Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: KuCoin against edgeX+0.182%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.182%, 7d avg +0.013%

Together, before fees−0.498%+ Points / potential airdropedgeX: Active · farm board−$50 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 0.169% dearer against edgeX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	143.58	0.0100	pay 0.0050% / 4h	3h 55m	$103K	$278K	20x
Short	KuCoin AAVEUSDTM	143.84	0.0100	get 0.0100% / 8h	3h 55m	$10.6M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.013%: $16.87
Slippage, 4 orders: −$32.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.6
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from edgeX: live order book, 62 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 edgeX live order book, 62 min ago	3.52 bp	8.7 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.35 bp	16.6 bp −$17	36.1 bp −$361	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	143.66	+0.053%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.44	−0.097%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.47	−0.076%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	+0.268%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.610%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	+0.193%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.95	+0.258%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0051%	8h	143.47	−0.076%	$4.0M	$3.7M	50x	as long as short
Phoenix AAVE	+0.0056%	1h	143.71	+0.091%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.85	+0.192%	$846K	$404K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.84	+0.179%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.59	+0.006%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.85	+0.187%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.70	+0.084%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.95	+0.256%	$64.2M	$187.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.98	+0.279%	$61.9M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.93	+0.244%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.90	+0.223%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.731%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.96	+0.265%	$8.2M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.90	+0.223%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.84	+0.182%	$10.6M	$9.3M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.90	+0.223%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.95	+0.258%	—	$43.8M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.139%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	143.58	long leg	$103K	$278K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.029%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.60	+0.014%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.91	+0.230%	$125K	$439K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.35	−0.162%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.37	−0.146%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	−0.020%	$690K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.72	+0.098%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.94	+0.250%	$122K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0117%	1h	143.53	−0.034%	$337K	$720K	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.87	+0.202%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.85	+0.185%	$185K	$250K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.49	−0.062%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.49	−0.063%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.94	+0.248%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.82	+0.168%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0409%	1h	144.09	+0.356%	$79.2M	$36.7M	10x	as long as short