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: KuCoin against Pacifica+0.003%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Pacifica Short on KuCoin

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)−0.149%−$15 · spread now +0.003%, 7d avg −0.013%

Together, before fees−0.209%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	143.28	0.0100	pay 0.0013% / 1h	7m 37s	$326K	$434K	10x
Short	KuCoin AAVEUSDTM	143.28	0.0100	get 0.0100% / 8h	5h 07m	$10.7M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.013%: $1.55
Slippage, 4 orders: −$31.01
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.46
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from Pacifica: live order book, 56 min ago; KuCoin: live order book, 11 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 Pacifica live order book, 56 min ago	3.12 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	1.04 bp	19.4 bp −$19	36.8 bp −$368	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	143.30	+0.017%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.27	−0.003%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.36	+0.059%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.37	+0.066%	$227K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.41	+0.095%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.408%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.31	+0.023%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	143.34	+0.045%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0058%	1h	143.31	+0.024%	$827K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.75	+0.331%	$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	143.40	+0.086%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.28	0.000%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.33	+0.038%	$77.5M	$34.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.30	+0.019%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	143.28	long leg	$326K	$434K	10x
Binance AAVEUSDT	+0.0100%	8h	143.24	−0.027%	$64.1M	$182.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.24	−0.025%	$61.2M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.19	−0.060%	$17.2M	$63.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.24	−0.025%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.557%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.22	−0.039%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.23	−0.032%	$25.9M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.28	+0.003%	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.23	−0.032%	$30.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.24	−0.025%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.38	+0.073%	$320K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.266%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.67	+0.274%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.74	+0.325%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	+0.436%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.36	+0.059%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.29	+0.011%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.33	+0.038%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.191%	$691K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.39	+0.080%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.17	−0.075%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.77	−0.352%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.26	−0.013%	$184K	$237K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.36	+0.059%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.38	+0.070%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.46	+0.130%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.93	+0.456%	$782K	$2.8M	50x	as long as short