Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Aevo−0.038%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2052.051% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.038%, 7d avg −0.018%

Together, before fees+0.019%+$2 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: SunX is 0.020% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.20	0.0104	pay 0.0013% / 1h	39m 03s	$120K	$146	10x
Short	SunX AAVE-USDT	142.15	0.0100	get 0.0100% / 8h	1h 39m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$0.84
Price spread: −0.038% → −0.018%: −$2.04
Slippage, 4 orders: −$181.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$207.94
Costs to cover: 2.051%
Break-even: never at this rate

Slippage from Aevo: live order book, 5 min ago; SunX: live order book, 5 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 Aevo live order book, 5 min ago	23.51 bp	37.3 bp −$37	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	44.88 bp	65.1 bp −$65	doesn't fit	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
dYdX AAVE-USD	0.0000%	1h	142.24	+0.028%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.19	−0.009%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	−0.002%	$216K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.18	−0.016%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.687%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.13	−0.049%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0064%	1h	142.15	−0.037%	$822K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	142.17	−0.023%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.52	+0.223%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.35	+0.107%	$4.5M	$2.4M	10x	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	142.14	−0.047%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.25	+0.036%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.17	−0.023%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.21	+0.005%	$64.0M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.19	−0.009%	$61.1M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.20	−0.002%	$17.0M	$65.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.27	+0.048%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.21	+0.005%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.20	−0.002%	$24.8M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.22	+0.012%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.16	−0.030%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.21	+0.005%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.28	+0.055%	$334K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.40	+0.139%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.41	+0.148%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.48	+0.194%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.45	+0.174%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.23	+0.019%	$141K	$471K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	142.15	−0.038%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.21	+0.005%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.180%	$676K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.27	+0.048%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.108%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.15	−0.037%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.20	long leg	$120K	$146	10x
01 Exchange AAVEUSD	+0.0128%	1h	142.21	+0.005%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0169%	1h	142.33	+0.090%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.20	−0.002%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	+0.034%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.23	+0.020%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.32	+0.083%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.30	+0.070%	$3.4M	$2.1M	50x	as long as short