Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.012%

Price spread now: Binance against RISEx−0.038%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.038%, 7d avg +0.009%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.047% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	144.59	0.0089	pay 0.0011% / 1h	27m 08s	$189K	$224K	10x
Short	Binance AAVEUSDT	144.53	0.0056	get 0.0056% / 8h	6h 27m	$65.2M	$184.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.038%Rate

Funding earned: −$6.99
Price spread: −0.038% → +0.009%: −$4.67
Slippage, 4 orders: −$9.89
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.55
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from RISEx: live order book, 41 min ago; Binance: live order book, 1 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 RISEx live order book, 41 min ago	2.63 bp	5.6 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.35 bp	8.3 bp −$8	15.2 bp −$152	50.8 bp −$5,076	174.5 bp −$87.2K

AAVE on 41 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
01 Exchange AAVEUSD	−0.0056%	1h	144.55	−0.027%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.59	−0.002%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.51	−0.054%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.46	−0.090%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.51	−0.055%	$250K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	−0.033%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.55	−0.027%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.277%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.52	−0.047%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.46	−0.090%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0055%	8h	144.50	−0.062%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDTshort	+0.0056%	8h	144.53	−0.038%	$65.2M	$184.3M	75x
OKX AAVE-USDT-SWAP	+0.0073%	8h	144.40	−0.131%	$17.4M	$65.3M	50x	as long as short
RISEx AAVE/USDClong	+0.0089%	1h	144.59	long leg	$189K	$224K	10x
Lighter AAVE	+0.0096%	1h	144.67	+0.055%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.53	−0.041%	$122K	$146	10x	as long as short
Gate AAVE_USDT	+0.0098%	8h	144.50	−0.062%	$7.8M	$15.2M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.52	−0.050%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.53	−0.045%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.62	+0.021%	$78.3M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.51	−0.055%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.57	−0.011%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	−0.076%	$61.8M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	−0.013%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.756%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.51	−0.055%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.47	−0.083%	$30.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.49	−0.069%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.59	0.000%	$322K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.309%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.143%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.43	−0.108%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.39	−0.138%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	0.000%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.45	−0.099%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.45	−0.096%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.61	+0.015%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.48	−0.076%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.40	−0.129%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0239% / S −0.0366%	1h	144.55	−0.027%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.020%	$775K	$2.8M	50x	as long as short