Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h −0.050%

Price spread now: Kraken Futures against SunX+0.080%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1621.619% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.080%, 7d avg +0.040%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	142.64	0.0100	pay 0.0100% / 8h	4h 15m	$2K	$1.3M	20x
Short	Kraken Futures PF_AAVEUSD	142.76	0.0324	get 0.0041% / 1h	15m 58s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.080%Rate

Funding earned: $47.07
Price spread: +0.080% → +0.040%: $3.97
Slippage, 4 orders: −$143.92
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$110.88
Costs to cover: 1.619%
Break-even: 23.5 days

Slippage from SunX: live order book, 8 min ago; Kraken Futures: 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, 8 min ago	44.90 bp	65.2 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.86 bp	14.3 bp −$14	19.5 bp −$195	114.4 bp −$11.4K	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
01 Exchange AAVEUSD	−0.0144%	1h	142.63	−0.008%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.65	+0.006%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.77	+0.088%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.75	+0.076%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.66	+0.014%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0013%	1h	142.70	+0.041%	$841K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.983%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.63	−0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.62	−0.015%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.95	+0.216%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0091%	1h	142.65	+0.006%	$5K	$293K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.76	+0.084%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.71	+0.048%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.68	+0.027%	$76.8M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.65	+0.007%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.73	+0.059%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.58	−0.043%	$63.7M	$186.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.56	−0.057%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.55	−0.064%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.78	+0.097%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.167%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.63	−0.008%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.55	−0.064%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.59	−0.036%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.46	−0.128%	$28.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.60	−0.029%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.70	+0.041%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.022%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.72	+0.053%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.78	+0.096%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.79	+0.104%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.70	+0.041%	$124K	$386K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	142.64	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.128%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.64	−0.001%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.48	−0.116%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.67	+0.020%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.70	+0.039%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.83	+0.132%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.67	+0.017%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0324%	1h	142.76	+0.080%	$3.4M	$2.1M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.125%	$792K	$2.8M	50x	as long as short