Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.030% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	144.50	0.0100	pay 0.0100% / 8h	6h 29m	$1K	$1.3M	20x
Short	gTrade (Gains Network) AAVE/USD	144.45	L +0.0005% / S −0.0004%	get 0.0000% / 1h	29m 54s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.030%Rate

Funding earned: −$20.19
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	44.91 bp	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 41 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	−0.0056%	1h	144.40	−0.066%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.61	+0.076%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	−0.178%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.233%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.51	+0.010%	$251K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	144.45	−0.030%	$70K	—	150x
Phoenix AAVE	+0.0006%	1h	144.01	−0.336%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.215%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	+0.003%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.39	−0.072%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0052%	8h	144.56	+0.044%	$27.0M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0053%	8h	144.57	+0.049%	$65.1M	$184.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	144.53	+0.024%	$17.4M	$65.6M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.44	−0.039%	$187K	$230K	10x	as long as short
Gate AAVE_USDT	+0.0091%	8h	144.53	+0.024%	$7.8M	$15.2M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.69	+0.137%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.50	+0.003%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.20	−0.202%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.35	−0.101%	$803K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.66	+0.113%	$78.4M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.49	−0.003%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.27	−0.156%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.54	+0.030%	$61.9M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.42	−0.053%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.692%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.58	+0.058%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.51	+0.010%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.54	+0.030%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.66	+0.113%	$325K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.245%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.407%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	−0.431%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	−0.357%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.46	−0.025%	$125K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.50	long leg	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.50	+0.003%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.86	+0.255%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.44	−0.039%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.49	−0.003%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0237% / S −0.0361%	1h	144.45	−0.030%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.51	+0.010%	$774K	$2.8M	50x	as long as short