Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.046%

Price spread now: KuCoin against SoDEX+0.042%7-day average +0.014% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.042%, 7d avg +0.014%

Together, before fees−0.061%−$6 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: KuCoin is 0.027% dearer against SoDEX than usual: you sell high and buy low, +$3 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	SoDEX AAVE-USD	144.38	0.0100	pay 0.0013% / 1h	59m 13s	$5K	$291K	10x
Short	KuCoin AAVEUSDTM	144.44	0.0100	get 0.0100% / 8h	5h 59m	$10.8M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.014%: $2.75
Slippage, 4 orders: −$23.82
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.07
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; KuCoin: live order book, 4 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 SoDEX live order book, 4 min ago	0.35 bp	5.1 bp −$5	10.2 bp −$102	89.5 bp −$8,953	doesn't fit
Sell KuCoin live order book, 4 min ago	0.69 bp	15.0 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit

AAVE on 41 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	−0.0072%	1h	144.46	+0.055%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.081%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.44	+0.042%	$72K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.38	0.000%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	+0.014%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.51	+0.090%	$5K	$89K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.139%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.35	−0.024%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	−0.014%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.40	+0.014%	$17.3M	$63.9M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0090%	8h	144.42	+0.028%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0091%	8h	144.42	+0.028%	$65.1M	$181.7M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.63	+0.171%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.51	+0.092%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.47	+0.062%	$804K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.53	+0.104%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.40	+0.015%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.56	+0.127%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.41	+0.021%	$61.8M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.53	+0.104%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.45	+0.048%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.44	+0.042%	$10.8M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.48	+0.069%	$30.1M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.41	+0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.51	+0.090%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	−0.007%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	−0.011%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.064%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.042%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.43	+0.035%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.43	+0.037%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	144.38	long leg	$5K	$291K	10x
HTX AAVE-USDT	+0.0100%	8h	144.54	+0.109%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.39	+0.007%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.218%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.34	−0.029%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.42	+0.028%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.54	+0.109%	$200K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0256% / S −0.0403%	1h	144.39	+0.004%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.50	+0.082%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.62	+0.166%	$777K	$2.8M	50x	as long as short