Funding arb · Price arb /

AAVE

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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: KuCoin against MEXC+0.021%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on MEXC Short on KuCoin

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−0.039%−$4 · spread now +0.021%, 7d avg −0.005%

Together, before fees−0.055%−$5 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: KuCoin is 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	142.62	0.0100	pay 0.0100% / 8h	4h 14m	$25.1M	$23.8M	200x
Short	KuCoin AAVEUSDTM	142.65	0.0100	get 0.0100% / 8h	4h 14m	$10.5M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.005%: $2.58
Slippage, 4 orders: −$24.64
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.06
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: 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 MEXC live order book, 5 min ago	1.05 bp	2.6 bp −$3	6.1 bp −$61	31.6 bp −$3,156	116.1 bp −$58.1K
Sell KuCoin live order book, 4 min ago	0.35 bp	14.9 bp −$15	34.6 bp −$346	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
01 Exchange AAVEUSD	−0.0144%	1h	142.62	0.000%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.65	+0.021%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.64	+0.017%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.69	+0.049%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.66	+0.029%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0013%	1h	142.64	+0.014%	$840K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.969%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.57	−0.034%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.62	0.000%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.83	+0.147%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0083%	1h	142.67	+0.035%	$5K	$293K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.77	+0.107%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.64	+0.013%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.76	+0.098%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.68	+0.042%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.71	+0.062%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.65	+0.022%	$63.8M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.65	+0.021%	$61.1M	$67.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.65	+0.021%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.76	+0.098%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.62	+0.003%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.69	+0.049%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	142.62	long leg	$25.1M	$23.8M	200x
KuCoin AAVEUSDTMshort	+0.0100%	8h	142.65	+0.021%	$10.5M	$9.3M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.59	−0.021%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.66	+0.028%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.74	+0.084%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.007%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.71	+0.062%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.091%	$459K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.78	+0.112%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.69	+0.049%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	+0.015%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.95	+0.233%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.67	+0.035%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.63	+0.006%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.66	+0.027%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.72	+0.069%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.70	+0.056%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.65	+0.021%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.76	+0.099%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.140%	$792K	$2.8M	50x	as long as short