Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.001%
Price spread now: RISEx against Bulk+0.203%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$170.173% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.203%, 7d avg −0.007%
Together, before fees−0.289%−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.211% dearer against Bulk than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk AAVE-USD141.320.0100pay 0.0013% / 1h0m 13s$163K$106K10x
ShortRISEx AAVE/USDC141.610.0245get 0.0031% / 1h0m 13s$185K$294K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Bulk. 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

Funding earned
$30.5
Price spread: +0.203% → −0.007%
$21.06
Slippage, 4 orders
−$4.28
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
$34.28
Costs to cover
0.173%
Break-even
from the start
Slippage from Bulk: live order book, 4 min ago; RISEx: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 4 min ago0.35 bp4.1 bp −$48.9 bp −$8922.3 bp −$2,22683.5 bp −$41.8K
Sell RISEx live order book, 38 min ago1.06 bp4.1 bp −$48.9 bp −$89doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h141.63+0.216%$101K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.55+0.163%$46K$1.4M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h141.54+0.156%$213K$392K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.54+0.154%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.085%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.45+0.093%20xas long as short
Orderly PERP_AAVE_USDC+0.0084%8h141.50+0.127%$17K$8K10xas long as short
Lighter AAVE+0.0096%1h141.74+0.299%$4.5M$2.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.55+0.162%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h141.49+0.120%$825K$398K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid AAVE+0.0100%1h141.70+0.269%$77.4M$37.2M10xas long as short
Aster AAVEUSDT+0.0100%8h141.59+0.193%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.56+0.171%$330K$391K10xas long as short
Binance AAVEUSDT+0.0100%8h141.55+0.163%$63.7M$192.5M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.51+0.134%$60.9M$69.3M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.51+0.134%$16.6M$65.0M50xas long as short
Arcus AAVE-USD+0.0100%1h141.71+0.276%$92K$222K10xas long as short
Gate AAVE_USDT+0.0100%8h141.57+0.177%$8.1M$16.7M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.53+0.149%$23.0M$24.5M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.58+0.184%$10.3M$9.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.53+0.149%$28.8M$18.0M75xas long as short
BingX AAVE-USDC+0.0100%8h141.52+0.142%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h141.53+0.146%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h141.28−0.028%$109K$284K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.28−0.030%$451K$3.6M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h141.24−0.057%$131K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.55+0.163%$134K$484K10xas long as short
SunX AAVE-USDT+0.0100%8h141.51+0.137%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.51+0.134%$5K$298K10xas long as short
HTX AAVE-USDT+0.0100%8h141.57+0.179%$668K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.54+0.156%$3.9M$3.6M50xas long as short
Bulk AAVE-USDlong+0.0100%1h141.32long leg$163K$106K10x
Extended AAVE-USD+0.0104%1h141.47+0.104%$909K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h141.55+0.160%$120K$14610xas long as short
01 Exchange AAVEUSD+0.0112%1h141.61+0.205%$10K$2K5xas long as short
Phoenix AAVE+0.0152%1h141.39+0.050%$5K$98K10xas long as short
BloFin AAVE-USDT+0.0220%8h141.58+0.184%$3.3M$3.5M100xas long as short
RISEx AAVE/USDCshort+0.0245%1h141.61+0.203%$185K$294K10x
Backpack AAVE_USDC_PERP+0.0247%1h141.69+0.262%$385K$732K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0360%1h141.52+0.143%$110K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0256%1h141.70+0.269%$754K$2.7M50xas long as short
Kraken Futures PF_AAVEUSD+0.0270%1h141.59+0.192%$3.4M$2.1M50xas long as short