Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.034%

Price spread now: 01 Exchange against SunX+0.040%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. 01 Exchange is 0.040% dearer against SunX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	142.93	0.0100	pay 0.0100% / 8h	3h 26m	$2K	$1.3M	20x
Short	01 Exchange AAVEUSD	142.99	0.0088	get 0.0011% / 1h	26m 37s	$10K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$2.52
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$13.53
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; 01 Exchange: 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, 7 min ago	44.90 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
dYdX AAVE-USD	0.0000%	1h	143.00	+0.045%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.14	+0.145%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.94	+0.005%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.98	+0.031%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.179%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	+0.453%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0038%	1h	142.95	+0.015%	$835K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.93	−0.003%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	142.94	+0.005%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	142.95	+0.012%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSDshort	+0.0088%	1h	142.99	+0.040%	$10K	$2K	5x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.95	+0.013%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.04	+0.073%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	+0.044%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.94	+0.004%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	+0.005%	$61.5M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.94	+0.005%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.05	+0.082%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.04	+0.075%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.95	+0.012%	$25.5M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.01	+0.054%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.87	−0.044%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.94	+0.005%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.07	+0.096%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.509%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.36	+0.298%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.34	+0.284%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.53	+0.418%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	+0.075%	$132K	$449K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	142.93	long leg	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.96	+0.019%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.00	+0.050%	$686K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	+0.264%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.90	−0.024%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.98	+0.033%	$121K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	143.22	+0.201%	$4.5M	$2.3M	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.01	+0.052%	$185K	$252K	10x	as long as short
Hyperliquid AAVE	+0.0202%	1h	143.17	+0.164%	$78.4M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.94	+0.005%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	143.06	+0.087%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.97	+0.028%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.523%	$788K	$2.8M	50x	as long as short