Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0019%/8h= −2.0% APRnext payment $0.02 per $10,000 · paid last 24h +0.008%
Price spread now: Aevo against RISEx−0.021%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.040%+$4 on $10k
Price spread, last 3 days (all we have)+0.105%+$11 · spread now −0.021%, 7d avg +0.011%
Together, before fees+0.145%+$15 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 Aevo is 0.032% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx AAVE/USDC145.820.0107pay 0.0013% / 1h4m 21s$185K$245K10x
ShortAevo AAVE-PERP145.790.0088get 0.0011% / 1h4m 21s$123K$14610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
−$3.91
Price spread: −0.021% → +0.011%
−$3.2
Slippage, 4 orders
−$78.42
Fee RISEx: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$107.53
Costs to cover
1.004%
Break-even
never at this rate
Slippage from RISEx: live order book, 4 min ago; Aevo: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago2.63 bp5.6 bp −$611.0 bp −$110doesn't fitdoesn't fit
Sell Aevo live order book, 4 min ago29.39 bp45.7 bp −$46doesn't fitdoesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AAVEUSD−0.0185%1h145.82+0.001%$3.5M$2.0M50xas long as short
01 Exchange AAVEUSD−0.0136%1h145.73−0.060%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0037%1h145.73−0.060%$5K$302K10xas long as short
dYdX AAVE-USD0.0000%1h145.86+0.026%$104K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.72−0.067%$66K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h146.22+0.276%$5K$102K10xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h145.80−0.012%$254K$367K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.88+0.043%$71K150xas long as short
Phemex AAVEUSDT+0.0017%8h145.78−0.026%$4.2M$3.8M50xas long as short
MEXC AAVE_USDT+0.0027%8h145.79−0.019%$28.5M$26.0M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0029%8h145.69−0.087%$66.0M$183.2M75xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.074%$422$51K12xas long as short
Orderly PERP_AAVE_USDC+0.0044%8h145.77−0.033%$18K$10K10xas long as short
Reya AAVERUSDPERP+0.0044%1h145.79−0.022%20xas long as short
OKX AAVE-USDT-SWAP+0.0064%8h145.58−0.163%$17.7M$66.0M50xas long as short
ApeX Omni AAVEUSDT+0.0065%1h146.47+0.447%$136K$231K50xas long as short
Aevo AAVE-PERPshort+0.0088%1h145.79−0.021%$123K$14610x
Lighter AAVE+0.0096%1h145.91+0.061%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.92+0.071%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.80−0.014%$798K$423K10xas long as short
Hyperliquid AAVE+0.0100%1h145.93+0.077%$79.5M$35.4M10xas long as short
Aster AAVEUSDT+0.0100%8h145.80−0.014%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.88+0.042%$333K$469K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.63−0.129%$62.4M$64.8M75xas long as short
Arcus AAVE-USD+0.0100%1h145.83+0.009%$46K$246K10xas long as short
Gate AAVE_USDT+0.0100%8h145.84+0.015%$7.9M$15.4M75xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.85+0.022%$11.0M$9.1M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.71−0.074%$30.2M$18.0M75xas long as short
BingX AAVE-USDT+0.0100%8h145.78−0.026%$44.2Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.65−0.115%$332K$742K10xas long as short
Variational Omni AAVE+0.0100%8h145.38−0.301%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h146.11+0.201%$105K$317K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.52+0.482%$466K$3.7M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.85+0.022%$126K$417K10xas long as short
SunX AAVE-USDT+0.0100%8h145.78−0.022%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.89+0.052%$708K$5.2M75xas long as short
Bulk AAVE-USD+0.0100%1h146.28+0.317%$59K$2K10xas long as short
Extended AAVE-USD+0.0104%1h145.69−0.089%$934K$1.7M50xas long as short
RISEx AAVE/USDClong+0.0107%1h145.82long leg$185K$245K10x
BloFin AAVE-USDT+0.0109%8h145.51−0.211%$3.5M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0235% / S −0.0373%1h145.86+0.027%$130K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h145.92+0.070%$781K$2.9M50xas long as short