Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h +0.008%

Price spread now: Aster against RISEx−0.004%7-day average +0.020% · 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−$28as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.004%, 7d avg +0.020%

Together, before fees+0.137%+ Points / potential airdropAster: Stage 5 · farm board+$14 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: Aster is 0.024% cheaper against RISEx than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	146.22	0.0107	pay 0.0013% / 1h	30m 20s	$185K	$246K	10x
Short	Aster AAVEUSDT	146.21	0.0100	get 0.0100% / 8h	7h 30m	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$1.39
Price spread: −0.004% → +0.020%: −$2.37
Slippage, 4 orders: −$11.28
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.04
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from RISEx: live order book, 43 min ago; Aster: live order book, 3 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, 43 min ago	0.41 bp	3.4 bp −$3	7.2 bp −$72	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.45 bp	10.0 bp −$10	22.4 bp −$224	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	146.30	+0.060%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0144%	1h	146.19	−0.017%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0110%	1h	146.20	−0.010%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0106%	8h	146.16	−0.038%	$4.2M	$3.8M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.21	−0.003%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.23	+0.007%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.28	+0.044%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.19	−0.017%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	+0.044%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0019%	8h	146.18	−0.024%	$29.1M	$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	+0.0019%	8h	146.18	−0.024%	$66.2M	$184.1M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.330%	$422	$51K	12x	as long as short
Gate AAVE_USDT	+0.0044%	8h	146.22	+0.003%	$7.9M	$15.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.14	−0.049%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	146.18	−0.024%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.20	−0.010%	$17.9M	$66.6M	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0071%	8h	145.82	−0.267%	$461K	$3.8M	10x	as long as short
BloFin AAVE-USDT	+0.0076%	8h	146.19	−0.017%	$3.5M	$3.5M	100x	as long as short
Bybit AAVEUSDT	+0.0085%	8h	146.19	−0.017%	$62.5M	$65.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.21	−0.007%	$123K	$146	10x	as long as short
ApeX Omni AAVEUSDT	+0.0092%	1h	146.26	+0.031%	$136K	$231K	50x	as long as short
Lighter AAVE	+0.0096%	1h	146.37	+0.105%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.17	−0.031%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.14	−0.051%	$799K	$424K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	+0.044%	$79.8M	$35.3M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	146.21	−0.004%	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.19	−0.014%	$334K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.19	−0.017%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.339%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.17	−0.031%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.18	−0.024%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.16	−0.038%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.29	+0.051%	$333K	$738K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.16	−0.036%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.80	−0.286%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.24	+0.017%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	−0.028%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.34	+0.087%	$711K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.16	−0.035%	$933K	$1.7M	50x	as long as short
RISEx AAVE/USDClong	+0.0107%	1h	146.22	long leg	$185K	$246K	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.25	+0.021%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.17	−0.031%	$786K	$2.9M	50x	as long as short