AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against SunX−0.078%46s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1501.498% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.078%, 7d avg −0.014%

Together, before fees−0.162%−$16 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: Bybit is 0.064% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	145.66	0.0100	pay 0.0100% / 8h	7h 46m	$2K	$1.3M	20x
Short	Bybit AAVEUSDT	145.55	0.0093	get 0.0093% / 8h	7h 46m	$62.2M	$65.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$1.5
Price spread: −0.078% → −0.014%: −$6.38
Slippage, 4 orders: −$130.79
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$157.67
Costs to cover: 1.498%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago	44.92 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.34 bp	8.7 bp −$9	16.8 bp −$168	63.8 bp −$6,383	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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.82	+0.104%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	145.62	−0.030%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	145.67	+0.004%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.80	+0.093%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.89	+0.155%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.12	+0.313%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.74	+0.052%	$254K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.78	+0.081%	$71K	—	150x	as long as short
Phemex AAVEUSDT	+0.0006%	8h	145.72	+0.038%	$4.1M	$3.8M	50x	as long as short
Gate AAVE_USDT	+0.0012%	8h	145.68	+0.011%	$7.8M	$15.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0024%	8h	145.67	+0.004%	$29.0M	$25.6M	200x	as long as short
Binance AAVEUSDT	+0.0024%	8h	145.62	−0.033%	$66.0M	$187.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0031%	1h	145.81	+0.100%	$136K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.975%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.028%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.78	+0.080%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	145.52	−0.099%	$17.9M	$67.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.70	+0.027%	$123K	$146	10x	as long as short
Bybit AAVEUSDTshort	+0.0093%	8h	145.55	−0.078%	$62.2M	$65.9M	75x
Lighter AAVE	+0.0096%	1h	145.86	+0.137%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0096%	8h	145.69	+0.018%	$3.4M	$4.1M	100x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.88	+0.148%	$457K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.69	+0.019%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.63	−0.027%	$796K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.087%	$79.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.78	+0.078%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.70	+0.025%	$332K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.68	+0.011%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.265%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.64	−0.016%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.64	−0.016%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.67	+0.004%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.89	+0.155%	$346K	$740K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.51	−0.104%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.78	+0.081%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.72	+0.038%	$128K	$449K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	145.66	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	145.78	+0.080%	$696K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.63	−0.025%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.69	+0.015%	$184K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.76	+0.063%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.90	+0.162%	$784K	$3.1M	50x	as long as short