Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Pacifica against KuCoin−0.122%46s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$480.482% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.122%, 7d avg +0.013%

Together, before fees+0.223%+ Points / potential airdropPacifica: Active · farm board+$22 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: Pacifica is 0.135% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 46 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	KuCoin AAVEUSDTM	146.17	0.0100	pay 0.0100% / 8h	7h 31m	$10.1M	$8.7M	75x
Short	Pacifica AAVE	145.99	0.0100	get 0.0013% / 1h	31m 45s	$333K	$503K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → +0.013%: −$13.54
Slippage, 4 orders: −$28.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$61.73
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Pacifica: live order book, 42 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, 2 min ago	0.68 bp	18.1 bp −$18	35.0 bp −$350	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	2.39 bp	6.5 bp −$7	doesn't fit	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.20	+0.018%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0144%	1h	145.80	−0.253%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0115%	1h	146.08	−0.062%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.23	+0.038%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.98	−0.130%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.19	+0.014%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.15	−0.014%	$255K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.14	−0.019%	$71K	—	150x	as long as short
Phemex AAVEUSDT	+0.0009%	8h	146.07	−0.068%	$4.2M	$3.8M	50x	as long as short
Gate AAVE_USDT	+0.0016%	8h	146.17	0.000%	$7.9M	$15.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0019%	8h	146.20	+0.021%	$66.3M	$184.8M	75x	as long as short
MEXC AAVE_USDT	+0.0020%	8h	146.15	−0.014%	$29.2M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.301%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.93	−0.162%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	146.09	−0.055%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.23	+0.041%	$18.0M	$66.7M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0067%	1h	146.03	−0.096%	$136K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0071%	8h	145.82	−0.236%	$461K	$3.8M	10x	as long as short
BloFin AAVE-USDT	+0.0081%	8h	146.12	−0.034%	$3.5M	$4.0M	100x	as long as short
Bybit AAVEUSDT	+0.0085%	8h	146.21	+0.027%	$62.5M	$65.3M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	−0.044%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.40	+0.154%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.93	−0.167%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.82	−0.241%	$797K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	+0.075%	$79.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.16	−0.005%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	145.99	−0.122%	$333K	$503K	10x
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.233%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.308%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	146.17	long leg	$10.1M	$8.7M	75x
Bitget AAVEUSDT	+0.0100%	8h	146.16	−0.007%	$30.4M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.16	−0.007%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.23	+0.041%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.87	−0.204%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.80	−0.255%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.96	−0.144%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.84	−0.229%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.29	+0.079%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.14	−0.021%	$933K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.86	−0.210%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.14	−0.021%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.17	0.000%	$786K	$3.1M	50x	as long as short