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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: KuCoin against HTX−0.069%7-day average +0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.448%+$45 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.069%, 7d avg +0.126%

Together, before fees+0.525%+$52 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 0.196% cheaper against HTX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	142.95	0.0100	pay 0.0100% / 8h	3h 08m	$684K	$5.2M	75x
Short	KuCoin AAVEUSDTM	142.85	0.0100	get 0.0100% / 8h	3h 08m	$10.3M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.126%: −$19.57
Slippage, 4 orders: −$54.44
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.01
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; KuCoin: live order book, 5 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 HTX live order book, 1 min ago	8.57 bp	17.8 bp −$18	64.9 bp −$649	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.70 bp	13.7 bp −$14	24.3 bp −$243	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	142.71	−0.168%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.72	−0.160%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.85	−0.069%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.88	−0.048%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.190%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.74	−0.146%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0036%	1h	142.74	−0.150%	$831K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.79	−0.115%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	142.85	−0.069%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	142.82	−0.090%	$4.0M	$3.6M	50x	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	142.73	−0.155%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.97	+0.015%	$78.1M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.85	−0.069%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.70	−0.178%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.85	−0.067%	$63.8M	$188.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.85	−0.069%	$61.4M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.86	−0.062%	$17.1M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.84	−0.076%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.97	+0.015%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.83	−0.083%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.85	−0.069%	$25.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.85	−0.069%	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.85	−0.069%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.83	−0.083%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.96	+0.008%	$336K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.66	−0.203%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.93	−0.015%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.96	+0.008%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.98	+0.022%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.86	−0.062%	$132K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.88	−0.050%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.84	−0.076%	$5K	$310K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	142.95	long leg	$684K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	142.80	−0.106%	$904K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.84	−0.076%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.87	−0.059%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.81	−0.095%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.49	−0.321%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.92	−0.018%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.88	−0.052%	$112K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	143.08	+0.090%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.91	−0.027%	$781K	$2.8M	50x	as long as short