Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.028%

Price spread now: BloFin against RISEx+0.029%97s7-day average +0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.267% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now +0.029%, 7d avg +0.011%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	146.36	0.0106	pay 0.0013% / 1h	49m 23s	$186K	$246K	10x
Short	BloFin AAVE-USDT	146.40	0.0163	get 0.0163% / 8h	49m 23s	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $11.88
Price spread: +0.029% → +0.011%: $1.78
Slippage, 4 orders: −$8.73
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.07
Costs to cover: 0.267%
Break-even: 14.7 days

Slippage from RISEx: live order book, 29 min ago; BloFin: live order book, 4 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, 29 min ago	1.31 bp	4.3 bp −$4	7.8 bp −$78	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.68 bp	7.3 bp −$7	11.5 bp −$115	31.0 bp −$3,101	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	−0.0091%	1h	146.37	+0.009%	$256K	$412K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.35	−0.005%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	146.32	−0.026%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.40	+0.032%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.42	+0.043%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.44	+0.056%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	−0.002%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	146.36	+0.002%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.421%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.28	−0.053%	$30.8M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.25	−0.076%	$66.7M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.26	−0.069%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.18	−0.121%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.16	−0.135%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.30	−0.039%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.38	+0.015%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.55	+0.132%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	−0.046%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.28	−0.056%	$809K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.31	−0.030%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.37	+0.010%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.18	−0.121%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.32	−0.026%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.092%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.31	−0.032%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.30	−0.039%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.29	−0.046%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.38	+0.013%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.35	−0.002%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.43	+0.052%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.41	+0.036%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.35	−0.005%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.44	+0.057%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.62	+0.178%	$702K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.40	+0.029%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.071%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDClong	+0.0106%	1h	146.36	long leg	$186K	$246K	10x
BloFin AAVE-USDTshort	+0.0163%	8h	146.40	+0.029%	$3.5M	$4.0M	100x
Hyperliquid AAVE	+0.0178%	1h	146.49	+0.091%	$80.9M	$34.4M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0216%	1h	146.45	+0.063%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.33	−0.018%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.050%	$795K	$3.0M	50x	as long as short