Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against Binance−0.233%46s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1451.448% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.345%+$34 · spread now −0.233%, 7d avg −0.018%

Together, before fees+0.417%+$42 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 0.216% cheaper against Binance than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	140.46	0.0100	pay 0.0100% / 8h	4h 48m	$63.3M	$158.8M	75x
Short	SunX AAVE-USDT	140.14	0.0100	get 0.0100% / 8h	4h 48m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → −0.018%: −$21.56
Slippage, 4 orders: −$126.8
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.36
Costs to cover: 1.448%
Break-even: never at this rate

Slippage from Binance: live order book, 3 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 Binance live order book, 3 min ago	0.36 bp	6.9 bp −$7	14.5 bp −$145	47.3 bp −$4,727	doesn't fit
Sell SunX live order book, 8 min ago	44.90 bp	65.3 bp −$65	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
Deribit AAVE_USDC-PERPETUAL	−0.5246%	1h	139.34	−0.801%	$207K	$307K	50x	as long as short
SoDEX AAVE-USD	−0.0139%	1h	140.20	−0.188%	$7K	$216K	10x	as long as short
01 Exchange AAVEUSD	−0.0080%	1h	140.47	+0.004%	$10K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0008%	8h	140.41	−0.039%	$60.7M	$59.5M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.50	+0.026%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	139.77	−0.494%	$47K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	139.97	−0.352%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.495%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.36	−0.075%	—	—	20x	as long as short
Variational Omni AAVE	+0.0053%	8h	140.23	−0.168%	$3.6M	$746K	—	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0083%	8h	139.97	−0.352%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	140.69	+0.163%	$4.5M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.65	+0.132%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.53	+0.044%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.49	+0.015%	$818K	$313K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.57	+0.075%	$77.3M	$27.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.54	+0.054%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.52	+0.041%	$342K	$300K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	140.46	long leg	$63.3M	$158.8M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.35	−0.081%	$16.0M	$51.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.52	+0.040%	$94K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.57	+0.078%	$165K	$20K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.50	+0.025%	$8.2M	$13.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.53	+0.047%	$22.3M	$21.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.58	+0.082%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.41	−0.039%	$29.0M	$16.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.54	+0.054%	—	$34.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.34	−0.089%	$383K	$592K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.14	−0.230%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.19	−0.198%	$442K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.25	−0.153%	$130K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.48	+0.011%	$131K	$369K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	140.14	−0.233%	$2K	$1.1M	20x
HTX AAVE-USDT	+0.0100%	8h	140.57	+0.076%	$634K	$1.4M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.20	−0.188%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.37	−0.066%	$907K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	139.90	−0.405%	$118K	—	10x	as long as short
RISEx AAVE/USDC	+0.0175%	1h	140.50	+0.024%	$172K	$229K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.07	−0.281%	$3.2M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	140.08	−0.277%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.22	−0.174%	$750K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0337%	1h	140.19	−0.195%	$3.4M	$1.8M	50x	as long as short