Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against KuCoin−0.189%112s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as 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−$660.658% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.344%+$34 · spread now −0.189%, 7d avg +0.009%

Together, before fees+0.431%+$43 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: ApeX Omni is 0.197% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 112 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	KuCoin AAVEUSDTM	143.07	0.0100	pay 0.0100% / 8h	3h 15m	$10.3M	$9.4M	75x
Short	ApeX Omni AAVEUSDT	142.80	0.0100	get 0.0013% / 1h	15m 42s	$133K	$221K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.189%Rate

Funding earned: $0
Price spread: −0.189% → +0.009%: −$19.75
Slippage, 4 orders: −$43.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$85.54
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 35 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 KuCoin live order book, 3 min ago	0.35 bp	18.2 bp −$18	35.1 bp −$351	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	5.91 bp	14.3 bp −$14	113.0 bp −$1,130	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
dYdX AAVE-USD	0.0000%	1h	143.05	−0.012%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.03	−0.028%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.02	−0.035%	$219K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.04	−0.020%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0030%	1h	143.08	+0.010%	$833K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.271%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.01	−0.042%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.94	−0.090%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	143.02	−0.035%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0060%	8h	143.05	−0.014%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0096%	1h	143.15	+0.056%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.07	0.000%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.11	+0.028%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.10	+0.022%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.09	+0.014%	$63.9M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.05	−0.014%	$61.5M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.06	−0.007%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.18	+0.077%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.350%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.08	+0.007%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.06	−0.007%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.07	long leg	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.05	−0.014%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.05	−0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.15	+0.056%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.94	−0.091%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.15	+0.052%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.12	+0.038%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.80	−0.189%	$133K	$221K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.09	+0.014%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.98	−0.066%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.02	−0.035%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.16	+0.064%	$685K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.02	−0.035%	$908K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.05	−0.015%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.13	+0.041%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0136%	1h	143.20	+0.091%	$78.3M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.21	+0.098%	$3.3M	$3.6M	100x	as long as short
Lighter AAVE	+0.0232%	1h	143.31	+0.171%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	143.11	+0.026%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.01	−0.042%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.29	+0.154%	$784K	$2.8M	50x	as long as short