Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.023%
Price spread now: SunX against Orderly−0.033%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. SunX is 0.033% cheaper against Orderly than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_AAVE_USDC146.390.0050pay 0.0050% / 8h55m 37s$18K$12K10x
ShortSunX AAVE-USDT146.340.0100get 0.0100% / 8h55m 37s$2K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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

Funding earned
$10.49
Price spread: −0.033% → 0.000%
−$3.28
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
−$6.79
Costs to cover
0.140%
Break-even
11.5 days
Slippage unknown: Orderly: no order-book sample; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell SunX live order book, 8 min ago44.91 bp68.0 bp −$68doesn't fitdoesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix AAVE−0.0045%1h146.30−0.061%$5K$99K10xas long as short
dYdX AAVE-USD0.0000%1h146.42+0.020%$104K$5K10xas long as short
01 Exchange AAVEUSD0.0000%1h146.42+0.020%$11K$2K5xas long as short
Kalshi KXAAVEPERP0.0000%8h146.28−0.075%$85K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h146.45+0.041%$256K$412K50xas long as short
SoDEX AAVE-USD+0.0001%1h146.45+0.041%$5K$298K10xas long as short
Kraken Futures PF_AAVEUSD+0.0002%1h146.54+0.102%$3.5M$2.1M50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.45+0.044%$71K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.442%$422$51K12xas long as short
MEXC AAVE_USDT+0.0042%8h146.34−0.034%$30.6M$25.5M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0042%8h146.31−0.054%$66.7M$185.1M75xas long as short
Reya AAVERUSDPERP+0.0044%1h146.390.000%20xas long as short
Orderly PERP_AAVE_USDClong+0.0050%8h146.39long leg$18K$12K10x
OKX AAVE-USDT-SWAP+0.0066%8h146.36−0.020%$17.9M$67.6M50xas long as short
Gate AAVE_USDT+0.0076%8h146.390.000%$7.9M$15.8M75xas long as short
Aevo AAVE-PERP+0.0088%1h146.43+0.031%$124K$14610xas long as short
Lighter AAVE+0.0096%1h146.53+0.096%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.39+0.002%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.33−0.039%$810K$438K10xas long as short
Aster AAVEUSDT+0.0100%8h146.38−0.007%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.35−0.029%$334K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h146.36−0.020%$62.4M$66.0M75xas long as short
Arcus AAVE-USD+0.0100%1h146.390.000%$51K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h145.79−0.410%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.35−0.027%$10.0M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.38−0.007%$30.6M$18.2M75xas long as short
BingX AAVE-USDC+0.0100%8h146.36−0.020%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h145.55−0.577%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h145.73−0.449%$105K$315K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h145.61−0.534%$460K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h145.79−0.410%$136K$229K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.45+0.041%$128K$466K10xas long as short
SunX AAVE-USDTshort+0.0100%8h146.34−0.033%$2K$1.3M20x
HTX AAVE-USDT+0.0100%8h146.40+0.004%$701K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h146.36−0.020%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h146.33−0.041%$940K$1.7M50xas long as short
RISEx AAVE/USDC+0.0106%1h146.43+0.025%$186K$246K10xas long as short
BloFin AAVE-USDT+0.0163%8h146.17−0.150%$3.5M$4.0M100xas long as short
Hyperliquid AAVE+0.0253%1h146.51+0.082%$80.9M$34.2M10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h146.45+0.038%$126K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0280%1h146.43+0.027%$795K$3.1M50xas long as short
Backpack AAVE_USDC_PERP+0.0298%1h146.54+0.102%$354K$733K10xas long as short