Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.003%

Price spread now: RISEx against KuCoin+0.013%7-day average −0.003% · 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−$41as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.013%, 7d avg −0.003%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.03	0.0100	pay 0.0100% / 8h	2h 45m	$10.3M	$9.4M	75x
Short	RISEx AAVE/USDC	143.05	0.0207	get 0.0026% / 1h	45m 12s	$186K	$251K	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 +0.013%Rate

Funding earned: $22.51
Price spread: +0.013% → −0.003%: $1.52
Slippage, 4 orders: −$24.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.52
Costs to cover: 0.425%
Break-even: 12.8 days

Slippage from KuCoin: live order book, 8 min ago; RISEx: 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 KuCoin live order book, 8 min ago	1.75 bp	16.1 bp −$16	27.3 bp −$273	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	1.40 bp	4.4 bp −$4	8.7 bp −$87	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
Nado AAVE-PERP	−0.0054%	1h	143.02	−0.007%	$833K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.04	+0.004%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.10	+0.049%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.88	−0.105%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.90	−0.094%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.244%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.98	−0.034%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0063%	8h	142.86	−0.119%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0069%	8h	142.99	−0.028%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	143.04	+0.007%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	143.00	−0.023%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.15	+0.084%	$78.3M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.01	−0.011%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.05	+0.013%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.96	−0.049%	$63.8M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	−0.063%	$61.2M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.87	−0.112%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.09	+0.042%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.94	−0.064%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.05	+0.014%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.05	+0.014%	$25.7M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.03	long leg	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.93	−0.070%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.90	−0.091%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.88	−0.105%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.12	+0.062%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.11	+0.056%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.13	+0.070%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.09	+0.042%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.87	−0.112%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.87	−0.112%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.23	+0.141%	$684K	$5.2M	75x	as long as short
Backpack AAVE_USDC_PERP	+0.0101%	1h	143.04	+0.007%	$336K	$727K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.81	−0.152%	$908K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.91	−0.087%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.34	+0.217%	$4K	$106K	10x	as long as short
RISEx AAVE/USDCshort	+0.0207%	1h	143.05	+0.013%	$186K	$251K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.96	−0.049%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	143.02	−0.010%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.91	−0.086%	$112K	—	100x	as long as short
Lighter AAVE	+0.0352%	1h	143.12	+0.064%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	+0.007%	$791K	$2.8M	50x	as long as short