Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.053%

Price spread now: KuCoin against Coinbase International−0.056%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 4 days (all we have)−0.269%−$27 · spread now −0.056%, 7d avg −0.071%

Together, before fees−0.494%−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	142.80	0.0216	pay 0.0027% / 1h	16m 08s	$760K	$2.7M	50x
Short	KuCoin AAVEUSDTM	142.72	0.0100	get 0.0100% / 8h	7h 16m	$10.3M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$24.36
Price spread: −0.056% → −0.071%: $1.51
Slippage, 4 orders: −$36.89
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$81.74
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; KuCoin: live order book, 2 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 Coinbase International live order book, 3 min ago	2.81 bp	13.3 bp −$13	16.6 bp −$166	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.40 bp	15.3 bp −$15	40.0 bp −$400	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
Phemex AAVEUSDT	−0.0245%	8h	142.65	−0.105%	$3.9M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0100%	1h	142.65	−0.105%	$212K	$390K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.58	−0.151%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.63	−0.119%	$50K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.52	−0.198%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.090%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.38	−0.293%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	142.62	−0.126%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0092%	8h	142.66	−0.098%	$17K	$6K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	142.27	−0.371%	$4K	$99K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.45	−0.245%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.54	−0.182%	$837K	$391K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.82	+0.014%	$78.0M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.70	−0.070%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.54	−0.182%	$348K	$408K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.64	−0.115%	$63.8M	$189.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.68	−0.084%	$61.5M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.63	−0.119%	$16.5M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	−0.077%	$95K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.41	−0.273%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.65	−0.105%	$8.1M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.71	−0.063%	$22.7M	$24.3M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.72	−0.056%	$10.3M	$9.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.70	−0.070%	$29.0M	$17.7M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.65	−0.105%	—	$43.2M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.319%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.24	−0.389%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.28	−0.365%	$455K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.39	−0.287%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.64	−0.112%	$135K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.46	−0.235%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.70	−0.070%	$6K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.81	+0.004%	$671K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.66	−0.099%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.70	−0.067%	$121K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	142.94	+0.095%	$4.6M	$2.6M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0205%	1h	142.80	0.000%	$388K	$737K	10x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0216%	1h	142.80	long leg	$760K	$2.7M	50x
BloFin AAVE-USDT	+0.0220%	8h	142.52	−0.196%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.55	−0.178%	$173K	$292K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	142.80	−0.003%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.53	−0.189%	$111K	—	100x	as long as short