Funding arb · Price arb /

AAVE

all AAVE markets

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 +0.008%

Price spread now: KuCoin against Gate+0.028%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.028%, 7d avg +0.003%

Together, before fees−0.036%−$4 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 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	144.01	0.0100	pay 0.0100% / 8h	5h 53m	$7.8M	$15.0M	75x
Short	KuCoin AAVEUSDTM	144.05	0.0100	get 0.0100% / 8h	5h 53m	$10.7M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.003%: $2.45
Slippage, 4 orders: −$34.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$58.78
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 5 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 Gate live order book, 5 min ago	2.08 bp	14.3 bp −$14	28.4 bp −$284	43.2 bp −$4,317	48.3 bp −$24.2K
Sell KuCoin live order book, 5 min ago	0.35 bp	15.6 bp −$16	28.6 bp −$286	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
Deribit AAVE_USDC-PERPETUAL	−0.6483%	1h	143.09	−0.639%	$243K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.201%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.07	+0.042%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	−0.011%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.97	−0.028%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	−0.038%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.403%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.895%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.104%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.02	+0.007%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.03	+0.014%	$17.3M	$63.4M	50x	as long as short
MEXC AAVE_USDT	+0.0093%	8h	144.04	+0.021%	$26.3M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0094%	8h	144.07	+0.042%	$64.9M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.17	+0.113%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.07	+0.042%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.010%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.12	+0.076%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.96	−0.032%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	+0.021%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.06	+0.035%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	+0.062%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.024%	$58K	$2K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	144.01	long leg	$7.8M	$15.0M	75x
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.05	+0.028%	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.04	+0.021%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.01	0.000%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.04	+0.021%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.410%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	+0.048%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.131%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.92	−0.062%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.90	−0.074%	$1K	$1.2M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.06	+0.035%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.183%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	−0.035%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.00	−0.008%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.06	+0.038%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.12	+0.077%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0410%	1h	143.93	−0.058%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.14	+0.089%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.382%	$777K	$2.8M	50x	as long as short