Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.021%

Price spread now: KuCoin against gTrade (Gains Network)−0.013%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	gTrade (Gains Network) AAVE/USD	143.39	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	29m 07s	$80K	—	150x
Short	KuCoin AAVEUSDTM	143.37	0.0100	get 0.0100% / 8h	3h 29m	$10.4M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $19.96
Price spread: −0.013% → 0.000%: −$1.26
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.3
Costs to cover: 0.220%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.70 bp	17.4 bp −$17	32.2 bp −$322	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	143.52	+0.092%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.29	−0.068%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.31	−0.054%	$219K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	143.39	long leg	$80K	—	150x
Nado AAVE-PERP	+0.0033%	1h	143.41	+0.015%	$838K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.483%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	+0.134%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.32	−0.048%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0054%	8h	143.35	−0.027%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	143.30	−0.061%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.41	+0.015%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	−0.061%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.41	+0.018%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	+0.037%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.32	−0.048%	$64.0M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.32	−0.047%	$61.6M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.28	−0.075%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.46	+0.050%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.33	−0.040%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.32	−0.047%	$25.6M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.37	−0.013%	$10.4M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.32	−0.047%	$29.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.34	−0.033%	—	$43.7M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.190%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.48	+0.062%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.58	+0.130%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.53	+0.099%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.42	+0.022%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.32	−0.046%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.34	−0.033%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.65	+0.180%	$687K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	−0.054%	$58K	$2K	10x	as long as short
Lighter AAVE	+0.0104%	1h	143.52	+0.095%	$4.6M	$2.3M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.26	−0.091%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.36	−0.019%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0110%	1h	143.40	+0.008%	$337K	$720K	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.41	+0.013%	$186K	$252K	10x	as long as short
Hyperliquid AAVE	+0.0217%	1h	143.44	+0.036%	$78.6M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.33	−0.040%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.45	+0.045%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.37	−0.012%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.204%	$788K	$2.8M	50x	as long as short