Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.026%

Price spread now: KuCoin against 01 Exchange−0.049%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against 01 Exchange than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	142.75	0.0120	pay 0.0015% / 1h	19m 22s	$10K	$2K	5x
Short	KuCoin AAVEUSDTM	142.68	0.0100	get 0.0100% / 8h	1h 19m	$10.3M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$4.2
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.1
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	0.70 bp	19.6 bp −$20	39.4 bp −$394	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	142.57	−0.125%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.65	−0.070%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.58	−0.119%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.62	−0.093%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.056%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.58	−0.121%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0057%	1h	142.63	−0.084%	$830K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.56	−0.133%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.73	−0.014%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.75	−0.002%	$4.5M	$2.5M	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	142.60	−0.103%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.66	−0.065%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.63	−0.081%	$326K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.61	−0.099%	$64.2M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	−0.126%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.55	−0.140%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.78	+0.021%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	−0.110%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.65	−0.070%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.66	−0.063%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.68	−0.049%	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.60	−0.105%	$29.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.61	−0.098%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.49	−0.182%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.091%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.62	−0.092%	$449K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.60	−0.105%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.72	−0.021%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	−0.076%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.58	−0.119%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.73	−0.015%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.68	−0.049%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.51	−0.169%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.58	−0.117%	$120K	$146	10x	as long as short
01 Exchange AAVEUSDlong	+0.0120%	1h	142.75	long leg	$10K	$2K	5x
Backpack AAVE_USDC_PERP	+0.0147%	1h	142.71	−0.028%	$395K	$726K	10x	as long as short
Hyperliquid AAVE	+0.0194%	1h	142.79	+0.028%	$78.1M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.60	−0.105%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.60	−0.104%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.66	−0.065%	$192K	$268K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.81	+0.042%	$757K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.69	−0.040%	$3.4M	$2.1M	50x	as long as short