Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Arcus−0.117%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1491.489% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.313%+$31 · spread now −0.117%, 7d avg −0.029%

Together, before fees+0.319%+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.088% cheaper against Arcus than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	142.01	0.0100	pay 0.0013% / 1h	18m 12s	$95K	$206K	10x
Short	SunX AAVE-USDT	141.84	0.0100	get 0.0100% / 8h	6h 18m	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.029%: −$8.83
Slippage, 4 orders: −$136.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$157.73
Costs to cover: 1.489%
Break-even: never at this rate

Slippage from Arcus: live order book, 33 min ago; SunX: live order book, 8 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 Arcus live order book, 33 min ago	1.06 bp	5.2 bp −$5	15.9 bp −$159	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.93 bp	67.1 bp −$67	doesn't fit	doesn't fit	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0109%	1h	141.85	−0.113%	$6K	$241K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0040%	1h	141.90	−0.077%	$132K	$221K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.91	−0.070%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.94	−0.049%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.80	−0.148%	$42K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.89	−0.085%	$210K	$354K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.74	−0.190%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.556%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.82	−0.137%	—	—	20x	as long as short
Bybit AAVEUSDT	+0.0048%	8h	141.75	−0.183%	$61.1M	$62.2M	75x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0061%	8h	141.84	−0.120%	$3.9M	$3.6M	50x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	−0.049%	$4K	$97K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.82	−0.134%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.97	−0.027%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.68	−0.233%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.79	−0.151%	$814K	$317K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.08	+0.048%	$78.0M	$31.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.90	−0.077%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.75	−0.183%	$345K	$319K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.82	−0.131%	$63.9M	$170.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.85	−0.113%	$16.5M	$55.1M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	142.01	long leg	$95K	$206K	10x
Bulk AAVE-USD	+0.0100%	1h	141.80	−0.148%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.88	−0.092%	$8.1M	$14.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.87	−0.099%	$22.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.90	−0.077%	$10.3M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.85	−0.113%	$29.3M	$16.6M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.86	−0.106%	—	$43.2M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.78	−0.165%	$3.7M	$724K	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.84	−0.119%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.303%	$452K	$3.3M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.97	−0.028%	$134K	$397K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	141.84	−0.117%	$1K	$1.2M	20x
HTX AAVE-USDT	+0.0100%	8h	141.85	−0.115%	$664K	$1.5M	75x	as long as short
Backpack AAVE_USDC_PERP	+0.0103%	1h	141.82	−0.134%	$387K	$633K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.84	−0.122%	$916K	$1.6M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.89	−0.084%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0164%	1h	141.94	−0.048%	$172K	$206K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0176%	1h	141.98	−0.019%	$3.4M	$1.9M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.72	−0.204%	$3.3M	$3.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	142.00	−0.007%	$753K	$2.3M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.76	−0.174%	$110K	—	100x	as long as short