Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: SunX against Lighter−0.030%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1411.407% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.030%, 7d avg −0.134%

Together, before fees+0.015%+ Points / potential airdropLighter: Season 3 · farm board+$2 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 0.104% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	142.54	0.0096	pay 0.0012% / 1h	46m 13s	$4.5M	$2.4M	10x
Short	SunX AAVE-USDT	142.50	0.0100	get 0.0100% / 8h	1h 46m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0.84
Price spread: −0.030% → −0.134%: $10.42
Slippage, 4 orders: −$132.69
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$129.43
Costs to cover: 1.407%
Break-even: 1085.6 days

Slippage from Lighter: live order book, 7 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 Lighter live order book, 7 min ago	3.15 bp	6.0 bp −$6	15.8 bp −$158	42.6 bp −$4,260	doesn't fit
Sell SunX live order book, 8 min ago	44.88 bp	66.0 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	142.55	+0.008%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.42	−0.083%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.41	−0.091%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.40	−0.098%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.914%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.34	−0.138%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0050%	1h	142.40	−0.094%	$827K	$400K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0073%	1h	142.87	+0.232%	$133K	$223K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.43	−0.076%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.534%	$4K	$108K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVElong	+0.0096%	1h	142.54	long leg	$4.5M	$2.4M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.48	−0.043%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.43	−0.078%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.55	+0.006%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.42	−0.083%	$64.1M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.42	−0.083%	$61.2M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.43	−0.076%	$17.0M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.49	−0.034%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.241%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.43	−0.076%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.44	−0.069%	$25.0M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.40	−0.098%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.41	−0.091%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.43	−0.076%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.52	−0.013%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.91	+0.261%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.92	+0.266%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.83	+0.206%	$452K	$3.9M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	−0.083%	$141K	$470K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	142.50	−0.030%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.47	−0.048%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.199%	$678K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.40	−0.098%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.38	−0.109%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.45	−0.065%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.44	−0.069%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0218%	1h	142.57	+0.022%	$77.9M	$37.2M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.65	+0.078%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.38	−0.111%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.44	−0.072%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.62	+0.057%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.48	−0.044%	$3.4M	$2.1M	50x	as long as short