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 −0.016%

Price spread now: Gate against SunX−0.014%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1621.621% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.471%−$47 · spread now −0.014%, 7d avg +0.005%

Together, before fees−0.569%−$57 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	144.49	0.0100	pay 0.0100% / 8h	5h 20m	$2K	$1.3M	20x
Short	Gate AAVE_USDT	144.47	0.0100	get 0.0100% / 8h	5h 20m	$7.9M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.005%: −$1.87
Slippage, 4 orders: −$139.14
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$164.02
Costs to cover: 1.621%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	44.90 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.08 bp	16.2 bp −$16	30.1 bp −$301	44.0 bp −$4,397	49.6 bp −$24.8K

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
01 Exchange AAVEUSD	−0.0056%	1h	144.40	−0.062%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.44	−0.032%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.33	−0.111%	$61K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.40	−0.062%	$229K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	−0.048%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.211%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.34	−0.103%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.44	−0.035%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0046%	1h	144.47	−0.017%	$834K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.88	−0.422%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.67	+0.125%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	−0.052%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.51	+0.014%	$78.2M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.56	+0.048%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.51	+0.017%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.42	−0.049%	$64.6M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.41	−0.055%	$61.6M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.38	−0.076%	$17.3M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.43	−0.042%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.399%	$58K	$2K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	144.47	−0.014%	$7.9M	$15.2M	75x
MEXC AAVE_USDT	+0.0100%	8h	144.40	−0.062%	$26.1M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.48	−0.007%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.43	−0.042%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.42	−0.048%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.57	+0.055%	$322K	$693K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.050%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.84	−0.448%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.31	−0.128%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.28	−0.145%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.42	−0.048%	$126K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.49	long leg	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.43	−0.042%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.57	+0.053%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.42	−0.048%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.33	−0.109%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.46	−0.024%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.44	−0.033%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.54	+0.035%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.41	−0.058%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.51	+0.014%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.360%	$783K	$2.8M	50x	as long as short