Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against KuCoin−0.011%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.85	0.0100	pay 0.0100% / 8h	2h 12m	$10.4M	$9.5M	75x
Short	gTrade (Gains Network) AAVE/USD	143.83	L +0.0005% / S −0.0004%	get 0.0000% / 1h	12m 49s	$80K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.011%Rate

Funding earned: −$20.18
Price spread: −0.011% → 0.000%: −$1.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.29
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. 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 KuCoin live order book, 6 min ago	1.74 bp	16.6 bp −$17	34.5 bp −$345	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
dYdX AAVE-USD	0.0000%	1h	143.87	+0.012%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.42	−0.299%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.79	−0.042%	$219K	$395K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	143.83	−0.011%	$80K	—	150x
Nado AAVE-PERP	+0.0022%	1h	143.88	+0.024%	$840K	$401K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.790%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.81	−0.030%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.80	−0.035%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0090%	8h	143.70	−0.104%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.83	−0.011%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.89	+0.029%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.89	+0.031%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.86	+0.009%	$64.7M	$191.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.81	−0.028%	$61.7M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.75	−0.070%	$17.3M	$65.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.03	+0.125%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−1.091%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.88	+0.021%	$8.1M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.84	−0.007%	$25.1M	$24.2M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.85	long leg	$10.4M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.89	+0.028%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.85	0.000%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.41	−0.305%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.50	−0.241%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.55	−0.210%	$453K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.55	−0.209%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.96	+0.076%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.94	+0.060%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.75	−0.070%	$5K	$314K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.87	+0.010%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.80	−0.031%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.80	−0.038%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	144.01	+0.111%	$11K	$2K	5x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	−0.188%	$4K	$106K	10x	as long as short
Hyperliquid AAVE	+0.0124%	1h	144.07	+0.151%	$78.7M	$37.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0164%	1h	143.91	+0.042%	$341K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.99	+0.095%	$197K	$258K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.79	−0.042%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.85	0.000%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	144.07	+0.152%	$4.6M	$2.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.84	−0.010%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.78	−0.049%	$768K	$2.9M	50x	as long as short