Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: KuCoin against Aevo+0.078%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.078%, 7d avg −0.004%

Together, before fees−0.316%−$32 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: KuCoin is 0.082% dearer against Aevo than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	143.47	0.0104	pay 0.0013% / 1h	17m 51s	$121K	$146	10x
Short	KuCoin AAVEUSDTM	143.58	0.0100	get 0.0100% / 8h	2h 17m	$10.3M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$0.84
Price spread: +0.078% → −0.004%: $8.17
Slippage, 4 orders: −$83.26
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.93
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Aevo: live order book, 31 min ago; KuCoin: live order book, 6 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 Aevo live order book, 31 min ago	21.97 bp	32.9 bp −$33	197.3 bp −$1,973	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.46 bp	23.4 bp −$23	37.8 bp −$378	doesn't fit	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	143.45	−0.013%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	+0.015%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.65	+0.126%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.63	+0.110%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.57	+0.071%	$840K	$399K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.537%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.59	+0.083%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.65	+0.126%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0092%	8h	143.63	+0.112%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.38	−0.063%	$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
Aster AAVEUSDT	+0.0100%	8h	143.59	+0.088%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	−0.020%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.55	+0.054%	$64.5M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.56	+0.064%	$61.7M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.51	+0.029%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+0.098%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.829%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.56	+0.064%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.56	+0.064%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.58	+0.078%	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.55	+0.057%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.56	+0.064%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.543%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.479%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.931%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.898%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.66	+0.133%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.65	+0.124%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.65	+0.126%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.66	+0.135%	$682K	$5.2M	75x	as long as short
Hyperliquid AAVE	+0.0101%	1h	143.73	+0.182%	$78.5M	$37.2M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.47	+0.003%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.60	+0.091%	$10K	$2K	5x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	143.47	long leg	$121K	$146	10x
Phoenix AAVE	+0.0118%	1h	142.32	−0.801%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0159%	1h	143.69	+0.154%	$341K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.58	+0.080%	$195K	$255K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.51	+0.029%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.72	+0.175%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.85	+0.267%	$4.6M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.62	+0.104%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	+0.078%	$767K	$2.9M	50x	as long as short