Funding arb · Price arb /

AAVE

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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 −0.007%

Price spread now: KuCoin against Paradex+0.080%47s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on KuCoin

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.080% dearer against Paradex than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	143.95	0.0100	pay 0.0100% / 8h	5h 32m	$13K	$4K	20x
Short	KuCoin AAVEUSDTM	144.07	0.0100	get 0.0100% / 8h	5h 32m	$10.8M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. 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 ParadexbpFee KuCoinbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0.05
Price spread: +0.080% → 0.000%: $8.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.93
Costs to cover: 0.160%
Break-even: 1120.0 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 6 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	1.05 bp	14.1 bp −$14	24.8 bp −$248	doesn't fit	doesn't fit

Paradex: 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
01 Exchange AAVEUSD	−0.0064%	1h	143.94	−0.010%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.86	−0.064%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.90	−0.038%	$60K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.99	+0.025%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.99	+0.025%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.859%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.98	+0.018%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.95	−0.003%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0055%	1h	143.97	+0.011%	$834K	$432K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.92	−0.024%	$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 AAVE	+0.0096%	1h	144.20	+0.173%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	143.95	long leg	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	144.13	+0.122%	$78.0M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.09	+0.097%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.97	+0.011%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.00	+0.033%	$64.5M	$182.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.02	+0.045%	$61.5M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.02	+0.045%	$17.2M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.98	+0.018%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.90	−0.038%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.04	+0.059%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.01	+0.039%	$26.0M	$23.6M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.07	+0.080%	$10.8M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.99	+0.025%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.01	+0.039%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	+0.115%	$321K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.76	−0.137%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.84	−0.079%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.91	−0.029%	$453K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.97	+0.011%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.00	+0.032%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.97	+0.011%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.01	+0.039%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.05	+0.066%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.99	+0.025%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.95	0.000%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.00	+0.034%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.01	+0.036%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.00	+0.032%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.00	+0.029%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.08	+0.090%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.04	+0.059%	$779K	$2.8M	50x	as long as short