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% APRpaid last 24h −0.007%

Price spread now: KuCoin against edgeX+0.292%53s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as 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−$500.499% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.387%−$39 · spread now +0.292%, 7d avg +0.017%

Together, before fees−0.486%+ Points / potential airdropedgeX: Active · farm board−$49 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 0.276% dearer against edgeX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 53 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	edgeX AAVEUSDC	142.82	0.0100	pay 0.0050% / 4h	2h 48m	$105K	$281K	20x
Short	KuCoin AAVEUSDTM	143.24	0.0100	get 0.0100% / 8h	2h 48m	$10.3M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.292%Rate

Funding earned: $0
Price spread: +0.292% → +0.017%: $27.55
Slippage, 4 orders: −$28.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.32
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from edgeX: live order book, 64 min ago; KuCoin: live order book, 5 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 edgeX live order book, 64 min ago	3.47 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.75 bp	17.7 bp −$18	39.6 bp −$396	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
Deribit AAVE_USDC-PERPETUAL	−0.0099%	1h	143.14	+0.222%	$219K	$390K	50x	as long as short
Nado AAVE-PERP	−0.0070%	1h	143.17	+0.243%	$835K	$401K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.15	+0.230%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.06	+0.166%	$50K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.20	+0.265%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.105%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.12	+0.209%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0062%	8h	143.14	+0.222%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	143.12	+0.208%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	143.41	+0.411%	$10K	$2K	5x	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	143.13	+0.214%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.33	+0.355%	$78.4M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.36	+0.378%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.20	+0.264%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.35	+0.369%	$64.1M	$188.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.25	+0.299%	$61.4M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.25	+0.299%	$17.1M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.43	+0.425%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.94	+0.081%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.21	+0.271%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.17	+0.243%	$25.8M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.24	+0.292%	$10.3M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.20	+0.264%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.24	+0.292%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.16	+0.236%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.19	+0.257%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	142.82	long leg	$105K	$281K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.14	+0.222%	$449K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.14	+0.222%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.24	+0.292%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.15	+0.229%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.05	+0.159%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.26	+0.308%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.24	+0.290%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.17	+0.246%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.89	+0.047%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.41	+0.410%	$187K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	+0.194%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	143.13	+0.217%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.17	+0.245%	$112K	—	100x	as long as short
Lighter AAVE	+0.0328%	1h	143.40	+0.402%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.18	+0.250%	$779K	$2.8M	50x	as long as short