Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.002%

Price spread now: SunX against Aevo−0.021%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2172.172% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.021%, 7d avg −0.017%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	145.61	0.0088	pay 0.0011% / 1h	24m 23s	$123K	$146	10x
Short	SunX AAVE-USDT	145.57	0.0100	get 0.0100% / 8h	24m 23s	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $2.52
Price spread: −0.021% → −0.017%: −$0.45
Slippage, 4 orders: −$193.15
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$215.09
Costs to cover: 2.172%
Break-even: 604.5 days

Slippage from Aevo: live order book, 54 min ago; SunX: live order book, 10 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 Aevo live order book, 54 min ago	26.19 bp	45.0 bp −$45	265.8 bp −$2,658	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	44.88 bp	66.5 bp −$67	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
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.57	−0.024%	$254K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0065%	1h	145.56	−0.031%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	+0.230%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.60	−0.003%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.62	+0.010%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.79	+0.127%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.66	+0.040%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.66	+0.041%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.937%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.59	−0.010%	$29.9M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	145.60	−0.003%	$66.4M	$186.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.56	−0.032%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.58	−0.017%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.62	+0.010%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0074%	8h	145.57	−0.024%	$17.9M	$67.5M	50x	as long as short
Aevo AAVE-PERPlong	+0.0088%	1h	145.61	long leg	$123K	$146	10x
Lighter AAVE	+0.0096%	1h	145.88	+0.189%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.58	−0.014%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.54	−0.041%	$801K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.74	+0.093%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.68	+0.049%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.64	+0.021%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.60	−0.003%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.58	−0.017%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.319%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.58	−0.017%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.53	−0.052%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.61	+0.003%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.87	+0.182%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.318%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.08	+0.325%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.294%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	+0.319%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.64	+0.024%	$127K	$456K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	145.57	−0.021%	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.087%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.62	+0.010%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.52	−0.058%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.62	+0.011%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.77	+0.113%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.66	+0.040%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	+0.278%	$786K	$3.0M	50x	as long as short