Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX+0.025%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1651.647% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.474%−$47 · spread now +0.025%, 7d avg +0.015%

Together, before fees−0.548%−$55 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	141.22	0.0100	pay 0.0100% / 8h	7h 40m	$2K	$1.3M	20x
Short	KuCoin AAVEUSDTM	141.26	0.0100	get 0.0100% / 8h	7h 40m	$10.2M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.015%: $1.06
Slippage, 4 orders: −$144.71
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$163.65
Costs to cover: 1.647%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; KuCoin: live order book, 8 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 SunX live order book, 3 min ago	44.91 bp	66.2 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	0.35 bp	17.6 bp −$18	38.6 bp −$386	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
Deribit AAVE_USDC-PERPETUAL	−0.0104%	1h	141.20	−0.017%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.21	−0.009%	$102K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.44	+0.153%	$52K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.20	−0.019%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.019%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.21	−0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0087%	8h	141.19	−0.024%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.29	+0.047%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.224%	$4K	$99K	10x	as long as short
SoDEX AAVE-USD	+0.0097%	1h	141.17	−0.038%	$5K	$299K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.25	+0.021%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.28	+0.043%	$826K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.36	+0.096%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.29	+0.049%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.25	+0.018%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.21	−0.013%	$63.4M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.18	−0.031%	$60.9M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.21	−0.010%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.41	+0.132%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	+0.193%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.27	+0.033%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.22	−0.003%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	141.26	+0.025%	$10.2M	$9.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.23	+0.004%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.22	−0.003%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	−0.044%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.51	+0.202%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.42	+0.139%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.60	+0.266%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.31	+0.061%	$134K	$474K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	141.22	long leg	$2K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	141.37	+0.102%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.24	+0.011%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.20	−0.018%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.23	+0.001%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.44	+0.151%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0182%	1h	141.31	+0.061%	$384K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.26	+0.025%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.19	−0.024%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.31	+0.059%	$172K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.27	+0.032%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.44	+0.153%	$110K	—	100x	as long as short