Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.011%

Price spread now: RISEx against Bitget+0.050%7-day average +0.020% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.050%, 7d avg +0.020%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.030% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	142.16	0.0100	pay 0.0100% / 8h	1h 38m	$29.1M	$18.4M	75x
Short	RISEx AAVE/USDC	142.23	0.0256	get 0.0032% / 1h	38m 55s	$195K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.050%Rate

Funding earned: $32.72
Price spread: +0.050% → +0.020%: $3.04
Slippage, 4 orders: −$12.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $5.35
Costs to cover: 0.304%
Break-even: 5.9 days

Slippage from Bitget: live order book, 5 min ago; RISEx: live order book, 4 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 Bitget live order book, 5 min ago	0.35 bp	10.9 bp −$11	15.2 bp −$152	50.4 bp −$5,039	doesn't fit
Sell RISEx live order book, 4 min ago	1.54 bp	4.5 bp −$5	9.2 bp −$92	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
dYdX AAVE-USD	0.0000%	1h	142.24	+0.058%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.19	+0.021%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	+0.028%	$216K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.18	+0.014%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.658%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.13	−0.019%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0064%	1h	142.15	−0.007%	$822K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	142.17	+0.007%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.52	+0.253%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.35	+0.137%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.14	−0.017%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.25	+0.066%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.17	+0.007%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.21	+0.035%	$64.0M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.19	+0.021%	$61.1M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.20	+0.028%	$17.0M	$65.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.27	+0.077%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.21	+0.035%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.20	+0.028%	$24.8M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.22	+0.042%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	142.16	long leg	$29.1M	$18.4M	75x
BingX AAVE-USDT	+0.0100%	8h	142.21	+0.035%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.28	+0.084%	$334K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.40	+0.169%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.41	+0.178%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.48	+0.224%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.45	+0.204%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.23	+0.049%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.15	−0.008%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.21	+0.035%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.210%	$676K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.27	+0.077%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.138%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.15	−0.007%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.20	+0.030%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.21	+0.035%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0169%	1h	142.33	+0.120%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.20	+0.028%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	+0.064%	$111K	—	100x	as long as short
RISEx AAVE/USDCshort	+0.0256%	1h	142.23	+0.050%	$195K	$262K	10x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.32	+0.113%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.30	+0.100%	$3.4M	$2.1M	50x	as long as short