Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%

Price spread now: KuCoin against Lighter−0.104%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 7 days+0.154%+$15 · spread now −0.104%, 7d avg −0.102%

Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	141.57	0.0096	pay 0.0012% / 1h	5m 16s	$4.5M	$2.6M	10x
Short	KuCoin AAVEUSDTM	141.42	0.0100	get 0.0100% / 8h	5m 16s	$10.3M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0.84
Price spread: −0.104% → −0.102%: −$0.18
Slippage, 4 orders: −$32.54
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.88
Costs to cover: 0.445%
Break-even: 372.7 days

Slippage from Lighter: live order book, 3 min ago; KuCoin: 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 Lighter live order book, 3 min ago	2.37 bp	4.6 bp −$5	10.2 bp −$102	37.8 bp −$3,781	doesn't fit
Sell KuCoin live order book, 3 min ago	1.06 bp	16.1 bp −$16	33.1 bp −$331	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	141.33	−0.168%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.35	−0.153%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.40	−0.118%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.39	−0.126%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.254%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.34	−0.158%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0083%	8h	141.37	−0.139%	$17K	$8K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	141.57	long leg	$4.5M	$2.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	141.27	−0.207%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.38	−0.129%	$825K	$399K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.50	−0.047%	$77.2M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.39	−0.125%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.32	−0.174%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.37	−0.136%	$63.5M	$192.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.36	−0.146%	$60.8M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.34	−0.160%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.53	−0.026%	$91K	$222K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.40	−0.118%	$8.1M	$16.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.39	−0.125%	$23.1M	$24.5M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	141.42	−0.104%	$10.3M	$9.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.36	−0.146%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.35	−0.153%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.27	−0.213%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.21	−0.249%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	−0.203%	$451K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.21	−0.252%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.45	−0.083%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.37	−0.143%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.36	−0.146%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.46	−0.078%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.35	−0.153%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.32	−0.174%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.31	−0.181%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.49	−0.054%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.40	−0.118%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.48	−0.061%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.37	−0.139%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.48	−0.063%	$186K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0247%	1h	141.36	−0.146%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.38	−0.132%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.43	−0.097%	$753K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.44	−0.090%	$3.4M	$2.1M	50x	as long as short