Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.031%

Price spread now: 01 Exchange against KuCoin+0.049%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. 01 Exchange is 0.049% dearer against KuCoin than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.04	0.0100	pay 0.0100% / 8h	7h 03m	$10.3M	$9.5M	75x
Short	01 Exchange AAVEUSD	143.11	0.0072	get 0.0009% / 1h	3m 22s	$10K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.049%Rate

Funding earned: −$5.88
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$19.99
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	1.40 bp	16.3 bp −$16	39.1 bp −$391	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phemex AAVEUSDT	−0.0133%	8h	142.98	−0.042%	$4.0M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.99	−0.033%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.00	−0.028%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.97	−0.049%	$212K	$360K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.03	−0.003%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.251%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.97	−0.050%	—	—	20x	as long as short
01 Exchange AAVEUSDshort	+0.0072%	1h	143.11	+0.049%	$10K	$2K	5x
Orderly PERP_AAVE_USDC	+0.0092%	8h	142.94	−0.070%	$17K	$6K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.22	+0.129%	$4.6M	$2.6M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0096%	1h	143.07	+0.021%	$4K	$99K	10x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.96	−0.056%	$6K	$285K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	−0.038%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.93	−0.073%	$827K	$385K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.19	+0.105%	$78.4M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.08	+0.031%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.04	−0.003%	$349K	$366K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.98	−0.039%	$63.9M	$187.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.95	−0.063%	$61.8M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.96	−0.056%	$16.6M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.17	+0.091%	$98K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.71	−0.232%	$165K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.00	−0.028%	$8.1M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.00	−0.028%	$22.6M	$24.4M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.04	long leg	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.00	−0.028%	$29.1M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.98	−0.042%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.08	+0.029%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.97	−0.049%	$110K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	−0.007%	$449K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.05	+0.007%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.08	+0.028%	$135K	$465K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.01	−0.019%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.09	+0.036%	$671K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.90	−0.099%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.99	−0.033%	$121K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	143.20	+0.112%	$761K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.97	−0.049%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	143.09	+0.038%	$174K	$275K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0226%	1h	143.10	+0.042%	$389K	$731K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.05	+0.004%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	143.02	−0.015%	$111K	—	100x	as long as short