Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Arcus against KuCoin−0.007%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.007%, 7d avg +0.010%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.96	0.0100	pay 0.0100% / 8h	5h 14m	$10.7M	$9.2M	75x
Short	Arcus AAVE-USD	143.95	0.0100	get 0.0013% / 1h	14m 20s	$44K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.010%: −$1.73
Slippage, 4 orders: −$33.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$51.56
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Arcus: live order book, 49 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, 4 min ago	1.04 bp	15.5 bp −$15	35.3 bp −$353	doesn't fit	doesn't fit
Sell Arcus live order book, 49 min ago	2.42 bp	6.8 bp −$7	25.0 bp −$250	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
Deribit AAVE_USDC-PERPETUAL	−0.3502%	1h	143.39	−0.396%	$227K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.91	−0.035%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.98	+0.014%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.86	−0.069%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	−0.062%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.862%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.79	−0.118%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.88	−0.056%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0054%	1h	143.91	−0.031%	$831K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.42	+0.320%	$5K	$98K	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	144.07	+0.078%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.96	−0.003%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.96	0.000%	$77.9M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.91	−0.038%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	−0.014%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.87	−0.063%	$64.4M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.87	−0.063%	$61.4M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.88	−0.056%	$17.2M	$63.4M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.95	−0.007%	$44K	$179K	10x
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.079%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.86	−0.069%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.86	−0.069%	$26.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.96	long leg	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.87	−0.063%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.84	−0.083%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.10	+0.097%	$321K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.220%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.266%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.299%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.306%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.87	−0.063%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.87	−0.062%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.88	−0.056%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.218%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.90	−0.042%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.84	−0.086%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.91	−0.038%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.98	+0.015%	$187K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.05	+0.063%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.86	−0.067%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.95	−0.004%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.32	+0.250%	$785K	$2.8M	50x	as long as short