Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against SunX−0.319%7-day average −0.054% · 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−$174as in the Price arb table

costs, in and out, $10k−$1481.479% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now −0.319%, 7d avg −0.054%

Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.265% cheaper against SunX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	146.17	0.0100	pay 0.0100% / 8h	9m 50s	$1K	$1.3M	20x
Short	Extended AAVE-USD	145.71	0.0104	get 0.0013% / 1h	9m 50s	$940K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.319%Rate

Funding earned: $0.84
Price spread: −0.319% → −0.054%: −$26.53
Slippage, 4 orders: −$134.93
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$173.63
Costs to cover: 1.479%
Break-even: 1453.9 days

Slippage from SunX: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago	44.87 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.74 bp	8.5 bp −$9	29.2 bp −$292	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
SoDEX AAVE-USD	−0.0116%	1h	145.88	−0.200%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.22	+0.032%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.060%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.05	−0.084%	$255K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	−0.064%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.79	−0.262%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.00	−0.115%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.21	+0.022%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	145.74	−0.296%	$29.7M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0032%	8h	145.74	−0.296%	$66.5M	$186.9M	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	−6.303%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.088%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.00	−0.118%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0068%	8h	145.74	−0.296%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.77	−0.276%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.98	−0.130%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.09	−0.055%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.13	−0.030%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	−0.016%	$804K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.96	−0.146%	$80.5M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.85	−0.219%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.14	−0.024%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.75	−0.289%	$62.1M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.20	+0.018%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.041%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.77	−0.276%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.76	−0.283%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.75	−0.289%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.90	−0.187%	$346K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.93	−0.164%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.13	−0.029%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	−0.007%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.12	−0.036%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.24	+0.046%	$128K	$454K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	146.17	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.09	−0.053%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.99	−0.125%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	145.71	−0.319%	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.25	+0.052%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0130%	8h	145.93	−0.166%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.17	−0.001%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.27	+0.066%	$789K	$3.0M	50x	as long as short