Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against KuCoin+0.256%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.256%, 7d avg +0.028%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.227% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.39	0.0100	pay 0.0100% / 8h	3h 42m	$10.5M	$9.4M	75x
Short	Kraken Futures PF_AAVEUSD	143.76	0.0246	get 0.0031% / 1h	42m 29s	$3.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.256%Rate

Funding earned: $30.75
Price spread: +0.256% → +0.028%: $22.74
Slippage, 4 orders: −$39.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$7.63
Costs to cover: 0.611%
Break-even: 8.7 days

Slippage from KuCoin: live order book, 6 min ago; Kraken Futures: live order book, 1 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	0.69 bp	14.8 bp −$15	34.6 bp −$346	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.52 bp	13.0 bp −$13	19.1 bp −$191	123.2 bp −$12.3K	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	143.49	+0.071%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.69	+0.209%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.64	+0.174%	$219K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.65	+0.183%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0031%	1h	143.23	−0.108%	$843K	$395K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.484%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.76	+0.258%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.13	−0.184%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0049%	8h	143.67	+0.195%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0054%	8h	143.63	+0.167%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.56	+0.121%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	−0.061%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.55	+0.115%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.46	+0.048%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.18	−0.146%	$64.0M	$188.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.17	−0.153%	$61.6M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.15	−0.167%	$17.1M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.30	−0.063%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.28	−0.077%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.16	−0.160%	$24.8M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.39	long leg	$10.5M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.09	−0.209%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.28	−0.077%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.188%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.70	+0.215%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.57	+0.123%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.62	+0.160%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.22	−0.119%	$132K	$448K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.64	+0.172%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	+0.167%	$5K	$316K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.72	+0.232%	$693K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.72	+0.230%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.22	−0.119%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.68	+0.200%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0105%	1h	143.80	+0.286%	$338K	$720K	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.22	−0.119%	$10K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.25	−0.100%	$185K	$252K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.64	+0.174%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0246%	1h	143.76	+0.256%	$3.5M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.67	+0.196%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.79	+0.279%	$788K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0364%	1h	143.33	−0.042%	$78.6M	$36.9M	10x	as long as short