Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.031%

Price spread now: SunX against SoDEX+0.006%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1421.420% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.006%, 7d avg +0.007%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	140.63	−0.0013	get 0.0002% / 1h	4m 23s	$7K	$216K	10x
Short	SunX AAVE-USDT	140.64	0.0100	get 0.0100% / 8h	5h 04m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $23.83
Price spread: +0.006% → +0.007%: −$0.12
Slippage, 4 orders: −$125.98
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$118.27
Costs to cover: 1.420%
Break-even: 41.7 days

Slippage from SoDEX: live order book, 42 min ago; SunX: live order book, 2 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 SoDEX live order book, 42 min ago	0.35 bp	5.2 bp −$5	10.2 bp −$102	92.2 bp −$9,221	doesn't fit
Sell SunX live order book, 2 min ago	44.93 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit

AAVE on 42 exchanges

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	−0.0032%	1h	140.81	+0.128%	$10K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0013%	1h	140.63	long leg	$7K	$216K	10x
dYdX AAVE-USD	0.0000%	1h	140.77	+0.103%	$101K	$6K	10x	as long as short
Bybit AAVEUSDT	0.0000%	8h	140.73	+0.071%	$60.8M	$58.9M	75x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.69	+0.043%	$42K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.65	+0.014%	$207K	$304K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.81	+0.131%	$78K	—	150x	as long as short
Phoenix AAVE	+0.0028%	1h	140.89	+0.185%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.610%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.69	+0.045%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAVE	+0.0065%	8h	140.68	+0.034%	$3.6M	$758K	—	as long as short
Phemex AAVEUSDT	+0.0082%	8h	140.66	+0.021%	$3.9M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.73	+0.071%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	140.95	+0.229%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.73	+0.070%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.82	+0.139%	$810K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.96	+0.235%	$77.5M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.84	+0.147%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.80	+0.119%	$343K	$299K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.78	+0.107%	$63.5M	$158.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.74	+0.078%	$16.2M	$51.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.91	+0.199%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.78	+0.107%	$8.1M	$13.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.78	+0.107%	$22.3M	$22.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.81	+0.128%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.78	+0.107%	$29.1M	$15.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.77	+0.100%	—	$6.5M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.72	+0.063%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.87	+0.172%	$448K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.78	+0.107%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.84	+0.149%	$132K	$367K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	140.64	+0.006%	$1K	$1.1M	20x
HTX AAVE-USDT	+0.0100%	8h	141.06	+0.306%	$637K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.73	+0.070%	$165K	$20K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.71	+0.056%	$912K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.81	+0.130%	$119K	—	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.84	+0.150%	$180K	$227K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0139%	1h	140.80	+0.121%	$385K	$595K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.59	−0.028%	$3.2M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.79	+0.114%	$750K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.80	+0.119%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.76	+0.095%	$3.4M	$1.8M	50x	as long as short