Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h −0.045%

Price spread now: KuCoin against 01 Exchange+0.048%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.048% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	145.84	−0.0056	get 0.0007% / 1h	0m 32s	$11K	$2K	5x
Short	KuCoin AAVEUSDTM	145.91	0.0100	get 0.0100% / 8h	0m 32s	$10.0M	$8.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.048%Rate

Funding earned: $32.76
Price spread: +0.048% → 0.000%: $4.8
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $18.56
Costs to cover: 0.190%
Break-even: 3.0 days

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 8 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	1.03 bp	14.1 bp −$14	31.0 bp −$310	doesn't fit	doesn't fit

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
SoDEX AAVE-USD	−0.0124%	1h	145.97	+0.089%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSDlong	−0.0056%	1h	145.84	long leg	$11K	$2K	5x
Phoenix AAVE	−0.0027%	1h	145.80	−0.027%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.96	+0.084%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.04	+0.137%	$78K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.01	+0.117%	$255K	$391K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.10	+0.179%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.97	+0.086%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.91	+0.048%	$29.6M	$26.2M	200x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.78	−0.038%	$66.2M	$187.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.089%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.90	+0.041%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.94	+0.069%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	145.85	+0.007%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.92	+0.055%	$7.9M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.99	+0.099%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.13	+0.195%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.86	+0.013%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.89	+0.034%	$801K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.03	+0.130%	$80.2M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.96	+0.079%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.93	+0.059%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.82	−0.014%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.90	+0.041%	$51K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.173%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	145.91	+0.048%	$10.0M	$8.7M	75x
Bitget AAVEUSDT	+0.0100%	8h	145.87	+0.021%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.88	+0.027%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.08	+0.165%	$349K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.88	+0.024%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.72	−0.079%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.40	−0.301%	$454K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.82	−0.014%	$136K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.98	+0.096%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.88	+0.031%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.02	+0.121%	$692K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.97	+0.089%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.83	−0.009%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.91	+0.045%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0111%	8h	145.90	+0.041%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.97	+0.088%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.81	−0.021%	$794K	$3.0M	50x	as long as short