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 −0.006%

Price spread now: BingX against RISEx−0.079%7-day average — · 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−$48as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.079% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	142.96	0.0207	pay 0.0026% / 1h	21m 13s	$191K	$254K	10x
Short	BingX AAVE-USDC	142.85	0.0100	get 0.0100% / 8h	2h 21m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$22.51
Price spread: −0.079% → 0.000%: −$7.85
Slippage, 4 orders: −$24.07
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$70.43
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from RISEx: live order book, 27 min ago; BingX: live order book, 15 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, 27 min ago	1.40 bp	4.4 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	0.70 bp	16.3 bp −$16	35.6 bp −$356	258.9 bp −$25.9K	690.9 bp −$345.4K

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	−0.0451%	1h	142.59	−0.260%	$217K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.79	−0.119%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.50	−0.323%	$49K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.76	−0.141%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0022%	1h	142.86	−0.068%	$837K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.199%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.83	−0.091%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0070%	8h	142.69	−0.190%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.81	−0.108%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.98	+0.012%	$78.1M	$37.2M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.74	−0.155%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.85	−0.077%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.71	−0.175%	$64.0M	$191.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.72	−0.169%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.83	−0.093%	$17.1M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.00	+0.026%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.477%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.89	−0.051%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.84	−0.086%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.75	−0.148%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.83	−0.093%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDCshort	+0.0100%	8h	142.85	−0.079%	—	$6.5M	—
Variational Omni AAVE	+0.0100%	8h	142.03	−0.651%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.15	−0.568%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.580%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.547%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.96	−0.002%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.89	−0.052%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.68	−0.197%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.83	−0.092%	$678K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.77	−0.135%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.63	−0.236%	$905K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.96	−0.002%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.71	−0.179%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.449%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0143%	1h	142.83	−0.093%	$339K	$730K	10x	as long as short
RISEx AAVE/USDClong	+0.0207%	1h	142.96	long leg	$191K	$254K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.66	−0.211%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.77	−0.135%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	142.89	−0.052%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.75	−0.151%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.57	−0.274%	$760K	$2.9M	50x	as long as short