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: KuCoin against SoDEX−0.119%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−$61as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on SoDEX Short on KuCoin

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)−0.049%−$5 · spread now −0.119%, 7d avg +0.018%

Together, before fees+0.013%+$1 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 0.137% cheaper against SoDEX than usual: you would sell low and buy high, −$14 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	SoDEX AAVE-USD	143.22	0.0100	pay 0.0013% / 1h	16m 50s	$5K	$310K	10x
Short	KuCoin AAVEUSDTM	143.05	0.0100	get 0.0100% / 8h	3h 16m	$10.4M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → +0.018%: −$13.67
Slippage, 4 orders: −$27.08
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.76
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from SoDEX: live order book, 37 min ago; KuCoin: live order book, 2 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 SoDEX live order book, 37 min ago	0.35 bp	5.2 bp −$5	10.6 bp −$106	98.8 bp −$9,883	doesn't fit
Sell KuCoin live order book, 2 min ago	0.35 bp	18.6 bp −$19	32.7 bp −$327	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	143.31	+0.060%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.14	−0.056%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.23	+0.007%	$219K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.22	+0.001%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0030%	1h	143.19	−0.024%	$834K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.371%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.01	−0.147%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.14	−0.058%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0057%	8h	143.13	−0.063%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	143.23	+0.007%	$18K	$10K	10x	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	143.22	0.000%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.18	−0.027%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.11	−0.077%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.22	0.000%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.06	−0.112%	$63.9M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.02	−0.140%	$61.5M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.98	−0.168%	$17.0M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.26	+0.028%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.455%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.04	−0.126%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.06	−0.112%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.05	−0.119%	$10.4M	$9.4M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.07	−0.105%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.03	−0.133%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.17	−0.035%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.342%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.365%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.80	−0.293%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.80	−0.293%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.25	+0.021%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.11	−0.080%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	143.22	long leg	$5K	$310K	10x
HTX AAVE-USDT	+0.0100%	8h	143.29	+0.050%	$685K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.00	−0.154%	$909K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.24	+0.014%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.21	−0.008%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0141%	1h	143.20	−0.014%	$78.3M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.21	−0.007%	$3.3M	$3.6M	100x	as long as short
Lighter AAVE	+0.0224%	1h	143.44	+0.154%	$4.5M	$2.3M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.33	+0.076%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.23	+0.005%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.36	+0.098%	$784K	$2.8M	50x	as long as short