Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h +0.026%

Price spread now: 01 Exchange against KuCoin−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	145.03	0.0100	pay 0.0100% / 8h	7h 02m	$10.9M	$9.1M	75x
Short	01 Exchange AAVEUSD	145.00	−0.0136	pay 0.0017% / 1h	2m 15s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$49.56
Price spread: −0.021% → 0.000%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$70.63
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 1 min ago	1.38 bp	19.1 bp −$19	43.1 bp −$431	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0186%	1h	145.07	+0.027%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSDshort	−0.0136%	1h	145.00	−0.021%	$11K	$2K	5x
SoDEX AAVE-USD	−0.0035%	1h	144.94	−0.062%	$5K	$302K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.01	−0.014%	$253K	$363K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.17	+0.094%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.43	+0.276%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.22	+0.821%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.07	+0.025%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0030%	8h	145.05	+0.014%	$28.1M	$26.2M	200x	as long as short
Binance AAVEUSDT	+0.0030%	8h	145.04	+0.007%	$65.7M	$183.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.564%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0043%	1h	145.54	+0.352%	$135K	$231K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	145.02	−0.007%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.98	−0.037%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.02	−0.007%	$17.6M	$65.8M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.02	−0.006%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.38	+0.243%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.02	−0.005%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	+0.007%	$795K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.13	+0.072%	$78.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.08	+0.037%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.16	+0.089%	$331K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.98	−0.034%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.98	−0.034%	$45K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.07	+0.028%	$7.8M	$15.4M	75x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	145.03	long leg	$10.9M	$9.1M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.98	−0.034%	$30.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.00	−0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.16	+0.090%	$332K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	+0.240%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.11	+0.745%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.47	+0.305%	$454K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.04	+0.007%	$126K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.98	−0.037%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.37	+0.233%	$706K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.08	+0.034%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.862%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.94	−0.061%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.02	−0.007%	$184K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0121%	8h	145.04	+0.007%	$3.5M	$3.4M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	145.07	+0.027%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.25	+0.152%	$777K	$2.9M	50x	as long as short