Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX+0.112%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1501.497% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.112%, 7d avg +0.019%

Together, before fees−0.207%+ Points / potential airdropPacifica: Active · farm board−$21 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: Pacifica is 0.093% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	143.75	0.0100	pay 0.0100% / 8h	6h 09m	$1K	$1.3M	20x
Short	Pacifica AAVE	143.91	0.0100	get 0.0013% / 1h	9m 51s	$328K	$435K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.019%: $9.34
Slippage, 4 orders: −$133.69
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$140.35
Costs to cover: 1.497%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Pacifica: live order book, 59 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, 4 min ago	44.92 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 59 min ago	2.73 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.82	+0.050%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.81	+0.045%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.89	+0.103%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.025%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.70	−0.032%	$244K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.74	−0.008%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.11	+0.253%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.721%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.72	−0.021%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.70	−0.032%	$18K	$10K	10x	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	+0.0075%	8h	143.63	−0.081%	$26.5M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0078%	8h	143.64	−0.074%	$64.8M	$184.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0083%	8h	143.65	−0.067%	$17.2M	$64.9M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.87	+0.086%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.79	+0.031%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.90	+0.110%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.80	+0.038%	$800K	$421K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.80	+0.038%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.71	−0.024%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	143.91	+0.112%	$328K	$435K	10x
Bybit AAVEUSDT	+0.0100%	8h	143.65	−0.067%	$61.4M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.83	+0.058%	$44K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.65	−0.067%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.67	−0.053%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.62	−0.088%	$29.9M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.65	−0.067%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.72	−0.018%	$320K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.149%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	+0.230%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	+0.149%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.04	+0.205%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.77	+0.017%	$124K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.75	long leg	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	143.71	−0.025%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.97	+0.153%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.68	−0.046%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.243%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.58	−0.113%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.72	−0.015%	$121K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0249% / S −0.0388%	1h	143.73	−0.013%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.76	+0.705%	$778K	$2.8M	50x	as long as short