Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.028%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.028%, 7d avg +0.027%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	144.34	0.0100	pay 0.0100% / 8h	2h 35m	$30.1M	$18.2M	75x
Short	KuCoin AAVEUSDTM	144.38	0.0100	get 0.0100% / 8h	2h 35m	$10.3M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.027%: $0.09
Slippage, 4 orders: −$40.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.18
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: 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 Bitget live order book, 3 min ago	0.35 bp	11.2 bp −$11	19.0 bp −$190	77.1 bp −$7,709	doesn't fit
Sell KuCoin live order book, 3 min ago	2.43 bp	21.6 bp −$22	39.2 bp −$392	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
Deribit AAVE_USDC-PERPETUAL	−0.0304%	1h	144.22	−0.083%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0203%	1h	144.14	−0.139%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.11	−0.159%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.78	+0.305%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.045%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.05	−0.201%	$71K	$1.6M	3.4x	as long as short
ApeX Omni AAVEUSDT	+0.0001%	1h	144.66	+0.222%	$134K	$229K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.31	−0.023%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.32	−0.011%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.113%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.065%	—	—	20x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.31	−0.021%	$7.7M	$15.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.32	−0.014%	$17.5M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	144.16	−0.125%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0068%	8h	144.33	−0.007%	$31.8M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0068%	8h	144.37	+0.024%	$65.7M	$183.2M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0095%	8h	144.67	+0.230%	$459K	$4.0M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.54	+0.142%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.19	−0.101%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.17	−0.121%	$179K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	+0.032%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.20	−0.097%	$800K	$444K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.40	+0.042%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.25	−0.059%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.36	+0.013%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.37	+0.021%	$61.5M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.32	−0.014%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	+0.190%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.38	+0.028%	$10.3M	$8.6M	75x
Bitget AAVEUSDTlong	+0.0100%	8h	144.34	long leg	$30.1M	$18.2M	75x
BingX AAVE-USDC	+0.0100%	8h	144.35	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.30	−0.028%	$379K	$701K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.70	+0.246%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.12	−0.154%	$100K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.28	−0.042%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	−0.098%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.30	−0.026%	$725K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.19	−0.104%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.23	−0.075%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0190%	8h	144.11	−0.159%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.014%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.33	−0.005%	$124K	—	100x	as long as short