Funding you earn now, next payment 02:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.046%
Price spread now: SunX against Coinbase International−0.443%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.567%+$57 · spread now −0.443%, 7d avg −0.076%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.368% cheaper against Coinbase International than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAVE-PERP-INTX | 143.93 | 0.0336 | pay 0.0042% / 1h | 7m 48s | $782K | $2.8M | 50x |
| Short | SunX AAVE-USDT | 143.29 | 0.0100 | get 0.0100% / 8h | 5h 07m | $1K | $1.3M | 20x |
Coinbase International AAVE-PERP-INTX
SunX AAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.56
- Price spread: −0.443% → −0.076%
- −$36.76
- Slippage, 4 orders
- −$142.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$246.42
- Costs to cover
- 1.601%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 5.58 bp | 13.3 bp −$13 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 44.90 bp | 66.8 bp −$67 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange AAVEUSD | −0.0056% | 1h | 143.30 | −0.438% | $10K | $2K | 5x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 143.45 | −0.333% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 143.36 | −0.396% | $59K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 143.37 | −0.389% | $227K | $389K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.41 | −0.360% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.843% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.31 | −0.431% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0046% | 8h | 143.34 | −0.410% | $18K | $10K | 10x | as long as short |
| Nado AAVE-PERP | +0.0058% | 1h | 143.31 | −0.431% | $827K | $433K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 143.75 | −0.125% | $5K | $98K | 10x | as long as short |
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Nado AAVE-PERP
Phoenix AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAVE | +0.0096% | 1h | 143.54 | −0.274% | $4.6M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.45 | −0.336% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 143.40 | −0.368% | $77.6M | $34.9M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 143.35 | −0.403% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 143.42 | −0.353% | $326K | $434K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 143.18 | −0.521% | $64.1M | $182.6M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.21 | −0.500% | $61.2M | $64.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 143.19 | −0.514% | $17.1M | $63.1M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 143.34 | −0.410% | $44K | $179K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.07 | +0.100% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.22 | −0.493% | $7.8M | $15.2M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 143.19 | −0.514% | $25.9M | $23.7M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 143.28 | −0.452% | $10.7M | $9.2M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 143.19 | −0.514% | $30.0M | $17.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 143.20 | −0.507% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 143.38 | −0.382% | $320K | $692K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 143.66 | −0.190% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.67 | −0.182% | $103K | $278K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 143.74 | −0.131% | $451K | $3.7M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 143.90 | −0.021% | $134K | $219K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.36 | −0.396% | $128K | $422K | 10x | as long as short |
| SunX AAVE-USDTshort | +0.0100% | 8h | 143.29 | −0.443% | $1K | $1.3M | 20x | |
| SoDEX AAVE-USD | +0.0100% | 1h | 143.33 | −0.417% | $5K | $301K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 143.55 | −0.264% | $691K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 143.39 | −0.375% | $4.0M | $3.7M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.17 | −0.529% | $913K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.77 | −0.805% | $121K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0195% | 1h | 143.36 | −0.394% | $184K | $237K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 143.36 | −0.396% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0263% / S −0.0420% | 1h | 143.38 | −0.384% | $124K | — | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0268% | 1h | 143.46 | −0.325% | $3.5M | $2.1M | 50x | as long as short |
| Coinbase International AAVE-PERP-INTXlong | +0.0336% | 1h | 143.93 | long leg | $782K | $2.8M | 50x |
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Kraken Futures PF_AAVEUSD