Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: KuCoin against Arcus−0.077%7-day average −0.010% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.077%, 7d avg −0.010%

Together, before fees+0.049%+$5 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 0.067% cheaper against Arcus than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	142.89	0.0100	pay 0.0013% / 1h	21m 36s	$64K	$200K	10x
Short	KuCoin AAVEUSDTM	142.78	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 Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.010%: −$6.72
Slippage, 4 orders: −$29.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.43
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Arcus: 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 Arcus live order book, 32 min ago	0.69 bp	8.4 bp −$8	19.6 bp −$196	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	−0.023%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.49	−0.280%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.49	−0.280%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.53	−0.251%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.150%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.99	+0.070%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0039%	1h	142.41	−0.336%	$833K	$399K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.47	−0.296%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.48	−0.287%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0074%	8h	142.53	−0.252%	$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	142.38	−0.357%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.92	+0.023%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.89	0.000%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.88	−0.004%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.87	−0.014%	$63.8M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.87	−0.014%	$61.4M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.92	+0.021%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	142.89	long leg	$64K	$200K	10x
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.225%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.91	+0.014%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.84	−0.035%	$25.4M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.78	−0.077%	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.91	+0.014%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.90	+0.007%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.56	−0.231%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.92	+0.020%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.94	+0.033%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.89	0.000%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.00	+0.077%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.57	−0.224%	$131K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.46	−0.304%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.47	−0.294%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.75	−0.101%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.87	−0.014%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.50	−0.271%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.85	−0.029%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0164%	1h	142.91	+0.014%	$78.1M	$37.0M	10x	as long as short
Lighter AAVE	+0.0168%	1h	143.00	+0.074%	$4.5M	$2.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.67	−0.154%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.59	−0.208%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	−0.258%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.553%	$788K	$2.8M	50x	as long as short