Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.011%

Price spread now: RISEx against SunX−0.069%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.069%, 7d avg +0.007%

Together, before fees−0.040%−$4 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: RISEx is 0.076% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	146.44	0.0100	pay 0.0100% / 8h	7h 12m	$2K	$1.3M	20x
Short	RISEx AAVE/USDC	146.34	0.0107	get 0.0013% / 1h	12m 37s	$185K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.069%Rate

Funding earned: $1.39
Price spread: −0.069% → +0.007%: −$7.55
Slippage, 4 orders: −$126.09
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$146.25
Costs to cover: 1.401%
Break-even: 744.6 days

Slippage from SunX: live order book, 11 min ago; RISEx: live order book, 61 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, 11 min ago	44.91 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 61 min ago	0.41 bp	3.4 bp −$3	8.8 bp −$88	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.61	+0.113%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.26	−0.126%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0075%	1h	146.48	+0.025%	$5K	$295K	10x	as long as short
Phemex AAVEUSDT	−0.0026%	8h	146.46	+0.011%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.44	−0.002%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.44	−0.003%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.55	+0.072%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.57	+0.086%	$256K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.58	+0.093%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.35	−0.064%	$28.7M	$25.9M	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	+0.0024%	8h	146.36	−0.057%	$66.3M	$183.4M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.476%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.43	−0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.52	+0.052%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0046%	1h	146.45	+0.004%	$136K	$231K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.37	−0.051%	$17.9M	$66.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.47	+0.021%	$124K	$146	10x	as long as short
Gate AAVE_USDT	+0.0094%	8h	146.39	−0.037%	$7.9M	$15.3M	75x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.33	−0.078%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.56	+0.081%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.060%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.44	−0.003%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.50	+0.038%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.40	−0.030%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.36	−0.056%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.37	−0.051%	$62.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.36	−0.057%	$46K	$270K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.449%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.44	−0.003%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.30	−0.098%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.36	−0.057%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.53	+0.059%	$332K	$736K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	−0.117%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.39	−0.034%	$106K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.46	+0.011%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.54	+0.066%	$127K	$416K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	146.44	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.50	+0.035%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.33	−0.076%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDCshort	+0.0107%	1h	146.34	−0.069%	$185K	$246K	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.58	+0.091%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	−0.016%	$785K	$2.9M	50x	as long as short