Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.015%

Price spread now: Binance against ApeX Omni−0.525%59s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.415% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.456%+$46 · spread now −0.525%, 7d avg −0.011%

Together, before fees+0.384%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.515% cheaper against ApeX Omni than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	146.56	0.0074	pay 0.0009% / 1h	18m 29s	$136K	$231K	50x
Short	Binance AAVEUSDT	145.79	0.0021	get 0.0021% / 8h	7h 18m	$66.0M	$183.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.525%Rate

Funding earned: −$11.12
Price spread: −0.525% → −0.011%: −$51.47
Slippage, 4 orders: −$21.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$104.08
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 53 min ago; Binance: live order book, 10 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 ApeX Omni live order book, 53 min ago	5.14 bp	13.3 bp −$13	114.3 bp −$1,143	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.34 bp	7.3 bp −$7	17.9 bp −$179	44.9 bp −$4,492	172.6 bp −$86.3K

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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	146.01	−0.375%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	145.81	−0.512%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0094%	1h	145.90	−0.450%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.05	−0.348%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.77	−0.538%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.12	−0.300%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.58	+0.014%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.13	−0.293%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0013%	8h	145.82	−0.505%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	145.75	−0.553%	$28.9M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDTshort	+0.0021%	8h	145.79	−0.525%	$66.0M	$183.5M	75x
Phemex AAVEUSDT	+0.0033%	8h	145.92	−0.437%	$4.2M	$3.8M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.550%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.84	−0.489%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.02	−0.368%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.80	−0.519%	$17.9M	$66.2M	50x	as long as short
Bybit AAVEUSDT	+0.0068%	8h	145.79	−0.525%	$62.4M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDTlong	+0.0074%	1h	146.56	long leg	$136K	$231K	50x
BloFin AAVE-USDT	+0.0085%	8h	146.04	−0.355%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	−0.312%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.99	−0.390%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.71	−0.578%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.77	−0.539%	$797K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.00	−0.382%	$79.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.89	−0.459%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.82	−0.508%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.78	−0.532%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.528%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.85	−0.484%	$10.3M	$8.9M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.77	−0.539%	$30.2M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.77	−0.539%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.93	−0.430%	$333K	$735K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	−0.081%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	−0.066%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	−0.055%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.91	−0.444%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.06	−0.345%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	−0.072%	$711K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.76	−0.543%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.82	−0.507%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.13	−0.294%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.41	−0.102%	$785K	$2.9M	50x	as long as short