Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.059%

Price spread now: Coinbase International against KuCoin+0.147%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.147%, 7d avg +0.068%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.079% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	142.60	0.0100	pay 0.0100% / 8h	1h 18m	$10.3M	$9.5M	75x
Short	Coinbase International AAVE-PERP-INTX	142.81	0.0296	get 0.0037% / 1h	18m 45s	$757K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.147%Rate

Funding earned: $41.16
Price spread: +0.147% → +0.068%: $7.94
Slippage, 4 orders: −$42.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.75
Costs to cover: 0.649%
Break-even: 9.7 days

Slippage from KuCoin: live order book, 10 min ago; Coinbase International: 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 KuCoin live order book, 10 min ago	0.70 bp	17.1 bp −$17	31.0 bp −$310	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.61 bp	13.8 bp −$14	18.0 bp −$180	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	142.57	−0.020%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.60	0.000%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.58	−0.014%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.62	+0.012%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.955%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.58	−0.016%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0057%	1h	142.63	+0.021%	$830K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.56	−0.028%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.73	+0.091%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.75	+0.108%	$4.5M	$2.5M	10x	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	142.60	+0.002%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.63	+0.022%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.63	+0.024%	$326K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.59	−0.007%	$64.2M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.56	−0.028%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.58	−0.014%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.78	+0.126%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	−0.005%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.60	0.000%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.58	−0.014%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	142.60	long leg	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.60	0.000%	$29.1M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.59	−0.007%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.49	−0.077%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	+0.014%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.62	+0.013%	$449K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.60	0.000%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.72	+0.084%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	+0.029%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.58	−0.014%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.74	+0.097%	$676K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.59	−0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.53	−0.053%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.58	−0.012%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.75	+0.105%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0151%	1h	142.73	+0.091%	$395K	$726K	10x	as long as short
Hyperliquid AAVE	+0.0196%	1h	142.76	+0.109%	$78.1M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.60	0.000%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.60	+0.002%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.66	+0.040%	$192K	$268K	10x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0296%	1h	142.81	+0.147%	$757K	$2.8M	50x
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.69	+0.066%	$3.4M	$2.1M	50x	as long as short