Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.025%

Price spread now: RISEx against OKX+0.027%7-day average +0.019% · 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−$24as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.027%, 7d avg +0.019%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	142.66	0.0100	pay 0.0100% / 8h	2h 54m	$17.1M	$64.5M	50x
Short	RISEx AAVE/USDC	142.70	0.0207	get 0.0026% / 1h	54m 37s	$186K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.027%Rate

Funding earned: $22.51
Price spread: +0.027% → +0.019%: $0.8
Slippage, 4 orders: −$8.38
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$1.07
Costs to cover: 0.244%
Break-even: 7.3 days

Slippage from OKX: live order book, 4 min ago; RISEx: live order book, 59 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 OKX live order book, 4 min ago	0.35 bp	7.9 bp −$8	13.1 bp −$131	78.4 bp −$7,842	doesn't fit
Sell RISEx live order book, 59 min ago	0.69 bp	3.7 bp −$4	10.3 bp −$103	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
Deribit AAVE_USDC-PERPETUAL	−0.0100%	1h	142.73	+0.049%	$218K	$390K	50x	as long as short
Nado AAVE-PERP	−0.0046%	1h	142.63	−0.018%	$832K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.81	+0.106%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.74	+0.056%	$50K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.68	+0.017%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.996%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.09	+0.301%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.64	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	142.75	+0.063%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0075%	8h	142.86	+0.140%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	142.70	+0.028%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.70	+0.028%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.80	+0.098%	$78.0M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.69	+0.021%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.69	+0.023%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.66	0.000%	$63.8M	$188.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.68	+0.014%	$61.2M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0100%	8h	142.66	long leg	$17.1M	$64.5M	50x
Arcus AAVE-USD	+0.0100%	1h	142.75	+0.063%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	−0.035%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.69	+0.021%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.71	+0.035%	$25.8M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.71	+0.035%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.63	−0.021%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.70	+0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.89	+0.161%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.00	+0.238%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.84	+0.127%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.95	+0.203%	$448K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.91	+0.175%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.75	+0.063%	$133K	$452K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.63	−0.021%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.77	+0.077%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.85	+0.131%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.62	−0.027%	$904K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.75	+0.061%	$121K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	142.90	+0.166%	$4.5M	$2.4M	10x	as long as short
RISEx AAVE/USDCshort	+0.0207%	1h	142.70	+0.027%	$186K	$251K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.57	−0.063%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.86	+0.139%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.66	+0.001%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.94	+0.196%	$785K	$2.8M	50x	as long as short