Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX+0.026%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3233.227% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.026%, 7d avg −0.022%

Together, before fees+0.295%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.048% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.34	0	get 0.0000% / 1h	50m 20s	$103K	$4K	10x
Short	SunX AAVE-USDT	144.38	0.0100	get 0.0100% / 8h	6h 50m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $21
Price spread: +0.026% → −0.022%: $4.78
Slippage, 4 orders: −$304.71
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$296.93
Costs to cover: 3.227%
Break-even: 106.0 days

Slippage from dYdX: live order book, 18 min ago; SunX: live order book, 4 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 dYdX live order book, 18 min ago	67.94 bp	113.3 bp −$113	114.3 bp −$1,143	307.1 bp −$30.7K	783.6 bp −$391.8K
Sell SunX live order book, 4 min ago	44.91 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
01 Exchange AAVEUSD	−0.0056%	1h	144.46	+0.084%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0050%	1h	143.99	−0.242%	$134K	$230K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.56	+0.150%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.34	long leg	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.18	−0.110%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.44	+0.070%	$251K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	+0.045%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.22	−0.083%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.112%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.42	+0.056%	$27.6M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0037%	8h	144.39	+0.034%	$65.1M	$185.5M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0043%	8h	144.44	+0.070%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.37	+0.023%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	144.40	+0.042%	$17.5M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.46	+0.084%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.49	+0.104%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.61	+0.187%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.46	+0.085%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.35	+0.011%	$799K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.51	+0.118%	$78.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.077%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	+0.060%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.39	+0.035%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.47	+0.091%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.153%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.38	+0.028%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.52	+0.125%	$10.9M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.36	+0.014%	$29.9M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.38	+0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.36	+0.014%	$327K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.23	−0.074%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.330%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.95	−0.271%	$455K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.47	+0.091%	$125K	$417K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	144.38	+0.026%	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.45	+0.077%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.72	+0.265%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	+0.091%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.41	+0.051%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0144%	8h	144.16	−0.124%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.40	+0.041%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.47	+0.091%	$775K	$2.8M	50x	as long as short