77
Slippage, 4 orders: −$4.78
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$10.76
Costs to cover: 0.208%
Break-even: 67.4 days

Slippage from BingX: live order book, 11 min ago; RISEx: live order book, 25 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 BingX live order book, 11 min ago	0.69 bp	6.0 bp −$6	8.6 bp −$86	21.1 bp −$2,111	45.6 bp −$22.8K
Sell RISEx live order book, 25 min ago	1.31 bp	4.3 bp −$4	8.8 bp −$88	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
Phoenix AAVE	−0.0027%	1h	146.30	+0.048%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0024%	1h	146.25	+0.014%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.27	+0.027%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.040%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.29	+0.041%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.36	+0.087%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.32	+0.059%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.28	+0.034%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.339%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.17	−0.041%	$31.0M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.16	−0.047%	$66.6M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	+0.014%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.24	+0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.21	−0.014%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.24	+0.007%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.26	+0.022%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.47	+0.164%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.28	+0.035%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.33	+0.068%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.31	+0.055%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.28	+0.033%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.19	−0.027%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.32	+0.062%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.301%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.26	+0.021%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.30	+0.048%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	146.23	long leg	—	$43.9M	—
Variational Omni AAVE	+0.0100%	8h	146.32	+0.058%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	+0.065%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	+0.111%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.22	−0.007%	$136K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.062%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.24	+0.008%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.41	+0.120%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.32	+0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.15	−0.057%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDCshort	+0.0106%	1h	146.37	+0.093%	$186K	$246K	10x
BloFin AAVE-USDT	+0.0163%	8h	146.25	+0.014%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0203%	1h	146.41	+0.123%	$80.9M	$34.3M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.30	+0.047%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.137%	$795K	$3.0M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0292%	1h	146.38	+0.103%	$353K	$733K	10x	as long as short