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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0400%/8h= +43.8% APRnext payment +$0.50 per $10,000 · paid last 24h +0.033%
Price spread now: GMX against ApeX Omni+0.143%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.157%−$16 on $10k
Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.143%, 7d avg +0.038%
Together, before fees−0.166%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.105% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.038%. Mind the row above: over the last 3 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT145.800.0049pay 0.0006% / 1h40m 27s$136K$230K50x
ShortGMX AAVE/USD [AAVE-USDC]146.01L +0.0269% / S −0.0449%get 0.0056% / 1h40m 27s$128K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$83.98
Price spread: +0.143% → +0.038%
$10.52
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$72.5
Costs to cover
0.220%
Break-even
1.0 days
Slippage unknown: ApeX Omni: live order book, 31 min ago; GMX: no order-book sample. Net counts fees only.

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, 31 min ago5.14 bp13.3 bp −$13114.3 bp −$1,143doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_AAVEUSD−0.0184%1h146.12+0.219%$3.5M$2.1M50xas long as short
01 Exchange AAVEUSD−0.0128%1h145.96+0.110%$11K$2K5xas long as short
Phemex AAVEUSDT−0.0107%8h145.98+0.123%$4.1M$3.8M50xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0092%1h146.01+0.144%$255K$373K50xas long as short
SoDEX AAVE-USD−0.0073%1h145.97+0.117%$5K$305K10xas long as short
dYdX AAVE-USD0.0000%1h146.08+0.195%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.94+0.096%$77K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h146.21+0.281%$5K$102K10xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.04+0.167%$71K150xas long as short
MEXC AAVE_USDT+0.0024%8h145.90+0.069%$29.2M$25.7M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0024%8h145.96+0.109%$66.1M$186.7M75xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.063%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h145.96+0.108%20xas long as short
Orderly PERP_AAVE_USDC+0.0049%8h145.98+0.123%$18K$10K10xas long as short
ApeX Omni AAVEUSDTlong+0.0049%1h145.80long leg$136K$230K50x
Gate AAVE_USDT+0.0053%8h145.99+0.130%$7.9M$15.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0064%8h145.94+0.096%$17.9M$67.2M50xas long as short
Aevo AAVE-PERP+0.0088%1h146.00+0.137%$123K$14610xas long as short
Lighter AAVE+0.0096%1h146.14+0.233%$4.7M$1.5M10xas long as short
BloFin AAVE-USDT+0.0096%8h145.90+0.069%$3.5M$4.1M100xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.04+0.162%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.91+0.077%$798K$446K10xas long as short
Hyperliquid AAVE+0.0100%1h146.14+0.233%$79.7M$35.5M10xas long as short
Aster AAVEUSDT+0.0100%8h145.97+0.117%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.97+0.117%$333K$503K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.96+0.110%$62.4M$65.6M75xas long as short
Arcus AAVE-USD+0.0100%1h146.04+0.165%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h146.05+0.171%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.89+0.062%$10.0M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.96+0.110%$30.3M$18.2M75xas long as short
BingX AAVE-USDC+0.0100%8h146.03+0.158%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.00+0.137%$346K$734K10xas long as short
Variational Omni AAVE+0.0100%8h146.08+0.194%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h146.12+0.219%$105K$316K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.12+0.218%$462K$3.9M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.03+0.158%$128K$430K10xas long as short
SunX AAVE-USDT+0.0100%8h145.96+0.112%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.12+0.216%$698K$5.1M75xas long as short
Extended AAVE-USD+0.0104%1h145.95+0.106%$932K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h146.05+0.172%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]shortL +0.0269% / S −0.0449%1h146.01+0.143%$128K100x
Coinbase International AAVE-PERP-INTX+0.0296%1h146.08+0.192%$786K$3.1M50xas long as short