Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.034%

Price spread now: Bybit against SunX−0.007%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1511.508% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)−0.343%−$34 · spread now −0.007%, 7d avg −0.014%

Together, before fees−0.479%−$48 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	144.12	0.0100	pay 0.0100% / 8h	2h 20m	$1K	$1.3M	20x
Short	Bybit AAVEUSDT	144.11	0.0100	get 0.0100% / 8h	2h 20m	$61.3M	$65.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.014%: $0.74
Slippage, 4 orders: −$131.82
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.08
Costs to cover: 1.508%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	44.88 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.35 bp	9.5 bp −$9	17.0 bp −$170	61.8 bp −$6,182	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
Deribit AAVE_USDC-PERPETUAL	−0.0512%	1h	144.16	+0.028%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0202%	1h	144.07	−0.035%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	144.18	+0.042%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.53	+0.284%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.27	+0.103%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.20	+0.056%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.23	+0.076%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.21	+0.060%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.968%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.13	+0.009%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AAVE_USDT	+0.0047%	8h	144.14	+0.014%	$7.7M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.09	−0.021%	$17.4M	$65.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0050%	1h	144.35	+0.160%	$134K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.14	+0.014%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0052%	8h	144.11	−0.007%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0053%	8h	144.05	−0.049%	$65.5M	$184.6M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.39	+0.186%	$460K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0092%	1h	144.13	+0.009%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.28	+0.114%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.14	+0.011%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.20	+0.057%	$179K	$243K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.12	+0.001%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.30	+0.125%	$80.2M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.27	+0.103%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.21	+0.060%	$328K	$505K	10x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	144.11	−0.007%	$61.3M	$65.4M	75x
Arcus AAVE-USD	+0.0100%	1h	144.14	+0.014%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.19	+0.049%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.21	+0.062%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.15	+0.021%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.44	+0.222%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.102%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.40	+0.196%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.22	+0.069%	$126K	$468K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.12	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.107%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.14	+0.014%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.149%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.06	−0.042%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0173%	8h	144.37	+0.173%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.167%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.22	+0.072%	$124K	—	100x	as long as short