Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: SunX against Extended−0.027%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1501.502% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.027%, 7d avg +0.053%

Together, before fees+0.178%+ Points / potential airdropExtended: Active · farm board+$18 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 0.080% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	146.39	0.0104	pay 0.0013% / 1h	15m 43s	$939K	$1.7M	50x
Short	SunX AAVE-USDT	146.35	0.0100	get 0.0100% / 8h	7h 15m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$0.84
Price spread: −0.027% → +0.053%: −$8.03
Slippage, 4 orders: −$137.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$159.08
Costs to cover: 1.502%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 3 min ago	4.45 bp	8.4 bp −$8	34.8 bp −$348	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	+0.058%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.39	−0.002%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0088%	1h	146.35	−0.030%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0061%	8h	146.32	−0.050%	$4.2M	$3.8M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.34	−0.037%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.55	+0.107%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.36	−0.023%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.33	−0.043%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.33	−0.043%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0022%	8h	146.50	+0.073%	$28.9M	$25.8M	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	+0.0023%	8h	146.52	+0.086%	$66.3M	$183.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.444%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.096%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.26	−0.091%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.48	+0.059%	$17.9M	$66.4M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0074%	1h	146.56	+0.114%	$136K	$231K	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.50	+0.073%	$7.9M	$15.3M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.38	−0.010%	$124K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0088%	8h	146.04	−0.241%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.62	+0.157%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.50	+0.073%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.34	−0.037%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.52	+0.086%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.47	+0.053%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.53	+0.093%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.51	+0.080%	$62.7M	$65.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.45	+0.039%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.415%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.46	+0.045%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.44	+0.032%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.50	+0.073%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.48	+0.059%	$332K	$736K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	−0.083%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	+0.048%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	+0.059%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.38	−0.009%	$127K	$416K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	146.35	−0.027%	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.64	+0.166%	$713K	$5.2M	75x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	146.39	long leg	$939K	$1.7M	50x
RISEx AAVE/USDC	+0.0107%	1h	146.48	+0.058%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.32	−0.053%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.018%	$785K	$2.9M	50x	as long as short