Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Gate against ApeX Omni−0.526%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.439%+$44 · spread now −0.526%, 7d avg −0.020%

Together, before fees+0.352%+$35 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: Gate is 0.507% cheaper against ApeX Omni than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	144.40	0.0100	pay 0.0013% / 1h	54m 48s	$134K	$231K	50x
Short	Gate AAVE_USDT	143.64	0.0100	get 0.0100% / 8h	6h 54m	$7.8M	$14.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.526%Rate

Funding earned: $0
Price spread: −0.526% → −0.020%: −$50.66
Slippage, 4 orders: −$36.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.86
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 11 min ago; Gate: 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, 11 min ago	7.22 bp	14.8 bp −$15	104.7 bp −$1,047	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.42 bp	15.9 bp −$16	26.0 bp −$260	39.9 bp −$3,986	45.1 bp −$22.6K

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	−0.3855%	1h	143.15	−0.866%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	143.72	−0.471%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.82	−0.399%	$3.4M	$2.0M	50x	as long as short
SoDEX AAVE-USD	−0.0031%	1h	143.71	−0.478%	$5K	$302K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.77	−0.434%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.83	−0.395%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	143.78	−0.429%	$5K	$98K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.78	−0.431%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	143.69	−0.492%	$27.6M	$24.6M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	143.61	−0.550%	$64.8M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.152%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.70	−0.485%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.69	−0.493%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0061%	8h	143.60	−0.554%	$17.3M	$65.6M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.71	−0.481%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.83	−0.391%	$182K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.92	−0.334%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.90	−0.345%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.74	−0.457%	$794K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.76	−0.443%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.61	−0.546%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.85	−0.382%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.66	−0.512%	$61.4M	$65.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.81	−0.409%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.111%	$58K	$2K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	143.64	−0.526%	$7.8M	$14.9M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	143.69	−0.492%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.59	−0.561%	$29.7M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.63	−0.533%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.76	−0.443%	$326K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	−0.573%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	−0.004%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.048%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	144.40	long leg	$134K	$231K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.75	−0.450%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.69	−0.493%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.03	−0.253%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.84	−0.388%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.65	−0.519%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0133%	8h	143.64	−0.526%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.75	−0.447%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.00	−0.277%	$771K	$2.8M	50x	as long as short