Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against KuCoin−0.007%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.007%, 7d avg −0.004%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	140.77	0.0100	pay 0.0100% / 8h	7h 33m	$10.2M	$9.5M	75x
Short	Gate AAVE_USDT	140.76	0.0100	get 0.0100% / 8h	7h 33m	$8.1M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.004%: −$0.27
Slippage, 4 orders: −$36.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.68
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: 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 KuCoin live order book, 5 min ago	0.71 bp	15.4 bp −$15	34.0 bp −$340	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.35 bp	17.7 bp −$18	27.9 bp −$279	43.6 bp −$4,363	49.1 bp −$24.5K

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	140.84	+0.048%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.06	+0.206%	$53K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.21	+0.313%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.09	+0.229%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.707%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.96	+0.133%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.20	+0.305%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.76	−0.007%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.12	+0.249%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.67	−0.069%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.20	+0.309%	$826K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.87	+0.071%	$76.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.80	+0.021%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.74	−0.021%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.72	−0.036%	$63.2M	$191.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.70	−0.050%	$60.7M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.70	−0.050%	$16.6M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.88	+0.078%	$94K	$225K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.282%	$163K	$106K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	140.76	−0.007%	$8.1M	$16.0M	75x
MEXC AAVE_USDT	+0.0100%	8h	140.73	−0.028%	$22.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	140.77	long leg	$10.2M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	140.70	−0.050%	$28.6M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.71	−0.043%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.05	+0.200%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.14	+0.265%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	+0.298%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.32	+0.391%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.06	+0.206%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.03	+0.188%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.11	+0.242%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.42	+0.462%	$665K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.13	+0.256%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.65	−0.086%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.23	+0.326%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	140.94	+0.120%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0180%	1h	141.15	+0.270%	$384K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.36	+0.419%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.03	+0.185%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.76	−0.006%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.23	+0.327%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.07	+0.211%	$110K	—	100x	as long as short