Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.018%

Price spread now: RISEx against MEXC+0.278%7-day average −0.007% · 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+$19as in the Price arb table

costs, in and out, $10k−$90.093% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.278%, 7d avg −0.007%

Together, before fees−0.306%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.285% dearer against MEXC than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	140.16	0.0100	pay 0.0100% / 8h	4h 50m	$22.4M	$21.3M	200x
Short	RISEx AAVE/USDC	140.55	0.0175	get 0.0022% / 1h	50m 08s	$172K	$229K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.278%Rate

Funding earned: $15.79
Price spread: +0.278% → −0.007%: $28.51
Slippage, 4 orders: −$3.26
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $35.04
Costs to cover: 0.093%
Break-even: from the start

Slippage from MEXC: live order book, 2 min ago; RISEx: live order book, 56 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 MEXC live order book, 2 min ago	0.36 bp	0.4 bp $0	3.5 bp −$35	30.3 bp −$3,034	109.6 bp −$54.8K
Sell RISEx live order book, 56 min ago	1.27 bp	4.3 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit

AAVE on 42 exchanges

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
Deribit AAVE_USDC-PERPETUAL	−0.7297%	1h	139.39	−0.549%	$205K	$304K	50x	as long as short
SoDEX AAVE-USD	−0.0133%	1h	140.39	+0.164%	$7K	$216K	10x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	140.49	+0.235%	$10K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0009%	8h	140.23	+0.050%	$60.6M	$58.9M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.26	+0.073%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.35	+0.136%	$48K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.58	+0.301%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.283%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.47	+0.220%	—	—	20x	as long as short
Variational Omni AAVE	+0.0053%	8h	140.23	+0.048%	$3.6M	$746K	—	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0083%	8h	140.39	+0.164%	$17K	$2K	10x	as long as short
Phemex AAVEUSDT	+0.0090%	8h	140.26	+0.071%	$3.9M	$3.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	140.39	+0.166%	$4.5M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.65	+0.350%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.30	+0.097%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.44	+0.200%	$814K	$308K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.39	+0.164%	$77.0M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.29	+0.094%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.31	+0.107%	$342K	$300K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.24	+0.057%	$63.2M	$157.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.25	+0.064%	$16.1M	$50.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.58	+0.300%	$94K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.57	+0.295%	$165K	$20K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.27	+0.078%	$8.1M	$13.1M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	140.16	long leg	$22.4M	$21.3M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	140.30	+0.100%	$10.1M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.25	+0.064%	$29.0M	$16.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.22	+0.043%	—	$34.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.40	+0.171%	$384K	$592K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.53	+0.263%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.61	+0.319%	$443K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.54	+0.271%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.61	+0.321%	$131K	$367K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.48	+0.226%	$2K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.67	+0.366%	$635K	$1.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.35	+0.136%	$908K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.39	+0.162%	$119K	—	10x	as long as short
RISEx AAVE/USDCshort	+0.0175%	1h	140.55	+0.278%	$172K	$229K	10x
BloFin AAVE-USDT	+0.0220%	8h	140.12	−0.029%	$3.2M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	140.59	+0.307%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.49	+0.235%	$751K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0336%	1h	140.41	+0.178%	$3.4M	$1.8M	50x	as long as short