Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.298%

Price spread now: KuCoin against Deribit−0.069%7-day average +0.022% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$39 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now −0.069%, 7d avg +0.022%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.091% cheaper against Deribit than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.022%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.395% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	144.91	−0.0302	get 0.0038% / 1h	25m 33s	$249K	$483K	50x
Short	KuCoin AAVEUSDTM	144.81	0.0100	get 0.0100% / 8h	2h 25m	$10.3M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $84.42
Price spread: −0.069% → +0.022%: −$9.14
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $56.28
Costs to cover: 0.190%
Break-even: 2.3 days

Slippage unknown: Deribit: live order book, 58 min ago; KuCoin: live order book, 3 min ago. Net counts fees only.

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 Deribit live order book, 58 min ago	14.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.73 bp	17.4 bp −$17	33.7 bp −$337	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-PERPETUALlong	−0.0302%	1h	144.91	long leg	$249K	$483K	50x
SoDEX AAVE-USD	−0.0179%	1h	144.87	−0.028%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.71	−0.138%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.63	−0.193%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.85	−0.044%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.58	−0.228%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.97	+0.044%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.01	+0.069%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.486%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.73	−0.121%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	−0.110%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.68	−0.159%	$17.5M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	144.87	−0.028%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.71	−0.138%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0059%	8h	144.65	−0.177%	$65.9M	$184.1M	75x	as long as short
MEXC AAVE_USDT	+0.0060%	8h	144.65	−0.179%	$31.6M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0087%	1h	144.73	−0.126%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	−0.105%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.88	−0.019%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.90	−0.005%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.74	−0.117%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.72	−0.133%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.85	−0.041%	$80.5M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.75	−0.111%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.71	−0.141%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.71	−0.138%	$61.6M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	−0.145%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.423%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.81	−0.069%	$10.3M	$8.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.68	−0.159%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.70	−0.145%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.96	+0.035%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.45	−0.318%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.67	−0.164%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.83	−0.055%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.70	−0.144%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.11	+0.139%	$723K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.93	+0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.66	−0.170%	$933K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0180%	8h	144.78	−0.090%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.380%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.98	+0.048%	$125K	—	100x	as long as short