Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX+0.008%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.008%, 7d avg +0.018%

Together, before fees−0.165%+ Points / potential airdropPacifica: Active · farm board−$16 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	144.23	0.0100	pay 0.0100% / 8h	1h 30m	$1K	$1.3M	20x
Short	Pacifica AAVE	144.25	0.0100	get 0.0013% / 1h	30m 17s	$329K	$505K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.018%: −$0.95
Slippage, 4 orders: −$131.64
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$148.59
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Pacifica: live order book, 53 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	44.91 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 53 min ago	3.46 bp	7.5 bp −$7	doesn't fit	doesn't fit	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	−0.0160%	1h	144.27	+0.025%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.38	+0.101%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0070%	1h	144.37	+0.094%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.64	+0.281%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	+0.064%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.38	+0.101%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	+0.130%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0031%	8h	144.35	+0.080%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0032%	8h	144.36	+0.090%	$65.7M	$185.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.043%	$422	$51K	12x	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	144.31	+0.054%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.31	+0.055%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.35	+0.080%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.37	+0.094%	$7.8M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.36	+0.087%	$17.5M	$66.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.48	+0.171%	$3.5M	$2.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.43	+0.136%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.325%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.56	+0.225%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.21	−0.016%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.20	−0.020%	$798K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.41	+0.122%	$79.3M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.33	+0.067%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	144.25	+0.008%	$329K	$505K	10x
Bybit AAVEUSDT	+0.0100%	8h	144.37	+0.094%	$61.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	+0.025%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	+0.023%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.37	+0.094%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.36	+0.087%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.38	+0.101%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.48	+0.171%	$379K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	+0.127%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	+0.280%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.64	+0.281%	$134K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.35	+0.080%	$126K	$467K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.23	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.56	+0.229%	$693K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.29	+0.039%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.34	+0.077%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.27	+0.025%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.42	+0.130%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.47	+0.164%	$781K	$3.0M	50x	as long as short