Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h +0.018%

Price spread now: RISEx against MEXC+0.052%7-day average −0.007% · 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−$5as in the Price arb table

costs, in and out, $10k−$110.110% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.052%, 7d avg −0.007%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and RISEx is 0.059% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	140.84	0.0100	pay 0.0100% / 8h	5h 02m	$22.3M	$22.1M	200x
Short	RISEx AAVE/USDC	140.91	0.0112	get 0.0014% / 1h	2m 30s	$179K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.052%Rate

Funding earned: $2.59
Price spread: +0.052% → −0.007%: $5.93
Slippage, 4 orders: −$4.97
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$2.45
Costs to cover: 0.110%
Break-even: 13.6 days

Slippage from MEXC: live order book, 4 min ago; RISEx: live order book, 43 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 MEXC live order book, 4 min ago	0.35 bp	2.0 bp −$2	5.3 bp −$53	32.5 bp −$3,248	102.2 bp −$51.1K
Sell RISEx live order book, 43 min ago	1.27 bp	4.3 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit

AAVE on 42 exchanges

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
01 Exchange AAVEUSD	−0.0032%	1h	140.88	+0.028%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0012%	1h	140.75	−0.064%	$7K	$216K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.77	−0.046%	$101K	$6K	10x	as long as short
Bybit AAVEUSDT	0.0000%	8h	140.81	−0.021%	$60.8M	$58.9M	75x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.82	−0.014%	$41K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.78	−0.043%	$207K	$304K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.79	−0.033%	$78K	—	150x	as long as short
Phoenix AAVE	+0.0028%	1h	140.77	−0.050%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.755%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.71	−0.094%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAVE	+0.0065%	8h	140.68	−0.115%	$3.6M	$758K	—	as long as short
Phemex AAVEUSDT	+0.0073%	8h	140.82	−0.014%	$3.9M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.78	−0.043%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.01	+0.119%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.81	−0.024%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.81	−0.018%	$810K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.04	+0.142%	$77.5M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.89	+0.038%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.85	+0.011%	$343K	$299K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.85	+0.006%	$63.5M	$158.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.82	−0.014%	$16.2M	$51.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.99	+0.107%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.85	+0.007%	$8.1M	$13.7M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	140.84	long leg	$22.3M	$22.1M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	140.88	+0.028%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.85	+0.007%	$29.1M	$15.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.84	0.000%	—	$6.5M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.61	−0.164%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.67	−0.121%	$444K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.70	−0.099%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.94	+0.071%	$132K	$367K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.76	−0.059%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.16	+0.231%	$637K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.73	−0.079%	$165K	$20K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.79	−0.037%	$912K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.82	−0.012%	$119K	—	10x	as long as short
RISEx AAVE/USDCshort	+0.0112%	1h	140.91	+0.052%	$179K	$227K	10x
Backpack AAVE_USDC_PERP	+0.0141%	1h	140.89	+0.036%	$386K	$593K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.72	−0.085%	$3.2M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.93	+0.064%	$751K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.80	−0.030%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.88	+0.027%	$3.4M	$1.8M	50x	as long as short