Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Arcus+0.134%7-day average −0.023% · 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−$131as in the Price arb table

costs, in and out, $10k−$1461.464% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.134%, 7d avg −0.023%

Together, before fees−0.069%−$7 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: SunX is 0.158% dearer against Arcus than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	142.23	0.0100	pay 0.0013% / 1h	28m 27s	$63K	$198K	10x
Short	SunX AAVE-USDT	142.42	0.0100	get 0.0100% / 8h	2h 28m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → −0.023%: $15.77
Slippage, 4 orders: −$133.89
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$130.61
Costs to cover: 1.464%
Break-even: never at this rate

Slippage from Arcus: live order book, 20 min ago; SunX: live order book, 6 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 Arcus live order book, 20 min ago	2.44 bp	7.3 bp −$7	19.5 bp −$195	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	44.91 bp	65.7 bp −$66	doesn't fit	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
dYdX AAVE-USD	0.0000%	1h	142.16	−0.052%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.52	+0.204%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.42	+0.134%	$217K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.44	+0.151%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0027%	1h	141.98	−0.176%	$827K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.705%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.94	−0.205%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0067%	8h	142.42	+0.134%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0093%	8h	142.35	+0.084%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.10	−0.091%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.09	−0.098%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.16	−0.050%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.00	−0.162%	$63.5M	$190.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.96	−0.190%	$60.8M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.97	−0.183%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	142.23	long leg	$63K	$198K	10x
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.076%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.14	−0.063%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.97	−0.183%	$25.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.15	−0.056%	$10.2M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.95	−0.197%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.13	−0.070%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.93	−0.209%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.32	+0.062%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.06	−0.117%	$445K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.28	+0.035%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.04	−0.134%	$140K	$468K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	142.42	+0.134%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.34	+0.077%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.52	+0.205%	$681K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.05	−0.126%	$905K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.06	−0.120%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.50	+0.186%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0107%	1h	142.12	−0.077%	$77.7M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.14	−0.063%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0157%	1h	142.43	+0.141%	$335K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.07	−0.115%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.37	+0.098%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.44	+0.145%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.49	+0.185%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.34	+0.077%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.51	+0.197%	$771K	$2.8M	50x	as long as short