Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: dYdX against KuCoin+0.025%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs−$370as in the Price arb table

costs, in and out, $10k−$3713.710% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.025%, 7d avg +0.013%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	142.85	0.0100	pay 0.0100% / 8h	4h 12m	$10.5M	$9.3M	75x
Short	dYdX AAVE-USD	142.89	0	get 0.0000% / 1h	12m 28s	$102K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$21
Price spread: +0.025% → +0.013%: $1.23
Slippage, 4 orders: −$349.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$390.8
Costs to cover: 3.710%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; dYdX: live order book, 46 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, 6 min ago	0.35 bp	18.1 bp −$18	30.8 bp −$308	doesn't fit	doesn't fit
Sell dYdX live order book, 46 min ago	82.64 bp	250.4 bp −$250	250.8 bp −$2,508	257.2 bp −$25.7K	534.6 bp −$267.3K

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
01 Exchange AAVEUSD	−0.0144%	1h	142.83	−0.014%	$10K	$2K	5x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	142.89	+0.025%	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.80	−0.035%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.00	+0.105%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.90	+0.036%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0008%	1h	142.81	−0.025%	$841K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.123%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.83	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.95	+0.070%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.83	−0.014%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0083%	1h	142.95	+0.070%	$5K	$293K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.98	+0.090%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.84	−0.010%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.94	+0.063%	$77.0M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.92	+0.049%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.86	+0.007%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.82	−0.024%	$63.8M	$186.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.84	−0.007%	$61.2M	$67.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.84	−0.007%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.97	+0.084%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.62	−0.158%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.89	+0.028%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.85	0.000%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	142.85	long leg	$10.5M	$9.3M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.76	−0.063%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.86	+0.007%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.02	+0.119%	$337K	$717K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.168%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.61	−0.165%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.70	−0.105%	$459K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.63	−0.154%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.92	+0.049%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.97	+0.084%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.06	+0.146%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.91	+0.042%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.78	−0.048%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.98	+0.091%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.92	+0.047%	$178K	$242K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.88	+0.021%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.91	+0.041%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.07	+0.152%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	−0.021%	$792K	$2.8M	50x	as long as short