Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Aevo against KuCoin+0.045%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1071.069% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.045%, 7d avg +0.004%

Together, before fees+0.154%+$15 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: Aevo is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	142.04	0.0100	pay 0.0100% / 8h	42m 17s	$10.2M	$9.5M	75x
Short	Aevo AAVE-PERP	142.10	0.0104	get 0.0013% / 1h	42m 17s	$120K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.045%Rate

Funding earned: $0.84
Price spread: +0.045% → +0.004%: $4.12
Slippage, 4 orders: −$78.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$101.98
Costs to cover: 1.069%
Break-even: 856.9 days

Slippage from KuCoin: live order book, 6 min ago; Aevo: live order book, 61 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 KuCoin live order book, 6 min ago	1.40 bp	15.6 bp −$16	31.8 bp −$318	doesn't fit	doesn't fit
Sell Aevo live order book, 61 min ago	23.51 bp	36.8 bp −$37	179.7 bp −$1,797	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	142.00	−0.031%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.93	−0.077%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.09	+0.035%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.07	+0.024%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.576%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.99	−0.035%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	142.06	+0.014%	$18K	$7K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.17	+0.089%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.96	−0.058%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.95	−0.065%	$827K	$394K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	142.22	+0.127%	$77.9M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.11	+0.049%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.98	−0.039%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.06	+0.017%	$63.6M	$189.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.03	−0.007%	$61.3M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.04	0.000%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.06	+0.014%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	−0.078%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.08	+0.028%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.04	0.000%	$23.8M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	142.04	long leg	$10.2M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.03	−0.007%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.05	+0.007%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.17	+0.090%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.26	+0.158%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	+0.029%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	−0.014%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.11	+0.049%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.04	+0.001%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.07	+0.021%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.15	+0.077%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.83	−0.148%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.01	−0.023%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.02	−0.014%	$10K	$2K	5x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	142.10	+0.045%	$120K	$146	10x
Phoenix AAVE	+0.0152%	1h	142.18	+0.099%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.77	−0.190%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	142.12	+0.054%	$188K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.07	+0.023%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.03	−0.007%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0269%	1h	142.15	+0.078%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0329%	1h	142.02	−0.014%	$387K	$728K	10x	as long as short