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 −0.008%

Price spread now: KuCoin against SunX+0.074%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1641.639% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.074%, 7d avg +0.008%

Together, before fees−0.257%−$26 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 0.065% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	143.90	0.0100	pay 0.0100% / 8h	5h 54m	$1K	$1.2M	20x
Short	KuCoin AAVEUSDTM	144.01	0.0100	get 0.0100% / 8h	5h 54m	$10.7M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.008%: $6.55
Slippage, 4 orders: −$143.93
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$157.38
Costs to cover: 1.639%
Break-even: never at this rate

Slippage from SunX: live order book, 10 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 SunX live order book, 10 min ago	44.89 bp	65.5 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.35 bp	15.6 bp −$16	28.6 bp −$286	doesn't fit	doesn't fit

AAVE on 41 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
Deribit AAVE_USDC-PERPETUAL	−0.6483%	1h	143.09	−0.566%	$243K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.128%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	143.91	+0.004%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	+0.062%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.97	+0.046%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	+0.035%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.477%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.825%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.030%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.02	+0.081%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	143.96	+0.039%	$17.2M	$63.4M	50x	as long as short
MEXC AAVE_USDT	+0.0092%	8h	143.99	+0.060%	$26.3M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0093%	8h	143.98	+0.053%	$64.9M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.20	+0.203%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.93	+0.016%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.94	+0.028%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.08	+0.122%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.00	+0.063%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.93	+0.017%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.98	+0.053%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.93	+0.018%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.098%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.97	+0.046%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.01	+0.074%	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.95	+0.032%	$29.9M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.98	+0.053%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.04	+0.095%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.484%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.85	−0.039%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.057%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.92	+0.011%	$125K	$419K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.90	long leg	$1K	$1.2M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.06	+0.108%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.256%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	+0.039%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.93	+0.019%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.06	+0.112%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.97	+0.047%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0410%	1h	143.93	+0.016%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.14	+0.162%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.456%	$777K	$2.8M	50x	as long as short