Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h −0.030%

Price spread now: Kraken Futures against KuCoin+0.048%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now +0.048%, 7d avg +0.028%

Together, before fees+0.262%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.24	0.0100	pay 0.0100% / 8h	2h 51m	$10.3M	$9.4M	75x
Short	Kraken Futures PF_AAVEUSD	143.31	0.0236	get 0.0030% / 1h	51m 56s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.048%Rate

Funding earned: $28.64
Price spread: +0.048% → +0.028%: $1.96
Slippage, 4 orders: −$37.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$28.81
Costs to cover: 0.594%
Break-even: 14.0 days

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: live order book, 2 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, 1 min ago	1.75 bp	16.1 bp −$16	27.3 bp −$273	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.20 bp	13.5 bp −$13	23.8 bp −$238	125.8 bp −$12.6K	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
Nado AAVE-PERP	−0.0067%	1h	143.18	−0.045%	$835K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.07	−0.121%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.11	−0.091%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.24	0.000%	$219K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.24	−0.003%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.384%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.15	−0.062%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0060%	8h	143.21	−0.021%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	143.22	−0.014%	$18K	$10K	10x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	143.24	0.000%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	143.14	−0.067%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.30	+0.040%	$78.3M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.20	−0.031%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.13	−0.075%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.18	−0.044%	$64.0M	$188.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.16	−0.056%	$61.3M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.10	−0.098%	$17.2M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.28	+0.028%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.94	−0.211%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.22	−0.014%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.18	−0.042%	$25.8M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.24	long leg	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.18	−0.042%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.17	−0.049%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.31	+0.049%	$337K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.00	−0.168%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.375%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.95	−0.203%	$448K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.91	−0.230%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.23	−0.007%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.22	−0.014%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.23	−0.007%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.25	+0.004%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.16	−0.059%	$904K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.24	−0.002%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.89	−0.244%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.23	−0.007%	$187K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.95	−0.202%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0236%	1h	143.31	+0.048%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.24	−0.002%	$112K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	143.45	+0.145%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	−0.140%	$781K	$2.8M	50x	as long as short