Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.038%

Price spread now: SoDEX against KuCoin−0.084%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.084%, 7d avg −0.018%

Together, before fees+0.189%+$19 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: SoDEX is 0.066% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	143.23	0.0100	pay 0.0100% / 8h	3h 17m	$10.4M	$9.4M	75x
Short	SoDEX AAVE-USD	143.11	0.0100	get 0.0013% / 1h	17m 49s	$5K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.018%: −$6.58
Slippage, 4 orders: −$20.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$46.69
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; SoDEX: live order book, 36 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, 6 min ago	1.05 bp	17.8 bp −$18	36.3 bp −$363	doesn't fit	doesn't fit
Sell SoDEX live order book, 36 min ago	0.35 bp	5.2 bp −$5	9.6 bp −$96	98.9 bp −$9,886	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
dYdX AAVE-USD	0.0000%	1h	143.31	+0.053%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.12	−0.077%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.10	−0.091%	$219K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.11	−0.082%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0032%	1h	143.02	−0.143%	$834K	$397K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.378%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.79	−0.307%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.02	−0.145%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	143.12	−0.077%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0066%	8h	143.18	−0.035%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0096%	1h	143.01	−0.154%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.93	−0.213%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.21	−0.013%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.96	−0.189%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.20	−0.023%	$64.0M	$189.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.17	−0.042%	$61.5M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.14	−0.063%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.02	−0.147%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.462%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.25	+0.014%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.24	+0.007%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.23	long leg	$10.4M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.28	+0.035%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.24	+0.007%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.30	+0.049%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.349%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.372%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.80	−0.300%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.76	−0.328%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.16	−0.049%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.97	−0.184%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	143.11	−0.084%	$5K	$310K	10x
HTX AAVE-USDT	+0.0100%	8h	143.03	−0.142%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.10	−0.090%	$904K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.14	−0.064%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.98	−0.176%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0146%	1h	143.40	+0.122%	$78.4M	$37.1M	10x	as long as short
Lighter AAVE	+0.0216%	1h	143.45	+0.153%	$4.5M	$2.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.82	−0.286%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.20	−0.023%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.11	−0.085%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.80	−0.300%	$782K	$2.8M	50x	as long as short