Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Pacifica−0.018%7-day average −0.018% · 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−$148as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.135%+$14 · spread now −0.018%, 7d avg −0.018%

Together, before fees+0.175%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	144.77	0.0100	pay 0.0013% / 1h	23m 18s	$330K	$505K	10x
Short	SunX AAVE-USDT	144.74	0.0100	get 0.0100% / 8h	1h 23m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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 PacificabpFee SunXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.018%: −$0.04
Slippage, 4 orders: −$131.64
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$147.68
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 min ago; SunX: live order book, 11 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 Pacifica live order book, 60 min ago	3.46 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	44.91 bp	65.2 bp −$65	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	−0.0144%	1h	144.86	+0.062%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	144.98	+0.145%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0042%	1h	144.84	+0.048%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.87	+0.069%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.87	+0.066%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.68	−0.062%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.88	+0.078%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.395%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.84	+0.048%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.84	+0.048%	$66.0M	$185.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.78	+0.005%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.89	+0.082%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.83	+0.041%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.83	+0.041%	$17.5M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	+0.130%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0059%	8h	144.81	+0.028%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.87	+0.066%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.79	+0.010%	$457K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.03	+0.179%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.69	−0.057%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.84	+0.052%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.95	+0.124%	$79.7M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.90	+0.093%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	144.77	long leg	$330K	$505K	10x
Bybit AAVEUSDT	+0.0100%	8h	144.83	+0.041%	$61.5M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.84	+0.048%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.347%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.83	+0.041%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.84	+0.048%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.81	+0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.98	+0.145%	$381K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	−0.071%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.72	−0.035%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	0.000%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.90	+0.090%	$127K	$467K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	144.74	−0.018%	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.86	+0.059%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.86	+0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.81	+0.026%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.87	+0.069%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.88	+0.073%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.97	+0.138%	$787K	$3.0M	50x	as long as short