Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: KuCoin against Bybit+0.035%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.035%, 7d avg +0.017%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	142.18	0.0100	pay 0.0100% / 8h	1h 30m	$61.2M	$67.6M	75x
Short	KuCoin AAVEUSDTM	142.23	0.0100	get 0.0100% / 8h	1h 30m	$10.2M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.017%: $1.77
Slippage, 4 orders: −$27.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.39
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 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 Bybit live order book, 9 min ago	0.35 bp	7.2 bp −$7	14.2 bp −$142	59.9 bp −$5,992	doesn't fit
Sell KuCoin live order book, 8 min ago	1.05 bp	17.4 bp −$17	34.6 bp −$346	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	142.27	+0.061%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.19	+0.007%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.23	+0.035%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	+0.005%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.671%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.16	−0.012%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0058%	1h	142.13	−0.039%	$825K	$389K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.21	+0.021%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.10	−0.056%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.36	+0.124%	$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	142.10	−0.057%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.25	+0.047%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.16	−0.011%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.21	+0.019%	$64.0M	$190.3M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	142.18	long leg	$61.2M	$67.6M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.19	+0.007%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.23	+0.035%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.074%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.22	+0.028%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.22	+0.028%	$24.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.23	+0.035%	$10.2M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.25	+0.049%	$29.1M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.23	+0.035%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.34	+0.113%	$374K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.15	−0.021%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	−0.040%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	+0.044%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.20	+0.014%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.24	+0.042%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.20	+0.013%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.21	+0.021%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.19	+0.010%	$673K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.24	+0.042%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.17	−0.006%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.24	+0.039%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.18	0.000%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0172%	1h	142.40	+0.155%	$77.9M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.16	−0.014%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.20	+0.015%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.19	+0.005%	$193K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.33	+0.106%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.33	+0.104%	$3.4M	$2.1M	50x	as long as short