Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against SunX+0.085%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2172.174% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.085%, 7d avg +0.018%

Together, before fees−0.147%−$15 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: Arcus is 0.067% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	143.69	0.0100	pay 0.0100% / 8h	6h 54m	$2K	$1.3M	20x
Short	Arcus AAVE-USD	143.81	0.0100	get 0.0013% / 1h	54m 57s	$45K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.018%: $6.66
Slippage, 4 orders: −$204.88
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$210.72
Costs to cover: 2.174%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Arcus: live order book, 14 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 SunX live order book, 9 min ago	79.87 bp	99.4 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 14 min ago	2.39 bp	6.0 bp −$6	20.5 bp −$205	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
Deribit AAVE_USDC-PERPETUAL	−0.3855%	1h	143.15	−0.374%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	143.72	+0.022%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.82	+0.094%	$3.4M	$2.0M	50x	as long as short
SoDEX AAVE-USD	−0.0031%	1h	143.71	+0.015%	$5K	$302K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.77	+0.059%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.83	+0.099%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	143.78	+0.064%	$5K	$98K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.78	+0.063%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	143.74	+0.036%	$27.6M	$24.6M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	143.67	−0.013%	$64.9M	$185.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.682%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.70	+0.008%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.69	0.000%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0061%	8h	143.68	−0.006%	$17.4M	$65.6M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.71	+0.012%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.83	+0.102%	$182K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.92	+0.160%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.90	+0.149%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.74	+0.036%	$794K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.76	+0.050%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.67	−0.012%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.85	+0.111%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.69	+0.001%	$61.4M	$65.2M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.81	+0.085%	$45K	$236K	10x
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.607%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.73	+0.029%	$7.8M	$14.9M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.83	+0.099%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.63	−0.040%	$29.7M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.72	+0.022%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.76	+0.050%	$326K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	−0.080%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	+0.491%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.544%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.496%	$134K	$231K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.75	+0.043%	$125K	$417K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.69	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.03	+0.241%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.84	+0.106%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.67	−0.015%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0133%	8h	143.64	−0.033%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.75	+0.046%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.00	+0.217%	$771K	$2.8M	50x	as long as short