Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.031% dearer against SunX than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	144.17	0.0100	pay 0.0100% / 8h	5h 57m	$1K	$1.3M	20x
Short	gTrade (Gains Network) AAVE/USD	144.22	L +0.0005% / S −0.0004%	get 0.0000% / 1h	57m 55s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.031%Rate

Funding earned: −$20.19
Price spread: +0.031% → 0.000%: $3.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	44.89 bp	65.5 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 41 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	−0.1969%	1h	143.88	−0.203%	$244K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.28	+0.075%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.225%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.29	+0.082%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	144.22	+0.031%	$70K	—	150x
Phoenix AAVE	+0.0006%	1h	144.51	+0.234%	$5K	$89K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.002%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.15	−0.017%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.17	−0.001%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0061%	1h	144.15	−0.015%	$5K	$291K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	143.79	−0.265%	$17.2M	$63.5M	50x	as long as short
MEXC AAVE_USDT	+0.0091%	8h	143.82	−0.244%	$26.4M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0091%	8h	143.82	−0.244%	$64.9M	$181.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.35	+0.123%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	+0.172%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.31	+0.096%	$803K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.16	−0.009%	$78.0M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.96	−0.148%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	+0.181%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.83	−0.237%	$61.5M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	+0.096%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.83	−0.237%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.88	−0.203%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.85	−0.223%	$29.9M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.83	−0.237%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.16	−0.008%	$322K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+0.137%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	+0.133%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.209%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.186%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.34	+0.117%	$126K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.17	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.30	+0.089%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.13	−0.029%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.074%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.78	−0.274%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.20	+0.020%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.33	+0.111%	$200K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0256% / S −0.0405%	1h	144.21	+0.025%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.24	+0.046%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.36	+0.130%	$776K	$2.8M	50x	as long as short