Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: KuCoin against Lighter−0.116%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.116%, 7d avg −0.101%

Together, before fees−0.049%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	143.32	0.0096	pay 0.0012% / 1h	37m 43s	$4.6M	$1.5M	10x
Short	KuCoin AAVEUSDTM	143.15	0.0100	get 0.0100% / 8h	5h 37m	$10.7M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0.84
Price spread: −0.116% → −0.101%: −$1.47
Slippage, 4 orders: −$39.16
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.8
Costs to cover: 0.512%
Break-even: 438.7 days

Slippage from Lighter: live order book, 10 min ago; KuCoin: live order book, 6 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 Lighter live order book, 10 min ago	2.52 bp	10.6 bp −$11	21.3 bp −$213	55.4 bp −$5,542	doesn't fit
Sell KuCoin live order book, 6 min ago	1.04 bp	18.2 bp −$18	36.1 bp −$361	doesn't fit	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
01 Exchange AAVEUSD	−0.0064%	1h	143.20	−0.081%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.13	−0.130%	$238K	$378K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.07	−0.168%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.16	−0.109%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.18	−0.093%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.435%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.12	−0.137%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.13	−0.133%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0088%	1h	143.13	−0.133%	$830K	$431K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.55	+0.163%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVElong	+0.0096%	1h	143.32	long leg	$4.6M	$1.5M	10x
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.18	−0.095%	$17.1M	$63.2M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.24	−0.051%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.26	−0.041%	$77.5M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.11	−0.144%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.15	−0.116%	$326K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.11	−0.144%	$64.1M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.20	−0.081%	$61.2M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.20	−0.081%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.168%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.17	−0.102%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.15	−0.116%	$25.8M	$23.5M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.15	−0.116%	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.18	−0.095%	$30.0M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.19	−0.088%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.12	−0.137%	$319K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.119%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.52	+0.139%	$103K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.324%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.324%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.15	−0.116%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.13	−0.128%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.14	−0.123%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.24	−0.057%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.07	−0.172%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.13	−0.129%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.16	−0.106%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.25	−0.046%	$187K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.11	−0.144%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.17	−0.104%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.21	−0.071%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.47	+0.107%	$776K	$2.8M	50x	as long as short