Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against BingX−0.232%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1431.432% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.702%+$70 · spread now −0.232%, 7d avg +0.001%

Together, before fees+0.741%+$74 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 0.233% cheaper against BingX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	142.89	0.0100	pay 0.0100% / 8h	4h 03m	—	$43.8M	—
Short	SunX AAVE-USDT	142.56	0.0100	get 0.0100% / 8h	4h 03m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.232%Rate

Funding earned: $0
Price spread: −0.232% → +0.001%: −$23.3
Slippage, 4 orders: −$125.21
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.51
Costs to cover: 1.432%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; SunX: live order book, 10 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 BingX live order book, 10 min ago	0.70 bp	5.7 bp −$6	9.4 bp −$94	17.0 bp −$1,702	43.1 bp −$21.6K
Sell SunX live order book, 10 min ago	44.90 bp	66.0 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	−0.0136%	1h	142.60	−0.203%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.90	+0.005%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	−0.175%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.69	−0.140%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.68	−0.146%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0012%	1h	142.56	−0.231%	$839K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.150%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.65	−0.170%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	142.65	−0.168%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.01	+0.084%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0074%	1h	142.68	−0.147%	$5K	$302K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.08	+0.135%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.58	−0.214%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.13	+0.168%	$77.9M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.91	+0.014%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.58	−0.217%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.98	+0.062%	$63.8M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	+0.035%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.97	+0.056%	$17.1M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	−0.140%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.252%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.93	+0.028%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.90	+0.007%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.90	+0.007%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.89	0.000%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	142.89	long leg	—	$43.8M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.91	+0.014%	$335K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.112%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.88	−0.008%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.011%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.90	+0.007%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.72	−0.119%	$124K	$386K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	142.56	−0.232%	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	142.82	−0.046%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.72	−0.119%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.81	−0.056%	$898K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.69	−0.137%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.66	−0.164%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.55	−0.238%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.68	−0.145%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.85	−0.029%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+0.021%	$793K	$2.8M	50x	as long as short