Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.013%

Price spread now: KuCoin against Injective+4.753%85s7-day average — · you sell dearer than you buy

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 4.753% dearer against Injective than usual: you sell high and buy low: +$475 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	39m 53s	$422	$51K	12x
Short	KuCoin AAVEUSDTM	143.47	0.0100	get 0.0100% / 8h	5h 39m	$10.7M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +4.753%Rate

Funding earned: $14
Price spread: +4.753% → 0.000%: $475.32
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $477.3
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.04 bp	18.2 bp −$18	36.1 bp −$361	doesn't fit	doesn't fit

Injective: 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
01 Exchange AAVEUSD	−0.0064%	1h	143.56	+4.819%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	+4.754%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.62	+4.863%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.57	+4.826%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.59	+4.840%	$80K	—	150x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	+4.826%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.53	+4.794%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	+4.761%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0094%	1h	143.64	+4.877%	$833K	$431K	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	143.46	+4.744%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0097%	8h	143.37	+4.680%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.63	+4.872%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.50	+4.773%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.58	+4.834%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.56	+4.817%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.38	+4.688%	$64.3M	$183.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.40	+4.702%	$61.3M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+4.855%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+4.816%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.42	+4.717%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.39	+4.695%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.47	+4.753%	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.37	+4.680%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.41	+4.709%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	+4.892%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+4.766%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	+4.944%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+4.980%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+4.980%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+4.848%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.61	+4.855%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.57	+4.826%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.67	+4.900%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.54	+4.804%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.37	+4.681%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.60	+4.851%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.65	+4.884%	$195K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	+4.688%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.56	+4.822%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.63	+4.870%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	+4.834%	$777K	$2.8M	50x	as long as short