Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: BingX against SunX−0.022%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1461.464% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.022%, 7d avg +0.002%

Together, before fees−0.130%−$13 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: BingX is 0.024% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	142.31	0.0100	pay 0.0100% / 8h	2h 39m	$1K	$1.3M	20x
Short	BingX AAVE-USDT	142.28	0.0100	get 0.0100% / 8h	2h 39m	—	$43.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.002%: −$2.4
Slippage, 4 orders: −$128.37
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$148.76
Costs to cover: 1.464%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago	44.89 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.70 bp	5.7 bp −$6	7.1 bp −$71	19.9 bp −$1,995	53.3 bp −$26.7K

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
Nado AAVE-PERP	−0.0006%	1h	142.24	−0.053%	$828K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.29	−0.012%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.63	+0.224%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.32	+0.006%	$217K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.30	−0.009%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.760%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.23	−0.058%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	142.32	+0.006%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0083%	8h	142.36	+0.034%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.30	−0.008%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.26	−0.038%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.40	+0.063%	$77.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.28	−0.022%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.31	0.000%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.29	−0.015%	$63.5M	$189.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.29	−0.015%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.29	−0.015%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.36	+0.034%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	+0.149%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.26	−0.036%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.25	−0.043%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.27	−0.029%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.22	−0.064%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	142.28	−0.022%	—	$43.6M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.47	+0.112%	$334K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	+0.071%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	+0.272%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.49	+0.125%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.49	+0.126%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.30	−0.008%	$133K	$459K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	142.31	long leg	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.28	−0.022%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.43	+0.082%	$680K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.26	−0.037%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.34	+0.024%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.39	+0.056%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.26	−0.038%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.084%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.36	+0.037%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.27	−0.032%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.50	+0.131%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.38	+0.048%	$778K	$2.8M	50x	as long as short