Funding arb · Price arb /

AAVE

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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 +0.013%

Price spread now: SunX against Bitget+0.173%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1521.525% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.173%, 7d avg +0.008%

Together, before fees+0.002%$0 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 0.165% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	141.54	0.0100	pay 0.0100% / 8h	59m 01s	$28.9M	$17.9M	75x
Short	SunX AAVE-USDT	141.78	0.0100	get 0.0100% / 8h	59m 01s	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.008%: $16.53
Slippage, 4 orders: −$132.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$135.92
Costs to cover: 1.525%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 5 min ago	0.70 bp	11.3 bp −$11	16.8 bp −$168	58.0 bp −$5,801	doesn't fit
Sell SunX live order book, 5 min ago	44.92 bp	65.9 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
Nado AAVE-PERP	−0.0131%	1h	141.72	+0.131%	$825K	$396K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0032%	1h	141.72	+0.127%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.90	+0.254%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	+0.162%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.75	+0.146%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.236%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.69	+0.104%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0081%	8h	141.71	+0.120%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.403%	$5K	$97K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.88	+0.240%	$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	141.79	+0.178%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.81	+0.191%	$77.5M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.71	+0.120%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.83	+0.205%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.61	+0.049%	$63.5M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.60	+0.042%	$61.2M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.61	+0.049%	$16.9M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.89	+0.247%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	+0.159%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.69	+0.106%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.71	+0.120%	$24.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.73	+0.134%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	141.54	long leg	$28.9M	$17.9M	75x
BingX AAVE-USDT	+0.0100%	8h	141.66	+0.085%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	+0.212%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.88	+0.240%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.92	+0.271%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.95	+0.290%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.79	+0.177%	$140K	$470K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	141.78	+0.173%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	141.71	+0.120%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.91	+0.262%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.76	+0.155%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.65	+0.075%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.74	+0.140%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	141.78	+0.170%	$389K	$728K	10x	as long as short
01 Exchange AAVEUSD	+0.0168%	1h	141.86	+0.226%	$10K	$2K	5x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.74	+0.141%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.78	+0.171%	$188K	$273K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.73	+0.135%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.29	+0.530%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.83	+0.202%	$3.4M	$2.1M	50x	as long as short