Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	SunX AAVE-USDT	143.93	0.0100	pay 0.0100% / 8h	6h 41m	$1K	$1.3M	20x
Short	gTrade (Gains Network) AAVE/USD	143.94	L +0.0005% / S −0.0004%	get 0.0000% / 1h	41m 28s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.006%Rate

Funding earned: −$20.19
Price spread: +0.006% → 0.000%: $0.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 2 min ago	44.85 bp	64.6 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD	−0.0040%	1h	143.66	−0.186%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.99	+0.047%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.77	−0.110%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.94	+0.009%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.89	−0.026%	$250K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	143.94	+0.006%	$70K	—	150x
Phoenix AAVE	+0.0006%	1h	144.08	+0.106%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.841%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	143.61	−0.220%	$27.2M	$24.7M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.87	−0.040%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	143.60	−0.229%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0045%	8h	143.60	−0.227%	$64.8M	$185.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	143.63	−0.206%	$17.4M	$65.7M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0070%	1h	144.53	+0.419%	$134K	$230K	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.71	−0.149%	$184K	$232K	10x	as long as short
SoDEX AAVE-USD	+0.0091%	1h	143.90	−0.019%	$5K	$302K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.85	−0.051%	$4.6M	$1.4M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.92	−0.005%	$122K	$146	10x	as long as short
Gate AAVE_USDT	+0.0097%	8h	143.70	−0.158%	$7.7M	$15.0M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	−0.124%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.63	−0.203%	$798K	$429K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	−0.144%	$78.1M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.96	+0.024%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.75	−0.122%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.61	−0.220%	$61.5M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.74	−0.130%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.356%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.74	−0.130%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.58	−0.241%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.71	−0.151%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.07	+0.099%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.247%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.45	+0.366%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.19	+0.182%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.70	−0.158%	$125K	$417K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.93	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.241%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.98	+0.037%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.64	−0.200%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.419%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.94	+0.009%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.64	+0.495%	$778K	$2.8M	50x	as long as short