Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against SunX−6.353%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

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 −$2 a day on $10k at the current rate, and Injective is 6.353% cheaper against SunX than usual: you would sell low and buy high (−$635 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	146.25	0.0100	pay 0.0100% / 8h	33m 16s	$2K	$1.3M	20x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	33m 16s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.353%Rate

Funding earned: −$14
Price spread: −6.353% → 0.000%: −$635.34
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$657.36
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Injective: 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, 11 min ago	44.86 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
SoDEX AAVE-USD	−0.0066%	1h	146.27	+0.012%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.152%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	−0.080%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.28	+0.019%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	−0.063%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.32	+0.046%	$256K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.36	+0.072%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.32	+0.044%	$71K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−6.353%	$422	$51K	12x
Binance AAVEUSDT	+0.0039%	8h	146.27	+0.012%	$66.6M	$185.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0040%	8h	146.26	+0.005%	$30.5M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.003%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.25	−0.001%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.29	+0.026%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.23	−0.015%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.33	+0.057%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.49	+0.164%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.19	−0.045%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.087%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.44	+0.129%	$80.8M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	−0.002%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.19	−0.042%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.27	+0.012%	$62.4M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.26	+0.005%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.254%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.27	+0.012%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.21	−0.029%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.19	−0.042%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.22	−0.022%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	−0.085%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.390%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.384%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	−0.097%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.31	+0.040%	$128K	$456K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	146.25	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.27	+0.011%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.28	+0.019%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.002%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.29	+0.023%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	+0.005%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.32	+0.047%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.38	+0.088%	$789K	$3.0M	50x	as long as short