AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.68 per $10,000 · paid last 24h −0.020%

Price spread now: Binance against SunX−0.017%56s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1461.455% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.144%−$14 · spread now −0.017%, 7d avg +0.012%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.028% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs. The two prices were read 56 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	SunX AAVE-USDT	144.39	0.0100	pay 0.0100% / 8h	1h 30m	$2K	$1.3M	20x
Short	Binance AAVEUSDT	144.37	0.0032	get 0.0032% / 8h	1h 30m	$65.7M	$185.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.017%Rate

Funding earned: −$14.36
Price spread: −0.017% → +0.012%: −$2.83
Slippage, 4 orders: −$127.51
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$162.7
Costs to cover: 1.455%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago	44.91 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.35 bp	8.4 bp −$8	15.2 bp −$152	42.2 bp −$4,222	162.1 bp −$81.0K

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	−0.0160%	1h	144.27	−0.086%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.27	−0.086%	$253K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0074%	1h	144.28	−0.079%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.64	+0.170%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	−0.047%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.45	+0.039%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	+0.019%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0031%	8h	144.34	−0.037%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDTshort	+0.0032%	8h	144.37	−0.017%	$65.7M	$185.7M	75x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.148%	$422	$51K	12x	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	144.31	−0.057%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.31	−0.056%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.35	−0.030%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.37	−0.017%	$7.8M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.38	−0.010%	$17.5M	$66.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.38	−0.012%	$3.4M	$2.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.43	+0.025%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.214%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.40	+0.003%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.21	−0.127%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.20	−0.131%	$798K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.41	+0.011%	$79.3M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.25	−0.100%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.25	−0.103%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.37	−0.017%	$61.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	−0.086%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.088%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.32	−0.051%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.38	−0.010%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.38	−0.010%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.39	−0.003%	$379K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	+0.016%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	+0.169%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.64	+0.170%	$134K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.35	−0.030%	$126K	$467K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.39	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.31	−0.056%	$691K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.40	+0.004%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.22	−0.121%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.27	−0.086%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.42	+0.019%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.67	+0.191%	$782K	$3.0M	50x	as long as short