Funding arb · Price arb /

AAVE

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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 −0.023%

Price spread now: OKX against KuCoin−0.077%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.077%, 7d avg −0.013%

Together, before fees+0.062%+$6 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: OKX is 0.064% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.013%.

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	OKX AAVE-USDT-SWAP	142.96	0.0100	get 0.0100% / 8h	3h 15m	$17.0M	$64.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.013%: −$6.44
Slippage, 4 orders: −$30.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.13
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.35 bp	8.0 bp −$8	16.2 bp −$162	52.2 bp −$5,217	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	143.07	+0.003%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0030%	1h	143.06	−0.007%	$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	143.03	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.97	−0.070%	$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	143.08	+0.004%	$63.9M	$188.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.99	−0.056%	$61.5M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0100%	8h	142.96	−0.077%	$17.0M	$64.5M	50x
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	143.07	0.000%	$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	143.04	−0.021%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.00	−0.049%	—	$43.7M	—	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 AAVEUSDT	+0.0100%	1h	143.13	+0.042%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.14	+0.049%	$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	+0.0135%	1h	143.21	+0.098%	$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	143.08	+0.007%	$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