Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h −0.007%

Price spread now: Bitget against ApeX Omni+0.153%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)−0.399%−$40 · spread now +0.153%, 7d avg −0.037%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.189% dearer against ApeX Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	144.10	0.0061	pay 0.0008% / 1h	15m 06s	$134K	$230K	50x
Short	Bitget AAVEUSDT	144.32	0.0100	get 0.0100% / 8h	2h 15m	$30.1M	$18.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.153%Rate

Funding earned: $8.11
Price spread: +0.153% → −0.037%: $18.95
Slippage, 4 orders: −$27.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.24
Costs to cover: 0.493%
Break-even: 26.2 days

Slippage from ApeX Omni: live order book, 6 min ago; Bitget: 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 ApeX Omni live order book, 6 min ago	6.59 bp	14.6 bp −$15	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.73 bp	10.8 bp −$11	16.5 bp −$165	43.3 bp −$4,328	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
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.37	+0.187%	$254K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0161%	1h	144.33	+0.160%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.37	+0.187%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	+0.118%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.28	+0.127%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.24	+0.097%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.37	+0.189%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.48	+0.261%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.955%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.30	+0.137%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.35	+0.173%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0049%	8h	144.34	+0.167%	$65.7M	$184.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.32	+0.153%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.31	+0.146%	$17.4M	$66.1M	50x	as long as short
Gate AAVE_USDT	+0.0056%	8h	144.33	+0.160%	$7.8M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDTlong	+0.0061%	1h	144.10	long leg	$134K	$230K	50x
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	+0.058%	$451K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	144.30	+0.142%	$801K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.54	+0.304%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.37	+0.184%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.33	+0.163%	$180K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.28	+0.123%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.47	+0.257%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	+0.175%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.30	+0.142%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.35	+0.173%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	+0.146%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.40	+0.208%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	144.32	+0.153%	$30.1M	$18.2M	75x
BingX AAVE-USDC	+0.0100%	8h	144.35	+0.173%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.48	+0.264%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.117%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.15	+0.038%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.208%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.32	+0.151%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.43	+0.227%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.29	+0.132%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.163%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.31	+0.147%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.30	+0.139%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.285%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.37	+0.186%	$124K	—	100x	as long as short