Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against SunX+0.198%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.198% dearer against SunX than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	145.42	0.0100	pay 0.0100% / 8h	4m 27s	$1K	$1.3M	20x
Short	Paradex AAVE-USD-PERP	145.71	0.0100	get 0.0100% / 8h	4m 27s	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$0.02
Price spread: +0.198% → 0.000%: $19.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $7.82
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; Paradex: 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, 9 min ago	44.87 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0127%	1h	145.44	+0.011%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	145.70	+0.190%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.87	+0.307%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.47	+0.032%	$254K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.67	+0.167%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.41	−0.010%	$77K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.58	+0.105%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.73	+0.212%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.72	+0.204%	$29.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.66	+0.161%	$66.1M	$187.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.820%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	+0.138%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.65	+0.155%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	145.65	+0.155%	$17.8M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.68	+0.176%	$7.8M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.66	+0.163%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.89	+0.323%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	145.71	+0.198%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	145.72	+0.200%	$800K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.77	+0.238%	$80.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.72	+0.201%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.75	+0.224%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.68	+0.176%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.72	+0.204%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	+0.112%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.69	+0.183%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.64	+0.149%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.64	+0.149%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.55	+0.087%	$348K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.20	−0.157%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.56	+0.096%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.55	+0.085%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.47	+0.032%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.73	+0.210%	$128K	$455K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	145.42	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	145.81	+0.262%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.50	+0.052%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.66	+0.160%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.77	+0.237%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0110%	8h	145.45	+0.018%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.53	+0.070%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.65	+0.155%	$791K	$3.0M	50x	as long as short