Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.019%

Price spread now: RISEx against Bybit+0.084%7-day average +0.018% · 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−$17as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Bybit 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)−0.102%−$10 · spread now +0.084%, 7d avg +0.018%

Together, before fees−0.091%−$9 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 0.066% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	141.54	0.0100	pay 0.0100% / 8h	7h 57m	$61.0M	$69.4M	75x
Short	RISEx AAVE/USDC	141.66	0.0223	get 0.0028% / 1h	57m 02s	$184K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now +0.084%Rate

Funding earned: $25.88
Price spread: +0.084% → +0.018%: $6.63
Slippage, 4 orders: −$7.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $8.39
Costs to cover: 0.241%
Break-even: 4.7 days

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 41 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 Bybit live order book, 2 min ago	0.35 bp	7.7 bp −$8	12.9 bp −$129	50.6 bp −$5,062	doesn't fit
Sell RISEx live order book, 41 min ago	1.06 bp	4.1 bp −$4	8.9 bp −$89	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
Phemex AAVEUSDT	−0.0198%	8h	141.60	+0.042%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.49	−0.038%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.53	−0.007%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.66	+0.085%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.66	+0.082%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.236%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.50	−0.025%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.62	+0.057%	$17K	$8K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0098%	8h	141.43	−0.079%	$452K	$3.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.51	−0.020%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.55	+0.011%	$828K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.78	+0.170%	$77.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.64	+0.070%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.52	−0.011%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.60	+0.040%	$63.7M	$192.6M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	141.54	long leg	$61.0M	$69.4M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.57	+0.021%	$16.6M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.68	+0.099%	$92K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.017%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.66	+0.085%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.58	+0.028%	$22.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.66	+0.085%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.57	+0.021%	$28.8M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.56	+0.014%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	−0.010%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.44	−0.074%	$109K	$282K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.41	−0.092%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.62	+0.057%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.49	−0.032%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.64	+0.071%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.65	+0.081%	$667K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.53	−0.008%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.67	+0.092%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	141.65	+0.078%	$10K	$2K	5x	as long as short
Lighter AAVE	+0.0128%	1h	141.86	+0.225%	$4.5M	$2.5M	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.113%	$4K	$97K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.70	+0.113%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.61	+0.049%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDCshort	+0.0223%	1h	141.66	+0.084%	$184K	$294K	10x
Backpack AAVE_USDC_PERP	+0.0229%	1h	141.81	+0.191%	$386K	$732K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.74	+0.138%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.65	+0.075%	$110K	—	100x	as long as short