Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: KuCoin against Extended+0.084%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.084%, 7d avg +0.058%

Together, before fees−0.127%+ Points / potential airdropExtended: Active · farm board−$13 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 0.026% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	142.48	0.0104	pay 0.0013% / 1h	18m 03s	$916K	$1.8M	50x
Short	KuCoin AAVEUSDTM	142.60	0.0100	get 0.0100% / 8h	7h 18m	$10.3M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$0.84
Price spread: +0.084% → +0.058%: $2.6
Slippage, 4 orders: −$31.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.35
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 10 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 Extended live order book, 5 min ago	2.47 bp	6.1 bp −$6	18.7 bp −$187	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.07 bp	17.0 bp −$17	39.7 bp −$397	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	−0.0203%	8h	142.41	−0.049%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.28	−0.138%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.50	+0.014%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.53	+0.035%	$212K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.45	−0.019%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.875%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.31	−0.123%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	142.49	+0.007%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0091%	8h	142.48	0.000%	$17K	$7K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	142.27	−0.148%	$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	142.33	−0.103%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.27	−0.148%	$835K	$394K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.69	+0.147%	$78.0M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.64	+0.111%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.39	−0.063%	$347K	$408K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.59	+0.074%	$63.7M	$189.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.51	+0.021%	$61.4M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.50	+0.014%	$16.5M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.53	+0.035%	$95K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.41	−0.049%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.55	+0.049%	$8.1M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.52	+0.028%	$22.7M	$24.3M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.60	+0.084%	$10.3M	$9.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.58	+0.070%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.50	+0.014%	—	$43.1M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.096%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.32	−0.114%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.35	−0.090%	$455K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.39	−0.063%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.39	−0.063%	$135K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.41	−0.047%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.52	+0.028%	$6K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.50	+0.013%	$670K	$5.3M	75x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	142.48	long leg	$916K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.53	+0.035%	$120K	$146	10x	as long as short
Lighter AAVE	+0.0128%	1h	142.72	+0.171%	$4.6M	$2.6M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0201%	1h	142.70	+0.154%	$388K	$738K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	142.55	+0.049%	$758K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.25	−0.162%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.46	−0.014%	$173K	$292K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	142.66	+0.123%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.41	−0.048%	$111K	—	100x	as long as short