Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.011%
Price spread now: KuCoin against Orderly+0.043%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.043% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_AAVE_USDC140.620.0084pay 0.0084% / 8h5h 05m$17K$2K10x
ShortKuCoin AAVEUSDTM140.680.0100get 0.0100% / 8h5h 05m$10.2M$9.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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

Funding earned
$3.39
Price spread: +0.043% → 0.000%
$4.27
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$10.35
Costs to cover
0.180%
Break-even
28.4 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell KuCoin live order book, 1 min ago0.71 bp16.2 bp −$1634.7 bp −$347doesn't fitdoesn't fit
Orderly: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSD−0.0032%1h140.68+0.043%$10K$2K5xas long as short
SoDEX AAVE-USD−0.0013%1h140.63+0.007%$7K$216K10xas long as short
dYdX AAVE-USD0.0000%1h140.77+0.110%$101K$6K10xas long as short
Kalshi KXAAVEPERP0.0000%8h140.69+0.050%$42K$1.3M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h140.65+0.021%$207K$304K50xas long as short
Bybit AAVEUSDT+0.0003%8h140.63+0.007%$60.8M$58.9M75xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h140.66+0.032%$78K150xas long as short
Phoenix AAVE+0.0028%1h140.89+0.192%$4K$81K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−2.603%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h140.69+0.052%20xas long as short
Show all 42 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAVE+0.0065%8h140.68+0.041%$3.6M$758Kas long as short
Phemex AAVEUSDT+0.0082%8h140.66+0.028%$3.9M$3.6M50xas long as short
Orderly PERP_AAVE_USDClong+0.0084%8h140.62long leg$17K$2K10x
Lighter AAVE+0.0096%1h140.82+0.142%$4.5M$2.2M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h140.62−0.003%$13K$44420xas long as short
Nado AAVE-PERP+0.0100%1h140.61−0.004%$809K$305K10xas long as short
Hyperliquid AAVE+0.0100%1h140.82+0.142%$77.4M$27.5M10xas long as short
Aster AAVEUSDT+0.0100%8h140.70+0.060%$1.2M$1.0M50xas long as short
Pacifica AAVE+0.0100%1h140.69+0.050%$343K$299K10xas long as short
Binance AAVEUSDT+0.0100%8h140.68+0.043%$63.5M$158.7M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h140.61−0.007%$16.1M$51.3M50xas long as short
Arcus AAVE-USD+0.0100%1h140.78+0.114%$94K$205K10xas long as short
Gate AAVE_USDT+0.0100%8h140.66+0.028%$8.1M$13.7M75xas long as short
MEXC AAVE_USDT+0.0100%8h140.65+0.021%$22.3M$22.1M200xas long as short
KuCoin AAVEUSDTMshort+0.0100%8h140.68+0.043%$10.2M$9.2M75x
Bitget AAVEUSDT+0.0100%8h140.68+0.043%$29.0M$15.7M75xas long as short
BingX AAVE-USDC+0.0100%8h140.64+0.014%$6.5Mas long as short
edgeX AAVEUSDC+0.0100%4h140.72+0.070%$108K$283K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h140.87+0.179%$448K$3.0M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h140.78+0.114%$131K$221K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h140.71+0.064%$132K$366K10xas long as short
SunX AAVE-USDT+0.0100%8h140.64+0.013%$1K$1.1M20xas long as short
HTX AAVE-USDT+0.0100%8h141.06+0.314%$637K$1.4M75xas long as short
Bulk AAVE-USD+0.0100%1h140.73+0.077%$165K$20K10xas long as short
Extended AAVE-USD+0.0104%1h140.57−0.036%$912K$1.4M50xas long as short
Aevo AAVE-PERP+0.0104%1h140.65+0.021%$119K10xas long as short
RISEx AAVE/USDC+0.0112%1h140.71+0.061%$180K$227K10xas long as short
Backpack AAVE_USDC_PERP+0.0140%1h140.78+0.114%$385K$595K10xas long as short
BloFin AAVE-USDT+0.0220%8h140.59−0.021%$3.2M$3.3M100xas long as short
Coinbase International AAVE-PERP-INTX+0.0240%1h140.79+0.121%$750K$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0254% / S −0.0365%1h140.80+0.126%$111K100xas long as short
Kraken Futures PF_AAVEUSD+0.0308%1h140.76+0.103%$3.4M$1.8M50xas long as short