Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: SunX against gTrade (Gains Network)−0.083%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SunX is 0.083% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	146.49	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	50m 47s	$71K	—	150x
Short	SunX AAVE-USDT	146.37	0.0100	get 0.0100% / 8h	50m 47s	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $19.96
Price spread: −0.083% → 0.000%: −$8.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$6.37
Costs to cover: 0.180%
Break-even: 9.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 3 min ago	44.86 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phoenix AAVE	−0.0027%	1h	146.35	−0.098%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0024%	1h	146.44	−0.036%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.46	−0.023%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.55	+0.036%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.33	−0.111%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.50	+0.003%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	146.49	long leg	$71K	—	150x
01 Exchange AAVEUSD	+0.0016%	1h	146.48	−0.009%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.507%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.53	+0.025%	$31.1M	$25.6M	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	+0.0043%	8h	146.55	+0.041%	$66.8M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.38	−0.080%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.44	−0.036%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.46	−0.023%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.55	+0.039%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.48	−0.012%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.74	+0.171%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.53	+0.026%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.41	−0.057%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.52	+0.022%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.59	+0.066%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.49	−0.002%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.48	−0.009%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	0.000%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.54	+0.032%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.49	−0.002%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.48	−0.009%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.121%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.115%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	−0.068%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.145%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.47	−0.016%	$128K	$466K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	146.37	−0.083%	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.49	+0.001%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.39	−0.070%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.43	−0.042%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.52	+0.020%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.40	−0.063%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0193%	1h	146.73	+0.162%	$81.1M	$34.3M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0228%	1h	146.53	+0.025%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.50	+0.002%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	−0.043%	$795K	$3.0M	50x	as long as short