Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Arcus−0.028%7-day average −0.019% · 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−$148as in the Price arb table

costs, in and out, $10k−$1471.467% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.448%+$45 · spread now −0.028%, 7d avg −0.019%

Together, before fees+0.453%+$45 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	143.95	0.0100	pay 0.0013% / 1h	42m 18s	$44K	$181K	10x
Short	SunX AAVE-USDT	143.91	0.0100	get 0.0100% / 8h	5h 42m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.019%: −$0.87
Slippage, 4 orders: −$134.23
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$147.6
Costs to cover: 1.467%
Break-even: never at this rate

Slippage from Arcus: live order book, 21 min ago; SunX: live order book, 2 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 Arcus live order book, 21 min ago	2.42 bp	8.2 bp −$8	24.5 bp −$245	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	44.90 bp	65.8 bp −$66	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
01 Exchange AAVEUSD	−0.0064%	1h	143.91	−0.028%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.92	−0.017%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.87	−0.056%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.92	−0.021%	$239K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.95	+0.003%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.856%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.87	−0.056%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.90	−0.038%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.327%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	143.90	−0.035%	$835K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.88	−0.049%	$17.2M	$63.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	144.08	+0.090%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.92	−0.023%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.02	+0.049%	$77.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.98	+0.023%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	−0.007%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.94	−0.007%	$64.5M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.96	+0.007%	$61.6M	$64.3M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	143.95	long leg	$44K	$181K	10x
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.273%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.95	0.000%	$7.9M	$15.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.96	+0.007%	$26.1M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.97	+0.014%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.97	+0.014%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.95	0.000%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	+0.028%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.403%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.46	−0.343%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.678%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.56	−0.271%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.94	−0.007%	$126K	$419K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	143.91	−0.028%	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	143.93	−0.014%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.02	+0.049%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.85	−0.069%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.88	−0.046%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.93	−0.011%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.97	+0.015%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	−0.021%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.95	+0.003%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.01	+0.042%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	+0.097%	$780K	$2.8M	50x	as long as short