Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: KuCoin against ApeX Omni−0.120%82s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

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

costs, in and out, $10k−$580.579% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.120%, 7d avg −0.012%

Together, before fees−0.184%−$18 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 0.107% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 82 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	ApeX Omni AAVEUSDT	142.11	0.0100	pay 0.0013% / 1h	40m 11s	$132K	$220K	50x
Short	KuCoin AAVEUSDTM	141.94	0.0100	get 0.0100% / 8h	4h 40m	$10.5M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.012%: −$10.75
Slippage, 4 orders: −$35.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$68.69
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; KuCoin: live order book, 3 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 ApeX Omni live order book, 16 min ago	4.92 bp	13.7 bp −$14	97.6 bp −$976	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.70 bp	11.9 bp −$12	23.4 bp −$234	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	−0.0168%	1h	142.11	0.000%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.27	+0.116%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	+0.014%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.00	−0.077%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.00	−0.074%	$79K	—	150x	as long as short
SoDEX AAVE-USD	+0.0025%	1h	141.90	−0.148%	$5K	$299K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.624%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0041%	1h	142.15	+0.032%	$842K	$447K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.02	−0.066%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.98	−0.091%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.05	−0.042%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.95	−0.112%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.20	+0.063%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.98	−0.089%	$76.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.13	+0.012%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	+0.084%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.87	−0.169%	$63.5M	$185.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.90	−0.148%	$60.7M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.88	−0.162%	$17.0M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.29	+0.127%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.007%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.99	−0.084%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.91	−0.141%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	141.94	−0.120%	$10.5M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.79	−0.225%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.91	−0.141%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.99	−0.084%	$336K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	−0.121%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+0.051%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.11	0.000%	$449K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	142.11	long leg	$132K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.11	0.000%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.93	−0.127%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	−0.010%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.96	−0.106%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.95	−0.112%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.02	−0.063%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.22	+0.075%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.01	−0.070%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.03	−0.054%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.04	−0.046%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+0.049%	$788K	$2.9M	50x	as long as short