Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against SunX+0.114%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1421.423% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.114%, 7d avg +0.131%

Together, before fees−0.085%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	144.36	0.0100	pay 0.0100% / 8h	6h 19m	$2K	$1.3M	20x
Short	Lighter AAVE	144.52	0.0096	get 0.0012% / 1h	19m 59s	$4.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$0.84
Price spread: +0.114% → +0.131%: −$1.69
Slippage, 4 orders: −$134.3
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$144.83
Costs to cover: 1.423%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Lighter: 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, 4 min ago	44.88 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.17 bp	2.5 bp −$2	18.0 bp −$180	59.7 bp −$5,969	doesn't fit

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
01 Exchange AAVEUSD	−0.0048%	1h	144.29	−0.046%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.38	+0.020%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.031%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.38	+0.017%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.28	−0.053%	$245K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.31	−0.030%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.328%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.123%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.077%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.33	−0.018%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0063%	8h	144.24	−0.080%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0065%	8h	144.27	−0.060%	$65.2M	$184.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.19	−0.115%	$17.3M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.34	−0.013%	$200K	$229K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	144.52	+0.114%	$4.6M	$1.5M	10x
Aevo AAVE-PERP	+0.0096%	1h	144.33	−0.019%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.33	−0.021%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.25	−0.077%	$802K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.24	−0.080%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.27	−0.059%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.34	−0.012%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.20	−0.108%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	−0.032%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.060%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.17	−0.129%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.23	−0.087%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.19	−0.115%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.19	−0.115%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.25	−0.073%	$322K	$743K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.085%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.314%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.315%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.308%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	−0.039%	$124K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	144.36	long leg	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.30	−0.039%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.24	−0.080%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.20	−0.108%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.20	−0.111%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0375%	1h	144.31	−0.032%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.27	−0.060%	$790K	$2.8M	50x	as long as short