Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: BingX against SunX−0.027%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1441.444% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.027%, 7d avg +0.002%

Together, before fees−0.125%−$12 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: BingX is 0.030% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	142.24	0.0100	pay 0.0100% / 8h	1h 30m	$2K	$1.3M	20x
Short	BingX AAVE-USDT	142.20	0.0100	get 0.0100% / 8h	1h 30m	—	$43.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.002%: −$2.96
Slippage, 4 orders: −$126.38
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$147.34
Costs to cover: 1.444%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; BingX: live order book, 3 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 SunX live order book, 3 min ago	44.87 bp	65.3 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.35 bp	5.4 bp −$5	6.7 bp −$67	22.1 bp −$2,210	63.7 bp −$31.9K

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	142.27	+0.019%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.21	−0.020%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	−0.027%	$216K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	−0.037%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.711%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.15	−0.061%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0058%	1h	142.20	−0.027%	$826K	$391K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.18	−0.041%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.10	−0.098%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.29	+0.033%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.09	−0.104%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.19	−0.037%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.16	−0.056%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.13	−0.077%	$63.9M	$190.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.11	−0.091%	$61.2M	$68.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.13	−0.077%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.36	+0.085%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.115%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.18	−0.041%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.18	−0.041%	$24.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.21	−0.020%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.21	−0.020%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	142.20	−0.027%	—	$43.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.32	+0.057%	$374K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.15	−0.062%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	−0.082%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	+0.002%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.20	−0.027%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.28	+0.029%	$141K	$472K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	142.24	long leg	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.18	−0.041%	$5K	$295K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.34	+0.070%	$673K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	−0.006%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.13	−0.076%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.23	−0.010%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.31	+0.050%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0169%	1h	142.32	+0.057%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.16	−0.056%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.20	−0.026%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.33	+0.061%	$193K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.33	+0.064%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.30	+0.039%	$3.4M	$2.1M	50x	as long as short