Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.003%

Price spread now: RISEx against KuCoin−0.031%7-day average −0.003% · 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−$41as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.031%, 7d avg −0.003%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	146.62	0.0100	pay 0.0100% / 8h	7h 22m	$10.4M	$8.8M	75x
Short	RISEx AAVE/USDC	146.57	0.0107	get 0.0013% / 1h	22m 42s	$185K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.031%Rate

Funding earned: $1.39
Price spread: −0.031% → −0.003%: −$2.84
Slippage, 4 orders: −$20.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$39.46
Costs to cover: 0.380%
Break-even: 206.0 days

Slippage from KuCoin: live order book, 6 min ago; RISEx: live order book, 50 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 KuCoin live order book, 6 min ago	0.68 bp	17.0 bp −$17	34.3 bp −$343	doesn't fit	doesn't fit
Sell RISEx live order book, 50 min ago	0.41 bp	3.4 bp −$3	8.8 bp −$88	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	−0.0184%	1h	146.74	+0.082%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.47	−0.102%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0086%	1h	146.62	0.000%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0076%	8h	146.60	−0.014%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.71	+0.061%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.56	−0.041%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.78	+0.109%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.67	+0.034%	$256K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.71	+0.061%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	146.58	−0.027%	$29.2M	$25.8M	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	+0.0021%	8h	146.70	+0.055%	$66.5M	$183.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.588%	$422	$51K	12x	as long as short
Gate AAVE_USDT	+0.0036%	8h	146.63	+0.007%	$8.0M	$15.3M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.62	+0.002%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	146.62	0.000%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.56	−0.041%	$18.0M	$66.7M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0078%	1h	146.28	−0.232%	$136K	$231K	50x	as long as short
Bybit AAVEUSDT	+0.0083%	8h	146.59	−0.020%	$62.8M	$65.1M	75x	as long as short
BloFin AAVE-USDT	+0.0088%	8h	146.57	−0.034%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.64	+0.014%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.89	+0.181%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.51	−0.076%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.54	−0.051%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.69	+0.048%	$80.0M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.64	+0.014%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.55	−0.048%	$335K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.54	−0.055%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	−0.180%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	146.62	long leg	$10.4M	$8.8M	75x
Bitget AAVEUSDT	+0.0100%	8h	146.64	+0.014%	$30.4M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.59	−0.020%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.72	+0.068%	$335K	$738K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.55	−0.047%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.59	−0.020%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	0.000%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.76	+0.095%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.60	−0.011%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.88	+0.176%	$714K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.53	−0.063%	$938K	$1.7M	50x	as long as short
RISEx AAVE/USDCshort	+0.0107%	1h	146.57	−0.031%	$185K	$246K	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.72	+0.066%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.74	+0.082%	$787K	$2.9M	50x	as long as short