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 +0.023%

Price spread now: KuCoin against OKX−0.007%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.007%, 7d avg +0.012%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	140.88	0.0100	pay 0.0100% / 8h	24m 56s	$16.6M	$64.6M	50x
Short	KuCoin AAVEUSDTM	140.87	0.0100	get 0.0100% / 8h	24m 56s	$10.1M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.012%: −$1.96
Slippage, 4 orders: −$27.05
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.01
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 3 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 OKX live order book, 4 min ago	0.35 bp	8.7 bp −$9	13.6 bp −$136	78.7 bp −$7,873	doesn't fit
Sell KuCoin live order book, 3 min ago	0.35 bp	16.7 bp −$17	35.5 bp −$355	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
dYdX AAVE-USD	0.0000%	1h	140.96	+0.055%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.92	+0.028%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.87	−0.007%	$212K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.96	+0.054%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.783%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.91	+0.020%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.85	−0.021%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.06	+0.127%	$4.5M	$2.5M	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.01	+0.092%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.89	+0.010%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	140.91	+0.021%	$823K	$397K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.01	+0.092%	$77.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.90	+0.016%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.95	+0.048%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.87	−0.007%	$63.1M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.87	−0.007%	$60.5M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0100%	8h	140.88	long leg	$16.6M	$64.6M	50x
Arcus AAVE-USD	+0.0100%	1h	141.07	+0.135%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.09	+0.148%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.88	0.000%	$8.0M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.86	−0.014%	$22.9M	$24.2M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	140.87	−0.007%	$10.1M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	140.88	0.000%	$28.6M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.86	−0.014%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.88	−0.001%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.09	+0.152%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.202%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.08	+0.142%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.00	+0.085%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.95	+0.049%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.85	−0.021%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.07	+0.137%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.92	+0.028%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.81	−0.048%	$910K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.88	−0.004%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	140.98	+0.071%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.89	+0.007%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	140.99	+0.080%	$185K	$280K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0250%	1h	141.00	+0.085%	$383K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.96	+0.057%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.15	+0.192%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0272%	1h	140.94	+0.039%	$3.3M	$2.1M	50x	as long as short