Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against BingX+0.226%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1641.640% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.226%, 7d avg +0.003%

Together, before fees−0.095%−$9 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 0.223% dearer against BingX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDC	144.19	0.0100	pay 0.0100% / 8h	6h 43m	—	$6.5M	—
Short	SunX AAVE-USDT	144.52	0.0100	get 0.0100% / 8h	6h 43m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.226%Rate

Funding earned: $0
Price spread: +0.226% → +0.003%: $22.29
Slippage, 4 orders: −$145.98
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$141.68
Costs to cover: 1.640%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; SunX: live order book, 11 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 BingX live order book, 7 min ago	0.69 bp	16.3 bp −$16	32.6 bp −$326	231.8 bp −$23.2K	629.2 bp −$314.6K
Sell SunX live order book, 11 min ago	44.91 bp	65.9 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.41	+0.152%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.53	+0.236%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0009%	1h	144.47	+0.194%	$134K	$230K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.61	+0.294%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.59	+0.277%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.30	+0.076%	$251K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	+0.155%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.20	+0.007%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.014%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0043%	8h	144.27	+0.055%	$27.4M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.28	+0.062%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.40	+0.144%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0044%	8h	144.10	−0.064%	$65.0M	$185.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	144.01	−0.125%	$17.5M	$65.9M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.33	+0.097%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.55	+0.247%	$185K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.52	+0.228%	$4.6M	$1.4M	10x	as long as short
Phemex AAVEUSDT	+0.0096%	8h	144.35	+0.111%	$4.1M	$3.8M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.59	+0.277%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.41	+0.153%	$803K	$429K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.30	+0.079%	$78.4M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.43	+0.169%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.54	+0.244%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.09	−0.069%	$61.7M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.52	+0.229%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.173%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.21	+0.014%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.30	+0.076%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.17	−0.014%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	144.19	long leg	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.28	+0.062%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.064%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.129%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.19	−0.001%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.50	+0.215%	$125K	$417K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	144.52	+0.226%	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.29	+0.069%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.44	+0.177%	$700K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.24	+0.037%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.236%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.46	+0.185%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.64	+0.312%	$778K	$2.8M	50x	as long as short