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 −0.008%

Price spread now: Gate against KuCoin−0.028%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.028%, 7d avg −0.003%

Together, before fees+0.036%+$4 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: Gate is 0.024% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	144.14	0.0100	pay 0.0100% / 8h	6h 05m	$10.7M	$9.2M	75x
Short	Gate AAVE_USDT	144.10	0.0100	get 0.0100% / 8h	6h 05m	$7.8M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.003%: −$2.44
Slippage, 4 orders: −$41.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.25
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.69 bp	19.4 bp −$19	36.6 bp −$366	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.78 bp	16.0 bp −$16	27.3 bp −$273	44.2 bp −$4,420	51.0 bp −$25.5K

AAVE on 41 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.24	+0.068%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.07	−0.049%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.04	−0.067%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.03	−0.076%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.12	−0.014%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.16	+0.011%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.77	−0.257%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.981%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.12	−0.017%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.16	+0.014%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0083%	8h	144.12	−0.014%	$26.5M	$25.0M	200x	as long as short
Binance AAVEUSDT	+0.0083%	8h	144.12	−0.012%	$65.0M	$182.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.06	−0.056%	$17.3M	$64.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.14	0.000%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.31	+0.117%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.10	−0.027%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.05	−0.062%	$801K	$415K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.18	+0.028%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.17	+0.018%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.10	−0.031%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.09	−0.035%	$61.7M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.11	−0.021%	$45K	$181K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	144.10	−0.028%	$7.8M	$15.2M	75x
KuCoin AAVEUSDTMlong	+0.0100%	8h	144.14	long leg	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.08	−0.042%	$30.0M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.08	−0.042%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.17	+0.021%	$322K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.02	−0.083%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.83	−0.217%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.60	−0.375%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.85	−0.201%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.17	+0.021%	$126K	$421K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.07	−0.046%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.12	−0.014%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.41	+0.186%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.06	−0.056%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.052%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.07	−0.051%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.13	−0.009%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0395%	1h	144.16	+0.013%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.28	+0.097%	$775K	$2.8M	50x	as long as short