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 −0.054%

Price spread now: SoDEX against SunX+0.003%7-day average −0.006% · you sell dearer than you buy

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

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

costs, in and out, $10k−$1411.411% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.003%, 7d avg −0.006%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	144.45	0.0100	pay 0.0100% / 8h	6h 27m	$2K	$1.3M	20x
Short	SoDEX AAVE-USD	144.45	0.0100	get 0.0013% / 1h	27m 14s	$5K	$297K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.006%: $0.87
Slippage, 4 orders: −$125.13
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$140.26
Costs to cover: 1.411%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; SoDEX: live order book, 41 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	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 41 min ago	0.34 bp	5.0 bp −$5	9.8 bp −$98	92.4 bp −$9,241	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
01 Exchange AAVEUSD	−0.0056%	1h	144.55	+0.072%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.59	+0.097%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.51	+0.046%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.46	+0.010%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.51	+0.044%	$250K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	+0.066%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.55	+0.072%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.183%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.52	+0.052%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.46	+0.010%	$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	+0.0055%	8h	144.60	+0.107%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0056%	8h	144.49	+0.030%	$65.2M	$184.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	144.50	+0.037%	$17.4M	$65.4M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.59	+0.099%	$189K	$224K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.67	+0.154%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.53	+0.058%	$122K	$146	10x	as long as short
Gate AAVE_USDT	+0.0098%	8h	144.57	+0.086%	$7.8M	$15.2M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.52	+0.049%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.53	+0.055%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.68	+0.162%	$78.4M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.57	+0.087%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.57	+0.089%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	+0.024%	$61.8M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	+0.086%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.657%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	+0.100%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.49	+0.030%	$30.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.52	+0.051%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.71	+0.183%	$323K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.210%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.044%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.43	−0.009%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.39	−0.039%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	+0.100%	$125K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.45	long leg	$2K	$1.3M	20x
SoDEX AAVE-USDshort	+0.0100%	1h	144.45	+0.003%	$5K	$297K	10x
HTX AAVE-USDT	+0.0100%	8h	144.61	+0.114%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.48	+0.024%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.40	−0.030%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0239% / S −0.0366%	1h	144.55	+0.072%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	+0.079%	$775K	$2.8M	50x	as long as short