Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: KuCoin against Binance−0.057%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.057%, 7d avg −0.007%

Together, before fees+0.012%+$1 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 0.050% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	143.52	0.0100	pay 0.0100% / 8h	2h 18m	$64.5M	$191.3M	75x
Short	KuCoin AAVEUSDTM	143.44	0.0100	get 0.0100% / 8h	2h 18m	$10.3M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.007%: −$5.02
Slippage, 4 orders: −$32.21
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$59.24
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; KuCoin: 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 Binance live order book, 10 min ago	0.35 bp	8.1 bp −$8	12.4 bp −$124	48.6 bp −$4,860	doesn't fit
Sell KuCoin live order book, 5 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	−0.050%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.11	−0.287%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.48	−0.029%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.50	−0.017%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0021%	1h	143.45	−0.050%	$839K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.572%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.46	−0.046%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.50	−0.016%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0090%	8h	143.48	−0.029%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.38	−0.101%	$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
Hyperliquid AAVE	+0.0100%	1h	143.57	+0.033%	$78.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.53	+0.005%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	−0.057%	$327K	$448K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	143.52	long leg	$64.5M	$191.3M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.54	+0.012%	$61.6M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.54	+0.012%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+0.061%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.866%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.46	−0.043%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.47	−0.036%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.44	−0.057%	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.45	−0.050%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.49	−0.023%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.580%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.517%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.968%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.935%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.56	+0.026%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.50	−0.018%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.48	−0.029%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.57	+0.030%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.42	−0.069%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.60	+0.054%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.38	−0.100%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.838%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0156%	1h	143.66	+0.096%	$341K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.58	+0.042%	$195K	$255K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.51	−0.009%	$3.3M	$3.6M	100x	as long as short
Lighter AAVE	+0.0232%	1h	143.61	+0.058%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.59	+0.050%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.48	−0.031%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	+0.040%	$767K	$2.9M	50x	as long as short