Funding arb · Price arb /

AAVE

all AAVE markets

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 −0.014%

Price spread now: Binance against KuCoin−0.021%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.021%, 7d avg +0.007%

Together, before fees+0.057%+$6 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: Binance is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	141.58	0.0100	pay 0.0100% / 8h	0m 16s	$10.3M	$9.6M	75x
Short	Binance AAVEUSDT	141.55	0.0100	get 0.0100% / 8h	0m 16s	$63.7M	$192.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.007%: −$2.82
Slippage, 4 orders: −$26.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.37
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 13 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, 8 min ago	1.06 bp	17.5 bp −$18	39.4 bp −$394	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.35 bp	7.1 bp −$7	14.4 bp −$144	48.3 bp −$4,828	160.9 bp −$80.5K

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	141.63	+0.032%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.55	−0.021%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.54	−0.028%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.54	−0.030%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.263%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.45	−0.091%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	141.50	−0.057%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.74	+0.115%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.55	−0.022%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.49	−0.064%	$825K	$398K	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	141.70	+0.085%	$77.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.59	+0.009%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.56	−0.013%	$330K	$391K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	141.55	−0.021%	$63.7M	$192.5M	75x
Bybit AAVEUSDT	+0.0100%	8h	141.51	−0.049%	$60.9M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.51	−0.049%	$16.6M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.71	+0.092%	$92K	$222K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.57	−0.007%	$8.1M	$16.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.53	−0.035%	$23.0M	$24.5M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	141.58	long leg	$10.3M	$9.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.53	−0.035%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.52	−0.042%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	−0.038%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.28	−0.212%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	−0.213%	$451K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.24	−0.240%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.55	−0.021%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.51	−0.047%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.51	−0.049%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.57	−0.005%	$668K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.54	−0.028%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.32	−0.184%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.47	−0.080%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.55	−0.024%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.61	+0.021%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.39	−0.134%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.58	0.000%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.61	+0.019%	$185K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0247%	1h	141.69	+0.078%	$385K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.52	−0.041%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.70	+0.085%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.59	+0.008%	$3.4M	$2.1M	50x	as long as short