Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h −0.013%

Price spread now: Kraken Futures against SunX+0.048%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2262.257% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.048%, 7d avg +0.040%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	140.63	0.0100	pay 0.0100% / 8h	7h 30m	$1K	$1.3M	20x
Short	Kraken Futures PF_AAVEUSD	140.69	0.0250	get 0.0031% / 1h	30m 47s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.048%Rate

Funding earned: $31.49
Price spread: +0.048% → +0.040%: $0.81
Slippage, 4 orders: −$207.74
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$193.44
Costs to cover: 2.257%
Break-even: 50.0 days

Slippage from SunX: live order book, 3 min ago; Kraken Futures: live order book, 3 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, 3 min ago	79.97 bp	100.5 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.91 bp	13.2 bp −$13	17.3 bp −$173	113.1 bp −$11.3K	doesn't fit

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
dYdX AAVE-USD	0.0000%	1h	140.56	−0.044%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.68	+0.038%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.66	+0.024%	$212K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.67	+0.034%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.607%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.61	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.64	+0.010%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.69	+0.046%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	140.68	+0.038%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.57	−0.038%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	140.65	+0.017%	$835K	$408K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.71	+0.060%	$76.8M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.63	0.000%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.61	−0.014%	$327K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.55	−0.054%	$63.1M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.55	−0.054%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.55	−0.054%	$16.5M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.77	+0.102%	$94K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.385%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.62	−0.004%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.58	−0.033%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.62	−0.004%	$10.1M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.55	−0.054%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.58	−0.033%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.62	−0.003%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.75	+0.089%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.380%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.78	+0.110%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.72	+0.067%	$133K	$474K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	140.63	long leg	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	140.62	−0.004%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.77	+0.102%	$662K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.66	+0.024%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.51	−0.081%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.68	+0.041%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0160%	1h	140.78	+0.109%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0168%	1h	140.78	+0.110%	$386K	$737K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.75	+0.088%	$749K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.62	−0.004%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.69	+0.048%	$171K	$300K	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0250%	1h	140.69	+0.048%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.67	+0.032%	$110K	—	100x	as long as short