Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.003%

Price spread now: KuCoin against RISEx−0.184%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.184%, 7d avg +0.003%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.186% cheaper against RISEx than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	142.62	0.0207	pay 0.0026% / 1h	33m 51s	$188K	$252K	10x
Short	KuCoin AAVEUSDTM	142.36	0.0100	get 0.0100% / 8h	2h 33m	$10.3M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.184%Rate

Funding earned: −$22.51
Price spread: −0.184% → +0.003%: −$18.63
Slippage, 4 orders: −$24.17
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.31
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from RISEx: live order book, 14 min ago; KuCoin: live order book, 9 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 RISEx live order book, 14 min ago	1.40 bp	4.4 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.05 bp	17.8 bp −$18	37.8 bp −$378	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
Deribit AAVE_USDC-PERPETUAL	−0.2629%	1h	142.00	−0.436%	$216K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.73	+0.075%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.48	−0.100%	$55K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.47	−0.106%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	142.48	−0.096%	$830K	$401K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.970%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.129%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	142.40	−0.156%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0077%	8h	142.39	−0.163%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.62	−0.001%	$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	142.56	−0.042%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.35	−0.189%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.59	−0.020%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.28	−0.243%	$63.5M	$189.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.24	−0.268%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.23	−0.275%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.67	+0.034%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.070%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.32	−0.212%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.34	−0.198%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.36	−0.184%	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.22	−0.282%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.28	−0.240%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	+0.113%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.65	+0.018%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	+0.069%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.73	+0.076%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.59	−0.022%	$136K	$462K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.49	−0.091%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.38	−0.170%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.138%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.27	−0.245%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.41	−0.149%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0108%	1h	142.44	−0.130%	$77.9M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.58	−0.029%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0146%	1h	142.49	−0.093%	$334K	$728K	10x	as long as short
RISEx AAVE/USDClong	+0.0207%	1h	142.62	long leg	$188K	$252K	10x
BloFin AAVE-USDT	+0.0220%	8h	143.22	+0.419%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.48	−0.099%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.42	−0.140%	$111K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	142.59	−0.026%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.78	+0.111%	$774K	$2.8M	50x	as long as short