Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against Binance+0.032%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2152.154% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.471%+$47 · spread now +0.032%, 7d avg −0.017%

Together, before fees+0.543%+$54 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 0.050% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	140.52	0.0100	pay 0.0100% / 8h	7h 32m	$63.1M	$192.2M	75x
Short	SunX AAVE-USDT	140.56	0.0100	get 0.0100% / 8h	7h 32m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.017%: $4.97
Slippage, 4 orders: −$197.42
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$210.45
Costs to cover: 2.154%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; SunX: live order book, 2 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 Binance live order book, 11 min ago	0.35 bp	7.5 bp −$8	13.4 bp −$134	57.8 bp −$5,783	doesn't fit
Sell SunX live order book, 2 min ago	79.97 bp	100.3 bp −$100	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	140.84	+0.226%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.49	−0.021%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.56	+0.029%	$212K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.54	+0.012%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.533%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.59	+0.051%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.56	+0.029%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.74	+0.157%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.12	+0.427%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.76	+0.168%	$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
Nado AAVE-PERP	+0.0100%	1h	140.60	+0.061%	$822K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.78	+0.185%	$76.8M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.58	+0.045%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.80	+0.199%	$328K	$391K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	140.52	long leg	$63.1M	$192.2M	75x
Bybit AAVEUSDT	+0.0100%	8h	140.49	−0.021%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.50	−0.014%	$16.5M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.88	+0.256%	$94K	$225K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.461%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.60	+0.057%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.52	0.000%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.59	+0.050%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.47	−0.035%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.52	0.000%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.05	+0.379%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.08	+0.402%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.456%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.32	+0.570%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.71	+0.135%	$133K	$474K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	140.56	+0.032%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	140.56	+0.029%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.68	+0.111%	$662K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.56	+0.029%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.51	−0.004%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.85	+0.233%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0160%	1h	140.75	+0.163%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0171%	1h	140.93	+0.292%	$383K	$733K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.53	+0.007%	$748K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.80	+0.200%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.76	+0.169%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0250%	1h	140.61	+0.066%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.56	+0.027%	$110K	—	100x	as long as short