Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Pacifica against KuCoin+0.039%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.039%, 7d avg +0.013%

Together, before fees+0.167%+ Points / potential airdropPacifica: Active · farm board+$17 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: Pacifica is 0.026% dearer against KuCoin than usual: you sell high and buy low, +$3 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	143.22	0.0100	pay 0.0100% / 8h	5h 07m	$10.7M	$9.2M	75x
Short	Pacifica AAVE	143.28	0.0100	get 0.0013% / 1h	7m 13s	$326K	$434K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.013%: $2.64
Slippage, 4 orders: −$28.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.63
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Pacifica: live order book, 56 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, 1 min ago	0.70 bp	15.0 bp −$15	36.9 bp −$369	doesn't fit	doesn't fit
Sell Pacifica live order book, 56 min ago	3.12 bp	7.8 bp −$8	doesn't fit	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
01 Exchange AAVEUSD	−0.0056%	1h	143.21	−0.007%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.27	+0.036%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.29	+0.049%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.19	−0.021%	$227K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.24	+0.017%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.371%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.13	−0.060%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	143.21	−0.007%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0061%	1h	143.21	−0.007%	$827K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.75	+0.370%	$5K	$98K	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	143.35	+0.094%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.28	+0.039%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.25	+0.021%	$77.5M	$34.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.24	+0.011%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	143.28	+0.039%	$326K	$434K	10x
Binance AAVEUSDT	+0.0100%	8h	143.17	−0.037%	$64.1M	$182.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.18	−0.028%	$61.2M	$64.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.16	−0.042%	$17.1M	$63.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.24	+0.014%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.597%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.21	−0.007%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.17	−0.035%	$25.8M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.22	long leg	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.18	−0.028%	$30.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.19	−0.021%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.25	+0.021%	$319K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.305%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.38	+0.112%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.38	+0.109%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	+0.154%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.20	−0.014%	$127K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.19	−0.020%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.17	−0.035%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.39	+0.119%	$690K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.23	+0.007%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.13	−0.065%	$914K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.20	−0.017%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.26	+0.027%	$184K	$237K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.11	−0.077%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.21	−0.004%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.29	+0.046%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.93	+0.496%	$782K	$2.8M	50x	as long as short