Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.043%
Price spread now: SunX against Coinbase International−0.045%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.045%, 7d avg −0.076%
=The price spread pays, funding is against you. SunX is 0.031% dearer against Coinbase International than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.076%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.131% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAVE-PERP-INTX | 146.42 | 0.0296 | pay 0.0037% / 1h | 16m 11s | $785K | $2.9M | 50x |
| Short | SunX AAVE-USDT | 146.35 | 0.0100 | get 0.0100% / 8h | 7h 16m | $1K | $1.3M | 20x |
Coinbase International AAVE-PERP-INTX
SunX AAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.16
- Price spread: −0.045% → −0.076%
- $3.09
- Slippage, 4 orders
- −$142.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$198.17
- Costs to cover
- 1.601%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; SunX: live order book, 8 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 Coinbase International live order book, 3 min ago | 4.45 bp | 12.1 bp −$12 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 44.91 bp | 66.6 bp −$67 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.48 | +0.040% | $3.5M | $2.0M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0152% | 1h | 146.39 | −0.020% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0088% | 1h | 146.35 | −0.048% | $5K | $305K | 10x | as long as short |
| Phemex AAVEUSDT | −0.0061% | 8h | 146.32 | −0.068% | $4.2M | $3.8M | 50x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0023% | 1h | 146.34 | −0.055% | $255K | $369K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.31 | −0.078% | $104K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.36 | −0.041% | $78K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.33 | −0.061% | $5K | $102K | 10x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.33 | −0.061% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0022% | 8h | 146.38 | −0.027% | $28.9M | $25.8M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
SoDEX AAVE-USD
Phemex AAVEUSDT
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0022% | 8h | 146.40 | −0.014% | $66.3M | $183.5M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.461% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.25 | −0.114% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0045% | 8h | 146.26 | −0.109% | $18K | $10K | 10x | as long as short |
| Gate AAVE_USDT | +0.0057% | 8h | 146.27 | −0.102% | $7.9M | $15.3M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0064% | 8h | 146.39 | −0.020% | $17.9M | $66.4M | 50x | as long as short |
| ApeX Omni AAVEUSDT | +0.0074% | 1h | 146.56 | +0.096% | $136K | $231K | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.38 | −0.028% | $124K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0088% | 8h | 146.04 | −0.260% | $3.5M | $3.5M | 100x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.57 | +0.102% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.37 | −0.036% | $14K | $4K | 20x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.38 | −0.027% | $62.7M | $65.0M | 75x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.34 | −0.055% | $800K | $423K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.44 | +0.014% | $79.8M | $35.4M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.35 | −0.047% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.37 | −0.037% | $334K | $503K | 10x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.39 | −0.020% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.79 | −0.433% | $59K | $2K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.37 | −0.034% | $11.1M | $9.0M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.36 | −0.041% | $30.3M | $17.9M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 146.27 | −0.102% | — | $44.1M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.21 | −0.143% | $334K | $735K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.27 | −0.101% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.46 | +0.030% | $106K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 146.48 | +0.041% | $464K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.38 | −0.027% | $127K | $416K | 10x | as long as short |
| SunX AAVE-USDTshort | +0.0100% | 8h | 146.35 | −0.045% | $1K | $1.3M | 20x | |
| HTX AAVE-USDT | +0.0100% | 8h | 146.64 | +0.148% | $713K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.26 | −0.106% | $939K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.42 | −0.001% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0373% | 1h | 146.32 | −0.071% | $130K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTXlong | +0.0296% | 1h | 146.42 | long leg | $785K | $2.9M | 50x |
Binance AAVEUSDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
OKX AAVE-USDT-SWAP
ApeX Omni AAVEUSDT
Aevo AAVE-PERP
BloFin AAVE-USDT
Lighter AAVE
Paradex AAVE-USD-PERP
Bybit AAVEUSDT
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]