Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: SunX against Extended+0.231%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.231%, 7d avg +0.053%

Together, before fees−0.093%+ Points / potential airdropExtended: Active · farm board−$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 0.178% dearer against Extended than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	144.28	0.0104	pay 0.0013% / 1h	55m 45s	$917K	$1.7M	50x
Short	SunX AAVE-USDT	144.61	0.0100	get 0.0100% / 8h	5h 55m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$0.84
Price spread: +0.231% → +0.053%: $17.8
Slippage, 4 orders: −$132.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$128.19
Costs to cover: 1.451%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 8 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 Extended live order book, 3 min ago	2.78 bp	5.9 bp −$6	21.1 bp −$211	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.89 bp	66.4 bp −$66	doesn't fit	doesn't fit	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
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.52	+0.166%	$245K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	144.60	+0.222%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.42	+0.094%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.25	−0.021%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.58	+0.207%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.215%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.073%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.57	+0.204%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.57	+0.201%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.07	−0.146%	$17.3M	$63.5M	50x	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	+0.0092%	8h	144.34	+0.042%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0093%	8h	144.07	−0.143%	$65.0M	$181.3M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.29	+0.008%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.54	+0.178%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.55	+0.187%	$804K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.31	+0.021%	$78.1M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.42	+0.094%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.48	+0.139%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.07	−0.146%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.62	+0.236%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.32	+0.028%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.40	+0.083%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.24	−0.028%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.24	−0.028%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.49	+0.146%	$323K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.223%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	+0.058%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.124%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.45	+0.118%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.61	+0.229%	$126K	$419K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	144.61	+0.231%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.53	+0.173%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.66	+0.267%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.49	+0.146%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.149%	$58K	$2K	10x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.28	long leg	$917K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.61	+0.225%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.64	+0.253%	$200K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0258% / S −0.0408%	1h	144.62	+0.236%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.63	+0.245%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.194%	$777K	$2.8M	50x	as long as short