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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.004%
Price spread now: Aevo against ApeX Omni+0.056%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.056%, 7d avg −0.002%
Together, before fees+0.153%+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.059% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT144.980.0037pay 0.0005% / 1h43m 22s$135K$229K50x
ShortAevo AAVE-PERP145.060.0096get 0.0012% / 1h43m 22s$123K$14610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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
$12.35
Price spread: +0.056% → −0.002%
$5.89
Slippage, 4 orders
−$104.42
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$112.18
Costs to cover
1.304%
Break-even
70.6 days
Slippage from ApeX Omni: live order book, 43 min ago; Aevo: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 43 min ago8.45 bp16.7 bp −$17101.9 bp −$1,019doesn't fitdoesn't fit
Sell Aevo live order book, 45 min ago32.14 bp47.3 bp −$47285.5 bp −$2,855doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0370%1h145.03+0.034%$250K$483K50xas long as short
SoDEX AAVE-USD−0.0187%1h145.11+0.090%$5K$311K10xas long as short
01 Exchange AAVEUSD−0.0136%1h145.09+0.076%$11K$2K5xas long as short
Phoenix AAVE−0.0044%1h145.05+0.048%$4K$101K10xas long as short
dYdX AAVE-USD0.0000%1h145.06+0.054%$103K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.06+0.055%$74K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.09+0.079%$70K150xas long as short
Kraken Futures PF_AAVEUSD+0.0012%1h145.27+0.198%$3.5M$2.0M50xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.532%$422$51K12xas long as short
ApeX Omni AAVEUSDTlong+0.0037%1h144.98long leg$135K$229K50x
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya AAVERUSDPERP+0.0044%1h145.01+0.022%20xas long as short
OKX AAVE-USDT-SWAP+0.0050%8h145.01+0.021%$17.6M$65.6M50xas long as short
Orderly PERP_AAVE_USDC+0.0057%8h145.02+0.028%$18K$12K10xas long as short
Gate AAVE_USDT+0.0060%8h145.02+0.028%$7.7M$15.6M75xas long as short
Binance AAVEUSDT+0.0076%8h144.99+0.007%$65.9M$182.0M75xas long as short
MEXC AAVE_USDT+0.0076%8h145.01+0.021%$32.1M$26.1M200xas long as short
Nado AAVE-PERP+0.0083%1h145.07+0.060%$805K$444K10xas long as short
Lighter AAVE+0.0096%1h145.20+0.150%$4.7M$1.6M10xas long as short
Aevo AAVE-PERPshort+0.0096%1h145.06+0.056%$123K$14610x
RISEx AAVE/USDC+0.0097%1h145.13+0.105%$181K$242K10xas long as short
GRVT AAVE_USDT_Perp+0.0098%8h144.97−0.007%$460K$4.1M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.06+0.058%$14K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h145.19+0.145%$81.2M$32.5M10xas long as short
Aster AAVEUSDT+0.0100%8h145.08+0.071%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.02+0.025%$331K$505K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.05+0.048%$61.7M$64.9M75xas long as short
Arcus AAVE-USD+0.0100%1h145.08+0.069%$50K$274K10xas long as short
Bulk AAVE-USD+0.0100%1h145.14+0.108%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.06+0.055%$10.1M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.04+0.041%$30.2M$18.2M75xas long as short
BingX AAVE-USDT+0.0100%8h145.02+0.028%$43.9Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.23+0.172%$381K$703K10xas long as short
Variational Omni AAVE+0.0100%8h145.12+0.094%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h144.93−0.033%$101K$314K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.13+0.103%$127K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h145.11+0.087%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.28+0.210%$737K$4.8M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.15+0.117%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.05+0.051%$936K$1.8M50xas long as short
BloFin AAVE-USDT+0.0196%8h144.90−0.055%$3.5M$5.3M100xas long as short
Coinbase International AAVE-PERP-INTX+0.0248%1h145.44+0.317%$782K$3.0M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0266% / S −0.0438%1h145.07+0.060%$125K100xas long as short