Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.007%

Price spread now: SunX against RISEx+0.022%7-day average −0.014% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1511.509% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.022%, 7d avg −0.014%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.036% dearer against RISEx than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	140.66	0.0175	pay 0.0022% / 1h	45m 01s	$170K	$231K	10x
Short	SunX AAVE-USDT	140.69	0.0100	get 0.0100% / 8h	4h 45m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against RISEx. 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 RISExbpFee SunXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$15.79
Price spread: +0.022% → −0.014%: $3.57
Slippage, 4 orders: −$136.91
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$163.13
Costs to cover: 1.509%
Break-even: never at this rate

Slippage from RISEx: live order book, 61 min ago; SunX: live order book, 1 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 RISEx live order book, 61 min ago	1.27 bp	4.3 bp −$4	8.7 bp −$87	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	45.94 bp	75.9 bp −$76	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	−0.0135%	1h	140.70	+0.026%	$7K	$207K	10x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	140.65	−0.010%	$10K	$370	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0034%	1h	140.71	+0.033%	$209K	$307K	50x	as long as short
Bybit AAVEUSDT	−0.0005%	8h	140.75	+0.061%	$61.1M	$59.6M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.69	+0.016%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.73	+0.047%	$47K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.73	+0.049%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.633%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.65	−0.007%	—	—	20x	as long as short
Variational Omni AAVE	+0.0050%	8h	140.35	−0.224%	$3.6M	$748K	—	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0052%	1h	140.36	−0.216%	$130K	$222K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0083%	8h	140.66	−0.003%	$17K	$2K	10x	as long as short
Phemex AAVEUSDT	+0.0088%	8h	140.75	+0.061%	$3.9M	$3.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	140.91	+0.172%	$4.5M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.33	−0.237%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.56	−0.077%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.56	−0.074%	$818K	$313K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.90	+0.168%	$77.5M	$27.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.83	+0.115%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.62	−0.031%	$343K	$300K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.78	+0.085%	$63.4M	$159.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.79	+0.090%	$16.0M	$51.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.72	+0.040%	$94K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.67	+0.005%	$112K	$73K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.74	+0.054%	$8.2M	$13.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.81	+0.104%	$22.5M	$21.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.82	+0.111%	$10.2M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.80	+0.097%	$29.1M	$16.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.73	+0.047%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.91	+0.175%	$383K	$596K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.16	−0.356%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.70	+0.026%	$451K	$3.0M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.76	+0.068%	$132K	$370K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	140.69	+0.022%	$1K	$1.1M	20x
HTX AAVE-USDT	+0.0100%	8h	140.93	+0.190%	$636K	$1.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.73	+0.050%	$906K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.69	+0.019%	$119K	—	10x	as long as short
RISEx AAVE/USDClong	+0.0175%	1h	140.66	long leg	$170K	$231K	10x
BloFin AAVE-USDT	+0.0220%	8h	140.76	+0.068%	$3.3M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	140.73	+0.048%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.88	+0.154%	$755K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0335%	1h	140.79	+0.089%	$3.4M	$1.8M	50x	as long as short