Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.017%

Price spread now: GMX against SunX+0.065%7-day average +0.053% · you sell dearer than you buy

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.167%−$17 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.065%, 7d avg +0.053%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	146.04	0.0100	pay 0.0100% / 8h	30m 04s	$2K	$1.3M	20x
Short	GMX AAVE/USD [AAVE-USDC]	146.14	L +0.0267% / S −0.0438%	get 0.0055% / 1h	30m 04s	$126K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $70.89
Price spread: +0.065% → +0.053%: $1.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $52.05
Costs to cover: 0.200%
Break-even: 1.9 days

Slippage unknown: SunX: live order book, 4 min ago; GMX: 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	44.88 bp	66.5 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
Deribit AAVE_USDC-PERPETUAL	−0.0161%	1h	146.07	+0.019%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0080%	1h	146.07	+0.019%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.34	+0.204%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.13	+0.060%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.13	+0.062%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.01	−0.022%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.16	+0.080%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.15	+0.071%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.219%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.07	+0.019%	$30.4M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0040%	8h	146.07	+0.021%	$66.6M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.07	+0.021%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.07	+0.019%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.07	+0.019%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.08	+0.026%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	+0.043%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.29	+0.173%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.05	+0.008%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.09	+0.036%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.27	+0.154%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.16	+0.082%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.10	+0.040%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.08	+0.026%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.09	+0.033%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.019%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.09	+0.033%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.04	−0.001%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.09	+0.033%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.17	+0.088%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.17	+0.086%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.18	+0.095%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.26	+0.147%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.19	+0.101%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.14	+0.067%	$128K	$456K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	146.04	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.18	+0.097%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.09	+0.033%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.03	−0.009%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.14	+0.068%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.20	+0.108%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0267% / S −0.0438%	1h	146.14	+0.065%	$126K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.197%	$788K	$3.0M	50x	as long as short