Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.013%

Price spread now: Gate against RISEx−0.037%7-day average −0.002% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.037%, 7d avg −0.002%

Together, before fees+0.069%+$7 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 Gate is 0.035% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	146.20	0.0106	pay 0.0013% / 1h	57m 19s	$186K	$246K	10x
Short	Gate AAVE_USDT	146.15	0.0074	get 0.0074% / 8h	57m 19s	$7.9M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.037%Rate

Funding earned: −$6.71
Price spread: −0.037% → −0.002%: −$3.55
Slippage, 4 orders: −$17.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.55
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from RISEx: live order book, 21 min ago; Gate: 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, 21 min ago	1.31 bp	4.3 bp −$4	7.8 bp −$78	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.05 bp	13.1 bp −$13	31.3 bp −$313	46.2 bp −$4,619	52.3 bp −$26.2K

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
Phoenix AAVE	−0.0045%	1h	146.30	+0.066%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.19	−0.010%	$256K	$417K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.055%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.19	−0.010%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	+0.004%	$74K	$1.5M	3.4x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	146.17	−0.023%	$5K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.28	+0.050%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.22	+0.007%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.323%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.13	−0.051%	$30.6M	$25.5M	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	146.15	−0.037%	$66.6M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.14	−0.045%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.15	−0.037%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.17	−0.023%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDTshort	+0.0074%	8h	146.15	−0.037%	$7.9M	$15.8M	75x
Aevo AAVE-PERP	+0.0088%	1h	146.19	−0.006%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.38	+0.117%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.18	−0.019%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.054%	$809K	$437K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.20	−0.002%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	−0.006%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.16	−0.030%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.030%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.283%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.14	−0.044%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.19	−0.010%	$30.6M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.17	−0.023%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.451%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.73	−0.322%	$105K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.407%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.79	−0.283%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.22	+0.011%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.16	−0.029%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.098%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.064%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.15	−0.040%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDClong	+0.0106%	1h	146.20	long leg	$186K	$246K	10x
BloFin AAVE-USDT	+0.0163%	8h	146.17	−0.023%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0175%	1h	146.33	+0.086%	$80.8M	$34.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0180%	1h	146.31	+0.072%	$354K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.22	+0.009%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.154%	$795K	$3.1M	50x	as long as short