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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRnext payment $0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Injective against RISEx−5.741%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Injective is 5.741% cheaper against RISEx than usual: you would sell low and buy high (−$574 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx AAVE/USDC145.300.0046pay 0.0006% / 1h7m 51s$181K$245K10x
ShortInjective AAVE/USDC PERP136.960.0033get 0.0004% / 1h7m 51s$422$51K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$2.68
Price spread: −5.741% → 0.000%
−$574.07
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$582.77
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.

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, 10 min ago1.31 bp4.3 bp −$47.8 bp −$78doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD−0.0128%1h145.25−0.035%$11K$2K5xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0094%1h145.16−0.097%$255K$443K50xas long as short
Phoenix AAVE−0.0045%1h145.09−0.145%$5K$100K10xas long as short
SoDEX AAVE-USD−0.0025%1h145.16−0.097%$5K$298K10xas long as short
dYdX AAVE-USD0.0000%1h145.18−0.080%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.17−0.090%$67K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.24−0.042%$70K150xas long as short
Injective AAVE/USDC PERPshort+0.0033%1h136.96−5.741%$422$51K12x
MEXC AAVE_USDT+0.0038%8h145.21−0.063%$30.7M$26.0M200xas long as short
Binance AAVEUSDT+0.0038%8h145.20−0.070%$66.2M$185.2M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya AAVERUSDPERP+0.0044%1h145.15−0.107%20xas long as short
RISEx AAVE/USDClong+0.0046%1h145.30long leg$181K$245K10x
Orderly PERP_AAVE_USDC+0.0051%8h145.14−0.111%$18K$12K10xas long as short
Kraken Futures PF_AAVEUSD+0.0054%1h145.27−0.019%$3.5M$2.1M50xas long as short
OKX AAVE-USDT-SWAP+0.0057%8h145.18−0.084%$17.6M$67.0M50xas long as short
Gate AAVE_USDT+0.0066%8h145.20−0.070%$7.8M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.19−0.076%$123K$14610xas long as short
Lighter AAVE+0.0096%1h145.36+0.040%$4.7M$1.6M10xas long as short
GRVT AAVE_USDT_Perp+0.0099%8h145.02−0.192%$458K$3.8M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.31+0.008%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.24−0.039%$804K$436K10xas long as short
Hyperliquid AAVE+0.0100%1h145.31+0.006%$79.9M$33.8M10xas long as short
Aster AAVEUSDT+0.0100%8h145.23−0.050%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.35+0.033%$332K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.20−0.070%$62.0M$65.9M75xas long as short
Arcus AAVE-USD+0.0100%1h145.28−0.015%$50K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h145.13−0.120%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.18−0.084%$9.9M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.21−0.063%$30.3M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h145.20−0.070%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.27−0.022%$347K$723K10xas long as short
Variational Omni AAVE+0.0100%8h145.04−0.183%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h145.06−0.168%$104K$315K20xas long as short
ApeX Omni AAVEUSDT+0.0100%1h145.10−0.139%$135K$228K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.29−0.008%$127K$467K10xas long as short
SunX AAVE-USDT+0.0100%8h145.16−0.095%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.35+0.032%$696K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.19−0.077%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.17−0.094%$931K$1.7M50xas long as short
BloFin AAVE-USDT+0.0154%8h145.38+0.054%$3.5M$4.0M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h145.22−0.059%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0272%1h145.06−0.166%$787K$3.0M50xas long as short