Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: KuCoin against edgeX+0.572%98s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.478% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 3 days (all we have)−0.805%−$81 · spread now +0.572%, 7d avg +0.014%

Together, before fees−0.923%+ Points / potential airdropedgeX: Active · farm board−$92 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 0.558% dearer against edgeX than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 98 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	edgeX AAVEUSDC	147.08	0.0100	pay 0.0050% / 4h	3h 31m	$100K	$310K	20x
Short	KuCoin AAVEUSDTM	147.92	0.0100	get 0.0100% / 8h	3h 31m	$10.4M	$8.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.572%Rate

Funding earned: $0
Price spread: +0.572% → +0.014%: $55.8
Slippage, 4 orders: −$26.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $8.03
Costs to cover: 0.478%
Break-even: from the start

Slippage from edgeX: live order book, 16 min ago; KuCoin: live order book, 2 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 edgeX live order book, 16 min ago	3.77 bp	8.3 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.38 bp	10.9 bp −$11	28.3 bp −$283	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
SoDEX AAVE-USD	−0.0111%	1h	147.93	+0.578%	$5K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	−0.0060%	1h	148.08	+0.681%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	147.49	+0.279%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.93	+0.580%	$106K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.87	+0.538%	$76K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	147.99	+0.619%	$215K	$379K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.93	+0.580%	$72K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.880%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0034%	8h	147.92	+0.572%	$18.5M	$66.1M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.82	+0.501%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0058%	1h	147.87	+0.534%	$842K	$433K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	147.91	+0.565%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0085%	8h	147.84	+0.517%	$33.3M	$25.1M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	147.89	+0.551%	$67.1M	$176.5M	75x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	147.96	+0.599%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.94	+0.584%	$186K	$240K	10x	as long as short
Variational Omni AAVE	+0.0091%	8h	147.15	+0.046%	$3.8M	$1.3M	—	as long as short
Lighter AAVE	+0.0096%	1h	148.16	+0.735%	$4.8M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0096%	8h	147.04	−0.027%	$463K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.89	+0.553%	$14K	$4K	20x	as long as short
Bulk AAVE-USD	+0.0100%	1h	147.72	+0.436%	$62K	$3K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	148.06	+0.665%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.99	+0.616%	$346K	$484K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	147.95	+0.592%	$62.6M	$63.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.89	+0.551%	$52K	$337K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	147.89	+0.551%	$7.9M	$14.8M	75x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	147.92	+0.572%	$10.4M	$8.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	147.88	+0.544%	$30.5M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	147.88	+0.544%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	148.09	+0.687%	$351K	$595K	10x	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	147.08	long leg	$100K	$310K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	147.44	+0.245%	$137K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.92	+0.572%	$131K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.91	+0.565%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	148.40	+0.897%	$755K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.97	+0.606%	$4.2M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.89	+0.549%	$956K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	148.07	+0.676%	$125K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0205%	8h	147.68	+0.408%	$3.6M	$5.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	148.07	+0.674%	$802K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.94	+0.588%	$130K	—	100x	as long as short
Hyperliquid AAVE	+0.0549%	1h	148.23	+0.782%	$84.6M	$30.5M	10x	as long as short