Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.003%

Price spread now: Lighter against SunX+0.227%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1461.459% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.468%−$47 · spread now +0.227%, 7d avg +0.136%

Together, before fees−0.464%+ Points / potential airdropLighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.091% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	140.99	0.0100	pay 0.0100% / 8h	7h 36m	$2K	$1.3M	20x
Short	Lighter AAVE	141.31	0.0176	get 0.0022% / 1h	36m 01s	$4.5M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.227%Rate

Funding earned: $15.96
Price spread: +0.227% → +0.136%: $9.13
Slippage, 4 orders: −$137.94
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$120.85
Costs to cover: 1.459%
Break-even: 60.0 days

Slippage from SunX: live order book, 8 min ago; Lighter: live order book, 7 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	44.91 bp	66.2 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.22 bp	9.6 bp −$10	26.1 bp −$261	58.3 bp −$5,829	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	−0.0033%	1h	141.11	+0.089%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.09	+0.078%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.11	+0.089%	$53K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.06	+0.053%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.855%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.07	+0.059%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0088%	8h	141.04	+0.039%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.99	+0.004%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.394%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.98	−0.006%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.01	+0.021%	$825K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.28	+0.209%	$77.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.16	+0.126%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.06	+0.055%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.12	+0.099%	$63.4M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.11	+0.089%	$60.9M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.13	+0.103%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.16	+0.124%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.129%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.13	+0.103%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.10	+0.082%	$22.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.10	+0.082%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.11	+0.089%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.13	+0.103%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	+0.125%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.14	+0.112%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	+0.145%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.20	+0.152%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.00	+0.011%	$133K	$474K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	140.99	long leg	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	141.09	+0.074%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.01	+0.021%	$663K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.11	+0.089%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.07	+0.059%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.10	+0.081%	$119K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0174%	1h	141.27	+0.202%	$384K	$732K	10x	as long as short
Lighter AAVEshort	+0.0176%	1h	141.31	+0.227%	$4.5M	$2.5M	10x
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.02	+0.025%	$751K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.160%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.06	+0.053%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.18	+0.140%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.06	+0.055%	$110K	—	100x	as long as short