Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against KuCoin−0.036%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

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

costs, in and out, $10k−$490.494% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.036%, 7d avg −0.014%

Together, before fees−0.015%−$2 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: OKX is 0.021% 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 −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	140.82	0.0100	pay 0.0100% / 8h	5h 29m	$10.2M	$9.2M	75x
Short	OKX AAVE-USDT-SWAP	140.77	0.0100	get 0.0100% / 8h	5h 29m	$16.3M	$51.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.014%: −$2.14
Slippage, 4 orders: −$27.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.59
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; OKX: 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, 2 min ago	0.71 bp	17.8 bp −$18	37.0 bp −$370	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.36 bp	7.0 bp −$7	14.0 bp −$140	64.4 bp −$6,440	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0101%	1h	140.85	+0.021%	$7K	$224K	10x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	140.86	+0.028%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.70	−0.086%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.80	−0.014%	$51K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.90	+0.057%	$207K	$304K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.72	−0.074%	$78K	—	150x	as long as short
Bybit AAVEUSDT	+0.0009%	8h	140.77	−0.036%	$60.7M	$58.9M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	140.75	−0.050%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.741%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.61	−0.152%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0081%	8h	140.84	+0.014%	$3.9M	$3.6M	50x	as long as short
Variational Omni AAVE	+0.0082%	8h	140.61	−0.148%	$3.6M	$761K	—	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.83	+0.007%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.05	+0.164%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.73	−0.061%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.70	−0.087%	$809K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.97	+0.110%	$77.5M	$28.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.90	+0.059%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.77	−0.037%	$343K	$307K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.84	+0.012%	$63.4M	$160.2M	75x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0100%	8h	140.77	−0.036%	$16.3M	$51.6M	50x
Arcus AAVE-USD	+0.0100%	1h	140.98	+0.114%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.86	+0.028%	$8.1M	$13.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.80	−0.014%	$22.4M	$22.0M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	140.82	long leg	$10.2M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	140.78	−0.028%	$29.0M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.79	−0.021%	—	$43.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.95	+0.092%	$385K	$595K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.62	−0.144%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	+0.327%	$447K	$3.1M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.68	−0.099%	$131K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.87	+0.036%	$133K	$365K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.84	+0.018%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.06	+0.168%	$638K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.19	+0.263%	$163K	$108K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.78	−0.031%	$909K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.87	+0.032%	$119K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.77	−0.038%	$171K	$212K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.80	−0.014%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.86	+0.028%	$747K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.90	+0.057%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.97	+0.109%	$3.4M	$1.8M	50x	as long as short