Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.004%

Price spread now: RISEx against Bitget+0.061%48s7-day average +0.018% · 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−$330.331% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.061%, 7d avg +0.018%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.044% dearer against Bitget than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.018%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 3 days (−0.035% in total) that is about 4.4 days. The two prices were read 48 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	Bitget AAVEUSDT	143.92	0.0100	pay 0.0100% / 8h	6h 41m	$29.9M	$18.2M	75x
Short	RISEx AAVE/USDC	144.01	0.0089	get 0.0011% / 1h	41m 55s	$184K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$2.21
Price spread: +0.061% → +0.018%: $4.39
Slippage, 4 orders: −$15.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$30.9
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; RISEx: live order book, 26 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 Bitget live order book, 2 min ago	0.35 bp	10.8 bp −$11	15.7 bp −$157	63.4 bp −$6,340	doesn't fit
Sell RISEx live order book, 26 min ago	2.63 bp	5.6 bp −$6	10.4 bp −$104	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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.99	+0.052%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.94	+0.014%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0009%	1h	144.47	+0.382%	$134K	$230K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.07	+0.104%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.94	+0.014%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.89	−0.021%	$250K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.94	+0.010%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.20	+0.195%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.836%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	144.02	+0.069%	$27.3M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.87	−0.035%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.91	−0.008%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0044%	8h	143.99	+0.051%	$65.0M	$185.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	143.93	+0.007%	$17.4M	$65.9M	50x	as long as short
RISEx AAVE/USDCshort	+0.0089%	1h	144.01	+0.061%	$184K	$232K	10x
SoDEX AAVE-USD	+0.0091%	1h	143.90	−0.014%	$5K	$302K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.12	+0.140%	$4.6M	$1.4M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.92	0.000%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.09	+0.118%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.97	+0.038%	$800K	$429K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.09	+0.118%	$78.3M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.01	+0.062%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.05	+0.090%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.95	+0.021%	$61.6M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.00	+0.056%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.361%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.02	+0.069%	$7.7M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.13	+0.146%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	143.92	long leg	$29.9M	$18.2M	75x
BingX AAVE-USDT	+0.0100%	8h	144.00	+0.056%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.07	+0.104%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.252%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.317%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.19	+0.187%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.97	+0.035%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.93	+0.005%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.246%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.98	+0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.98	+0.045%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.424%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.94	+0.014%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.64	+0.500%	$778K	$2.8M	50x	as long as short