Funding arb · Price arb /

AAVE

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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: Arcus against SunX+0.109%7-day average +0.029% · 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−$141as in the Price arb table

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

Long on SunX Short on Arcus

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)−0.305%−$31 · spread now +0.109%, 7d avg +0.029%

Together, before fees−0.312%−$31 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: Arcus is 0.081% dearer against SunX than usual: you sell high and buy low, +$8 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	SunX AAVE-USDT	141.81	0.0100	pay 0.0100% / 8h	6h 20m	$2K	$1.2M	20x
Short	Arcus AAVE-USD	141.97	0.0100	get 0.0013% / 1h	20m 26s	$95K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.029%: $8.07
Slippage, 4 orders: −$136.4
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$140.84
Costs to cover: 1.489%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Arcus: live order book, 30 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 SunX live order book, 6 min ago	44.93 bp	66.6 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	1.06 bp	9.9 bp −$10	32.1 bp −$321	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	−0.0108%	1h	141.82	+0.004%	$6K	$241K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0070%	1h	141.55	−0.187%	$132K	$221K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.94	+0.085%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.83	+0.011%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.90	+0.060%	$42K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.87	+0.039%	$210K	$356K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.90	+0.062%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.423%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.72	−0.070%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0046%	8h	141.82	+0.004%	$3.9M	$3.6M	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AAVEUSDT	+0.0052%	8h	141.77	−0.032%	$61.1M	$62.3M	75x	as long as short
Phoenix AAVE	+0.0062%	1h	141.72	−0.067%	$4K	$97K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.74	−0.053%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.98	+0.114%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.78	−0.022%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.76	−0.037%	$814K	$319K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.99	+0.123%	$78.0M	$31.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.90	+0.060%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.83	+0.011%	$345K	$340K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.77	−0.028%	$63.9M	$170.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.76	−0.039%	$16.5M	$55.2M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	141.97	+0.109%	$95K	$209K	10x
Bulk AAVE-USD	+0.0100%	1h	141.80	−0.011%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.84	+0.018%	$8.1M	$14.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.80	−0.011%	$22.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.87	+0.039%	$10.3M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.77	−0.032%	$29.3M	$16.6M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.82	+0.004%	—	$43.3M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.78	−0.028%	$3.7M	$724K	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.58	−0.167%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.166%	$452K	$3.3M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.92	+0.074%	$134K	$400K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	141.81	long leg	$2K	$1.2M	20x
HTX AAVE-USDT	+0.0100%	8h	142.02	+0.144%	$663K	$1.5M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.76	−0.037%	$916K	$1.6M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.89	+0.051%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0109%	1h	142.01	+0.138%	$388K	$634K	10x	as long as short
RISEx AAVE/USDC	+0.0164%	1h	141.89	+0.054%	$172K	$204K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0176%	1h	141.97	+0.107%	$3.4M	$1.9M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.86	+0.032%	$3.3M	$3.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	142.00	+0.130%	$753K	$2.3M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.82	+0.002%	$110K	—	100x	as long as short