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 −0.014%

Price spread now: MEXC against KuCoin−0.014%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.014%, 7d avg +0.005%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	142.35	0.0100	pay 0.0100% / 8h	1h 14m	$10.2M	$9.5M	75x
Short	MEXC AAVE_USDT	142.33	0.0100	get 0.0100% / 8h	1h 14m	$24.5M	$24.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.005%: −$1.89
Slippage, 4 orders: −$23.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$37.31
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 4 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, 3 min ago	1.40 bp	16.6 bp −$17	35.2 bp −$352	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.35 bp	2.0 bp −$2	6.1 bp −$61	41.9 bp −$4,189	131.5 bp −$65.7K

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	142.43	+0.057%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.35	0.000%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.35	0.000%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.32	−0.022%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.786%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.29	−0.041%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0068%	1h	142.35	0.000%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.30	−0.035%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.55	+0.140%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.52	+0.117%	$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	142.29	−0.041%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.41	+0.040%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.39	+0.027%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.34	−0.005%	$64.0M	$188.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.34	−0.007%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.35	0.000%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.43	+0.056%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	+0.170%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.36	+0.007%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	142.33	−0.014%	$24.5M	$24.1M	200x
KuCoin AAVEUSDTMlong	+0.0100%	8h	142.35	long leg	$10.2M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.32	−0.021%	$29.1M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.35	0.000%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.007%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.48	+0.090%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.68	+0.232%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.51	+0.112%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.39	+0.028%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.29	−0.040%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.35	0.000%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.077%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.36	+0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.30	−0.033%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.35	−0.001%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.38	+0.021%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0155%	1h	142.49	+0.098%	$393K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0194%	1h	142.53	+0.126%	$77.9M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.30	−0.035%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.31	−0.025%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.37	+0.012%	$193K	$268K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.81	+0.323%	$757K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.46	+0.076%	$3.4M	$2.1M	50x	as long as short