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 −0.014%

Price spread now: Binance against KuCoin−0.007%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.007%, 7d avg +0.007%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.10	0.0100	pay 0.0100% / 8h	2h 48m	$10.3M	$9.4M	75x
Short	Binance AAVEUSDT	143.09	0.0100	get 0.0100% / 8h	2h 48m	$64.0M	$188.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.007%: −$1.41
Slippage, 4 orders: −$28.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.36
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago	1.75 bp	16.1 bp −$16	27.3 bp −$273	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.35 bp	7.8 bp −$8	16.3 bp −$163	48.7 bp −$4,869	153.8 bp −$76.9K

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
Deribit AAVE_USDC-PERPETUAL	−0.0099%	1h	143.14	+0.028%	$219K	$390K	50x	as long as short
Nado AAVE-PERP	−0.0070%	1h	143.17	+0.049%	$835K	$401K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.15	+0.036%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.06	−0.028%	$50K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.20	+0.071%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.291%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.12	+0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0062%	8h	143.14	+0.028%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	143.12	+0.014%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	143.21	+0.077%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	143.17	+0.048%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.24	+0.098%	$78.3M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.13	+0.019%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.18	+0.056%	$328K	$447K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	143.09	−0.007%	$64.0M	$188.9M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.09	−0.007%	$61.3M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.10	0.000%	$17.1M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.26	+0.112%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.94	−0.113%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.09	−0.007%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.08	−0.014%	$25.8M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.10	long leg	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.11	+0.007%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.05	−0.035%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.16	+0.042%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.19	+0.063%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.82	−0.194%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.14	+0.028%	$449K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.14	+0.028%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.24	+0.098%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.15	+0.035%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.05	−0.035%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.26	+0.113%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.06	−0.031%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.17	+0.052%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.89	−0.147%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.23	+0.089%	$187K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	0.000%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	143.13	+0.023%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.17	+0.051%	$112K	—	100x	as long as short
Lighter AAVE	+0.0328%	1h	143.28	+0.123%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.18	+0.056%	$779K	$2.8M	50x	as long as short