Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against BingX−0.121%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1431.433% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.428%+$43 · spread now −0.121%, 7d avg +0.002%

Together, before fees+0.466%+$47 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 0.123% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	144.66	0.0100	pay 0.0100% / 8h	1h 25m	—	$44.0M	—
Short	SunX AAVE-USDT	144.49	0.0100	get 0.0100% / 8h	1h 25m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.002%: −$12.28
Slippage, 4 orders: −$125.31
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.59
Costs to cover: 1.433%
Break-even: never at this rate

Slippage from BingX: 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 BingX live order book, 3 min ago	0.69 bp	5.7 bp −$6	8.0 bp −$80	20.8 bp −$2,077	42.5 bp −$21.3K
Sell SunX live order book, 8 min ago	44.91 bp	65.2 bp −$65	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	−0.0152%	1h	144.55	−0.076%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.54	−0.083%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0063%	1h	144.51	−0.104%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.37	−0.200%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.61	−0.034%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.53	−0.090%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.60	−0.038%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.59	−0.048%	$30.8M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.323%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.60	−0.045%	$65.8M	$185.6M	75x	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	144.52	−0.099%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.75	+0.059%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.53	−0.090%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.66	0.000%	$17.5M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.61	−0.037%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0058%	8h	144.63	−0.021%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.57	−0.062%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.031%	$455K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.80	+0.098%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.57	−0.061%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.54	−0.083%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.78	+0.083%	$79.6M	$34.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.68	+0.011%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.62	−0.028%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.63	−0.021%	$61.4M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	+0.028%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.271%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	−0.048%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.63	−0.021%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	144.66	long leg	—	$44.0M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.66	0.000%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.168%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.59	−0.048%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	+0.076%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.61	−0.035%	$127K	$467K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	144.49	−0.121%	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.67	+0.010%	$693K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	−0.131%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.64	−0.015%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0131%	8h	144.61	−0.035%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.60	−0.040%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.79	+0.090%	$784K	$3.0M	50x	as long as short