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: BingX against SunX−0.035%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

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

Long on SunX Short on BingX

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)−0.272%−$27 · spread now −0.035%, 7d avg −0.002%

Together, before fees−0.311%−$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: BingX is 0.033% cheaper against SunX than usual: you would sell low and buy high, −$3 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	SunX AAVE-USDT	146.27	0.0100	pay 0.0100% / 8h	48m 54s	$1K	$1.3M	20x
Short	BingX AAVE-USDT	146.22	0.0100	get 0.0100% / 8h	48m 54s	—	$44.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.002%: −$3.31
Slippage, 4 orders: −$126.75
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$148.06
Costs to cover: 1.448%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; BingX: live order book, 5 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, 5 min ago	44.86 bp	65.4 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.68 bp	7.4 bp −$7	9.9 bp −$99	20.6 bp −$2,058	51.9 bp −$26.0K

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
Deribit AAVE_USDC-PERPETUAL	−0.0160%	1h	146.21	−0.042%	$256K	$412K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.35	+0.054%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0023%	1h	146.21	−0.042%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.40	+0.091%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.31	+0.027%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.31	+0.023%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	+0.057%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	146.36	+0.061%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.366%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.25	−0.014%	$30.8M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.21	−0.045%	$66.6M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.26	−0.010%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.18	−0.062%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.18	−0.062%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.24	−0.021%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.23	−0.025%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.39	+0.081%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	+0.013%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.28	+0.003%	$809K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.26	−0.005%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.37	+0.070%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.20	−0.049%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.32	+0.033%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.152%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.25	−0.014%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.24	−0.021%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	146.22	−0.035%	—	$44.0M	—
Variational Omni AAVE	+0.0100%	8h	146.38	+0.072%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.35	+0.057%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.43	+0.111%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.41	+0.095%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.35	+0.054%	$128K	$466K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	146.27	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.126%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.24	−0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.20	−0.049%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.36	+0.059%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.31	+0.027%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0175%	1h	146.37	+0.068%	$80.9M	$34.4M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0194%	1h	146.28	+0.006%	$353K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.33	+0.041%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.109%	$795K	$3.0M	50x	as long as short