Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.006%

Price spread now: edgeX against ApeX Omni+0.026%7-day average −0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.026%, 7d avg −0.028%

Together, before fees−0.015%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.054% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	144.08	−0.0026	get 0.0003% / 1h	34m 01s	$134K	$229K	50x
Short	edgeX AAVEUSDC	144.12	0.0100	get 0.0050% / 4h	2h 34m	$100K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $26.53
Price spread: +0.026% → −0.028%: $5.36
Slippage, 4 orders: −$30.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.66
Costs to cover: 0.496%
Break-even: 11.7 days

Slippage from ApeX Omni: live order book, 52 min ago; edgeX: live order book, 54 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, 52 min ago	8.45 bp	16.7 bp −$17	101.9 bp −$1,019	doesn't fit	doesn't fit
Sell edgeX live order book, 54 min ago	3.72 bp	8.3 bp −$8	11.9 bp −$119	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
Deribit AAVE_USDC-PERPETUAL	−0.0373%	1h	144.36	+0.194%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0194%	1h	144.30	+0.153%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.42	+0.236%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.13	+0.035%	$4K	$101K	10x	as long as short
ApeX Omni AAVEUSDTlong	−0.0026%	1h	144.08	long leg	$134K	$229K	50x
dYdX AAVE-USD	0.0000%	1h	144.40	+0.225%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.37	+0.201%	$71K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	+0.237%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.46	+0.267%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.942%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.34	+0.183%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.34	+0.180%	$17.5M	$65.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	144.31	+0.160%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.31	+0.160%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0067%	8h	144.28	+0.139%	$65.7M	$183.2M	75x	as long as short
MEXC AAVE_USDT	+0.0068%	8h	144.30	+0.153%	$31.7M	$26.2M	200x	as long as short
Nado AAVE-PERP	+0.0091%	1h	144.41	+0.229%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	144.12	+0.025%	$450K	$4.0M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.50	+0.288%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.36	+0.193%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.49	+0.282%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.46	+0.266%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.42	+0.236%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.40	+0.223%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	+0.246%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.37	+0.201%	$61.5M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.44	+0.250%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	+0.371%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.40	+0.222%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.31	+0.160%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.33	+0.174%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.43	+0.243%	$377K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	0.000%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.12	+0.026%	$100K	$313K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.48	+0.278%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.30	+0.155%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.72	+0.448%	$726K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.39	+0.215%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.30	+0.156%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0188%	8h	144.32	+0.167%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.194%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.39	+0.216%	$124K	—	100x	as long as short