Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.023%
Price spread now: SunX against Phoenix−0.006%69s7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1591.589% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.006%, 7d avg −0.061%
=The price spread pays, funding is against you. SunX is 0.054% dearer against Phoenix than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.061%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAVE | 142.14 | 0.0118 | pay 0.0015% / 1h | 27m 45s | $4K | $106K | 10x |
| Short | SunX AAVE-USDT | 142.13 | 0.0100 | get 0.0100% / 8h | 2h 27m | $1K | $1.3M | 20x |
Phoenix AAVE
SunX AAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phoenix. 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
- −$3.72
- Price spread: −0.006% → −0.061%
- $5.42
- Slippage, 4 orders
- −$143.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$157.23
- Costs to cover
- 1.589%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 12 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 Phoenix live order book, 12 min ago | 0.70 bp | 14.0 bp −$14 | 54.4 bp −$544 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 44.91 bp | 65.7 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 | 142.03 | −0.078% | $101K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 141.96 | −0.127% | $52K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.03 | −0.077% | $216K | $394K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 141.98 | −0.112% | $79K | — | 150x | as long as short |
| Nado AAVE-PERP | +0.0027% | 1h | 141.98 | −0.113% | $827K | $400K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.644% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 141.94 | −0.142% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0068% | 8h | 141.99 | −0.106% | $18K | $10K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.10 | −0.028% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.06 | −0.053% | $1.2M | $1.2M | 50x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Nado AAVE-PERP
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Paradex AAVE-USD-PERP
Aster AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AAVE | +0.0100% | 1h | 142.16 | +0.013% | $325K | $447K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.04 | −0.070% | $63.5M | $190.4M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.02 | −0.084% | $60.9M | $68.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 141.94 | −0.141% | $17.0M | $64.4M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.23 | +0.063% | $63K | $198K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.34 | +0.139% | $57K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.95 | −0.134% | $8.0M | $16.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.97 | −0.120% | $25.0M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.97 | −0.120% | $10.2M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 141.97 | −0.120% | $29.1M | $18.4M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 141.95 | −0.134% | — | $43.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 141.93 | −0.146% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.32 | +0.126% | $105K | $282K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.06 | −0.054% | $445K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.28 | +0.098% | $132K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.04 | −0.070% | $140K | $468K | 10x | as long as short |
| SunX AAVE-USDTshort | +0.0100% | 8h | 142.13 | −0.006% | $1K | $1.3M | 20x | |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.01 | −0.091% | $5K | $313K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.46 | +0.222% | $681K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.04 | −0.070% | $4.0M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 141.91 | −0.165% | $905K | $1.7M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0104% | 1h | 142.06 | −0.056% | $10K | $2K | 5x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.07 | −0.048% | $120K | $146 | 10x | as long as short |
| Hyperliquid AAVE | +0.0108% | 1h | 142.11 | −0.021% | $77.7M | $37.1M | 10x | as long as short |
| Phoenix AAVElong | +0.0118% | 1h | 142.14 | long leg | $4K | $106K | 10x | |
| Backpack AAVE_USDC_PERP | +0.0152% | 1h | 142.20 | +0.042% | $337K | $730K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0207% | 1h | 142.07 | −0.052% | $190K | $253K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.37 | +0.162% | $3.3M | $3.5M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0238% | 1h | 142.07 | −0.051% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 141.94 | −0.143% | $111K | — | 100x | as long as short |
| Lighter AAVE | +0.0280% | 1h | 142.23 | +0.066% | $4.5M | $2.4M | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0376% | 1h | 142.08 | −0.042% | $765K | $2.8M | 50x | as long as short |
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-USDT
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
01 Exchange AAVEUSD
Aevo AAVE-PERP
Hyperliquid AAVE
Backpack AAVE_USDC_PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
GMX AAVE/USD [AAVE-USDC]
Lighter AAVE
Coinbase International AAVE-PERP-INTX