Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h +0.022%

Price spread now: SunX against Kraken Futures−0.019%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

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

costs, in and out, $10k−$1601.597% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.019%, 7d avg −0.040%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.021% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.040%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	141.39	0.0249	pay 0.0031% / 1h	55m 39s	$3.4M	$2.1M	50x
Short	SunX AAVE-USDT	141.36	0.0100	get 0.0100% / 8h	7h 55m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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 Kraken FuturesbpFee SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$31.23
Price spread: −0.019% → −0.040%: $2.11
Slippage, 4 orders: −$141.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$188.78
Costs to cover: 1.597%
Break-even: never at this rate

Slippage from Kraken Futures: 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 Kraken Futures live order book, 3 min ago	3.18 bp	14.0 bp −$14	25.6 bp −$256	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.86 bp	65.8 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
Phemex AAVEUSDT	−0.0030%	8h	141.30	−0.064%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.60	+0.150%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.33	−0.043%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.31	−0.057%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.33	−0.043%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.133%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.28	−0.076%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.28	−0.078%	$17K	$8K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0098%	8h	141.43	+0.027%	$452K	$3.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.03	−0.254%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.41	+0.017%	$827K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.21	−0.124%	$77.1M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.14	−0.178%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.08	−0.220%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.05	−0.241%	$63.4M	$192.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.03	−0.255%	$60.7M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.05	−0.241%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.24	−0.106%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.123%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.11	−0.198%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.08	−0.220%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.11	−0.198%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.03	−0.255%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.07	−0.227%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	−0.112%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.44	+0.032%	$109K	$282K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.41	+0.014%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.42	+0.021%	$134K	$484K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	141.36	−0.019%	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	141.27	−0.085%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.45	+0.044%	$666K	$5.3M	75x	as long as short
Lighter AAVE	+0.0104%	1h	141.29	−0.071%	$4.5M	$2.5M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.02	−0.264%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.32	−0.047%	$119K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.16	−0.163%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.219%	$4K	$97K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.70	+0.219%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.61	+0.155%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.14	−0.178%	$183K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0234%	1h	141.36	−0.022%	$384K	$732K	10x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0249%	1h	141.39	long leg	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.31	−0.057%	$110K	—	100x	as long as short