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% APRpaid last 24h +0.028%

Price spread now: KuCoin against SoDEX+0.064%53s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.438% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.064%, 7d avg +0.020%

Together, before fees−0.091%−$9 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: KuCoin is 0.043% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	141.36	0.0100	pay 0.0013% / 1h	2m 20s	$5K	$298K	10x
Short	KuCoin AAVEUSDTM	141.45	0.0100	get 0.0100% / 8h	2m 20s	$10.3M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.020%: $4.33
Slippage, 4 orders: −$23.75
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.43
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from SoDEX: live order book, 36 min ago; KuCoin: live order book, 6 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 SoDEX live order book, 36 min ago	0.35 bp	5.0 bp −$5	9.4 bp −$94	93.9 bp −$9,395	doesn't fit
Sell KuCoin live order book, 6 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	−0.021%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.43	+0.050%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.41	+0.035%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.32	−0.028%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.113%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.24	−0.084%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	141.36	0.000%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.62	+0.185%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.42	+0.044%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.40	+0.028%	$825K	$398K	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	141.54	+0.127%	$77.3M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.44	+0.054%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.45	+0.063%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.39	+0.023%	$63.6M	$192.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.35	−0.007%	$60.8M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.35	−0.007%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.54	+0.127%	$91K	$222K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.44	+0.057%	$8.1M	$16.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.38	+0.014%	$23.0M	$24.5M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	141.45	+0.064%	$10.3M	$9.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.34	−0.014%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.39	+0.021%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.27	−0.067%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.21	−0.103%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	−0.057%	$451K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.21	−0.106%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.46	+0.071%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.31	−0.032%	$961	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	141.36	long leg	$5K	$298K	10x
HTX AAVE-USDT	+0.0100%	8h	141.37	+0.006%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.36	0.000%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.32	−0.028%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.37	+0.008%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.41	+0.034%	$119K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.51	+0.106%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.39	+0.021%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.36	0.000%	$3.3M	$3.5M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0244%	1h	141.57	+0.149%	$385K	$732K	10x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.49	+0.090%	$184K	$294K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.33	−0.022%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.33	−0.021%	$752K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.44	+0.054%	$3.4M	$2.1M	50x	as long as short