Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: KuCoin against Aevo+0.013%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.013%, 7d avg −0.006%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.78	0.0104	pay 0.0013% / 1h	21m 18s	$121K	$146	10x
Short	KuCoin AAVEUSDTM	142.80	0.0100	get 0.0100% / 8h	3h 21m	$10.3M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.84
Price spread: +0.013% → −0.006%: $1.94
Slippage, 4 orders: −$84.24
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$111.14
Costs to cover: 1.122%
Break-even: never at this rate

Slippage from Aevo: live order book, 32 min ago; KuCoin: live order book, 2 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 Aevo live order book, 32 min ago	22.56 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.05 bp	12.0 bp −$12	27.9 bp −$279	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	142.86	+0.053%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.49	−0.204%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.76	−0.015%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.81	+0.023%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0032%	1h	142.86	+0.053%	$835K	$399K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.077%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.79	+0.006%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.76	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.77	−0.008%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0059%	8h	142.68	−0.071%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	142.85	+0.048%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.92	+0.099%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.81	+0.022%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.88	+0.072%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.78	−0.001%	$63.7M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.77	−0.008%	$61.3M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.77	−0.008%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.89	+0.076%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.149%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.77	−0.008%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.78	−0.001%	$25.4M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.80	+0.013%	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.78	−0.001%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.79	+0.006%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.56	−0.155%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.92	+0.096%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.59	−0.137%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.89	+0.076%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.62	−0.113%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.89	+0.076%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.75	−0.025%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.71	−0.050%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.78	−0.002%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.72	−0.046%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.78	long leg	$121K	$146	10x
RISEx AAVE/USDC	+0.0132%	1h	142.85	+0.047%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0161%	1h	142.93	+0.104%	$78.2M	$37.1M	10x	as long as short
Lighter AAVE	+0.0168%	1h	143.00	+0.150%	$4.5M	$2.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.67	−0.078%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.84	+0.040%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.79	+0.009%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.02	+0.167%	$783K	$2.8M	50x	as long as short