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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h −0.045%
Price spread now: Kraken Futures against ApeX Omni+0.190%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$560.560% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.165%−$17 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.190%, 7d avg +0.024%
Together, before fees−0.168%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.166% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT142.710.0100pay 0.0013% / 1h24m 50s$133K$220K50x
ShortKraken Futures PF_AAVEUSD142.980.0324get 0.0040% / 1h24m 50s$3.4M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$46.96
Price spread: +0.190% → +0.024%
$16.57
Slippage, 4 orders
−$35.98
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$7.55
Costs to cover
0.560%
Break-even
5.9 days
Slippage from ApeX Omni: live order book, 31 min ago; Kraken Futures: live order book, 4 min ago.

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 ago4.92 bp13.7 bp −$1497.6 bp −$976doesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago5.26 bp13.5 bp −$1318.9 bp −$189140.3 bp −$14.0Kdoesn't fit

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
01 Exchange AAVEUSD−0.0152%1h142.76+0.035%$10K$2K5xas long as short
dYdX AAVE-USD0.0000%1h142.89+0.128%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h142.92+0.147%$46K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h142.89+0.126%$219K$401K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h142.87+0.113%$80K150xas long as short
Nado AAVE-PERP+0.0010%1h142.77+0.042%$841K$446K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.029%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h142.85+0.098%20xas long as short
Orderly PERP_AAVE_USDC+0.0048%8h142.86+0.105%$18K$10K10xas long as short
Phoenix AAVE+0.0056%1h143.03+0.224%$4K$102K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h142.97+0.179%$4.5M$2.0M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h142.66−0.035%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h143.02+0.217%$77.0M$35.5M10xas long as short
Aster AAVEUSDT+0.0100%8h142.89+0.129%$1.2M$1.3M50xas long as short
Pacifica AAVE+0.0100%1h142.71−0.001%$327K$448K10xas long as short
Binance AAVEUSDT+0.0100%8h142.86+0.105%$63.9M$186.4M75xas long as short
Bybit AAVEUSDT+0.0100%8h142.80+0.063%$61.1M$67.1M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h142.92+0.147%$17.1M$64.2M50xas long as short
Arcus AAVE-USD+0.0100%1h142.87+0.112%$64K$205K10xas long as short
Bulk AAVE-USD+0.0100%1h141.50−0.851%$57K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h142.92+0.147%$8.1M$15.9M75xas long as short
MEXC AAVE_USDT+0.0100%8h142.90+0.133%$25.2M$23.8M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h142.90+0.133%$10.5M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h142.81+0.070%$29.0M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h142.88+0.119%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h142.91+0.140%$336K$719K10xas long as short
Variational Omni AAVE+0.0100%8h142.60−0.078%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h142.62−0.066%$103K$278K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h142.67−0.029%$459K$3.8M10xas long as short
ApeX Omni AAVEUSDTlong+0.0100%1h142.71long leg$133K$220K50x
Polymarket Perps AAVE-USD+0.0100%1h142.92+0.147%$125K$386K10xas long as short
SunX AAVE-USDT+0.0100%8h142.82+0.080%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h142.88+0.119%$5K$292K10xas long as short
HTX AAVE-USDT+0.0100%8h142.95+0.171%$688K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h142.77+0.042%$4.0M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h142.85+0.096%$896K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h142.90+0.134%$121K$14610xas long as short
RISEx AAVE/USDC+0.0136%1h142.85+0.100%$178K$242K10xas long as short
BloFin AAVE-USDT+0.0220%8h142.80+0.063%$3.3M$3.6M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h142.87+0.114%$112K100xas long as short
Kraken Futures PF_AAVEUSDshort+0.0324%1h142.98+0.190%$3.4M$2.1M50x
Coinbase International AAVE-PERP-INTX+0.0336%1h142.95+0.168%$793K$2.8M50xas long as short