Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: dYdX against KuCoin+0.180%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$381as in the Funding arb table

Net, price: spread back to 7d avg − costs−$353as in the Price arb table

costs, in and out, $10k−$3703.697% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.180%, 7d avg +0.013%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.167% dearer against KuCoin than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of +0.013%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	141.57	0.0100	pay 0.0100% / 8h	4h 39m	$10.5M	$9.2M	75x
Short	dYdX AAVE-USD	141.82	0	get 0.0000% / 1h	39m 07s	$101K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$21
Price spread: +0.180% → +0.013%: $16.7
Slippage, 4 orders: −$347.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$373.96
Costs to cover: 3.697%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; dYdX: live order book, 20 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 KuCoin live order book, 4 min ago	0.70 bp	19.7 bp −$20	53.1 bp −$531	doesn't fit	doesn't fit
Sell dYdX live order book, 20 min ago	82.64 bp	250.4 bp −$250	250.8 bp −$2,508	257.2 bp −$25.7K	534.6 bp −$267.3K

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	141.65	+0.057%	$10K	$2K	5x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	141.82	+0.180%	$101K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	141.80	+0.162%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.59	+0.014%	$219K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.71	+0.102%	$79K	—	150x	as long as short
SoDEX AAVE-USD	+0.0020%	1h	141.57	0.000%	$5K	$299K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.256%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.66	+0.065%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.59	+0.014%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0050%	1h	141.72	+0.106%	$839K	$447K	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	+0.339%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.63	+0.043%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.76	+0.135%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.70	+0.092%	$76.4M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.66	+0.067%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.90	+0.232%	$325K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.67	+0.071%	$63.4M	$185.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.67	+0.071%	$60.6M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.68	+0.078%	$17.0M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.83	+0.184%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.389%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.63	+0.042%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.58	+0.007%	$24.9M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	141.57	long leg	$10.5M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.51	−0.042%	$28.8M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.58	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.68	+0.078%	$336K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	+0.260%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+0.433%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.91	+0.237%	$445K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.90	+0.233%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.72	+0.106%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.67	+0.071%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.73	+0.115%	$682K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.65	+0.057%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.54	−0.022%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.61	+0.026%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.73	+0.114%	$176K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.96	+0.275%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.71	+0.097%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0327%	1h	141.70	+0.090%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+0.431%	$788K	$2.9M	50x	as long as short