Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: Hyperliquid against SunX+0.138%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.435%−$43 · spread now +0.138%, 7d avg +0.101%

Together, before fees−0.440%+ Points / potential airdropHyperliquid: Season 2 · farm board−$44 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: Hyperliquid is 0.036% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	142.43	0.0100	pay 0.0100% / 8h	4h 56m	$1K	$1.3M	20x
Short	Hyperliquid AAVE	142.63	0.0100	get 0.0013% / 1h	56m 59s	$77.1M	$35.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.101%: $3.64
Slippage, 4 orders: −$130.61
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$143.97
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Hyperliquid: live order book, 7 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	44.91 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.70 bp	7.7 bp −$8	13.8 bp −$138	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
01 Exchange AAVEUSD	−0.0128%	1h	142.12	−0.220%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0016%	1h	142.47	+0.025%	$5K	$303K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.21	−0.160%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.54	+0.074%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.49	+0.039%	$225K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.48	+0.033%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.843%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.31	−0.085%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.44	+0.004%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+0.348%	$4K	$102K	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	142.58	+0.100%	$4.5M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.12	−0.223%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.22	−0.147%	$833K	$441K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	142.63	+0.138%	$77.1M	$35.1M	10x
Aster AAVEUSDT	+0.0100%	8h	142.48	+0.033%	$1.3M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.15	−0.199%	$323K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.52	+0.058%	$63.9M	$184.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.50	+0.046%	$61.1M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.50	+0.046%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.16	−0.192%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.99	+0.392%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.53	+0.067%	$7.8M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.50	+0.046%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.51	+0.053%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.41	−0.017%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.54	+0.074%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.65	+0.152%	$347K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.68	+0.170%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.63	+0.135%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.64	+0.144%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.67	+0.166%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.37	−0.045%	$122K	$385K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	142.43	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.015%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.47	+0.025%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.43	−0.005%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.47	+0.029%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.18	−0.176%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.42	−0.010%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.45	+0.009%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.53	+0.068%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.32	−0.080%	$769K	$2.8M	50x	as long as short