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+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against ApeX Omni+0.281%78s7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.387% of the position
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)−0.241%−$24 · spread now +0.281%, 7d avg +0.108%
Together, before fees−0.230%+ Points / potential airdropLighter: Season 3 · farm board−$23 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 Lighter is 0.173% 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 +0.108%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT145.800.0049pay 0.0006% / 1h40m 16s$136K$230K50x
ShortLighter AAVE146.210.0096get 0.0012% / 1h40m 16s$4.7M$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$9.81
Price spread: +0.281% → +0.108%
$17.3
Slippage, 4 orders
−$28.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$11.55
Costs to cover
0.387%
Break-even
15.2 days
Slippage from ApeX Omni: live order book, 31 min ago; Lighter: live order book, 2 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 ago5.14 bp13.3 bp −$13114.3 bp −$1,143doesn't fitdoesn't fit
Sell Lighter live order book, 2 min ago2.26 bp9.2 bp −$923.9 bp −$23961.5 bp −$6,155doesn'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
Kraken Futures PF_AAVEUSD−0.0184%1h146.12+0.221%$3.5M$2.1M50xas long as short
01 Exchange AAVEUSD−0.0128%1h145.96+0.110%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0081%1h145.96+0.110%$5K$305K10xas long as short
Phemex AAVEUSDT−0.0046%8h145.97+0.117%$4.1M$3.8M50xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0024%1h146.01+0.144%$255K$373K50xas long as short
dYdX AAVE-USD0.0000%1h146.08+0.195%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.800.000%$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%1h146.09+0.199%$71K150xas long as short
MEXC AAVE_USDT+0.0024%8h145.99+0.130%$29.3M$25.7M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0024%8h145.98+0.123%$66.1M$186.8M75xas 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%8h146.00+0.137%$7.9M$15.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h145.97+0.117%$17.9M$67.2M50xas long as short
Aevo AAVE-PERP+0.0088%1h146.00+0.136%$123K$14610xas long as short
Lighter AAVEshort+0.0096%1h146.21+0.281%$4.7M$1.5M10x
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%1h146.10+0.206%$79.7M$35.5M10xas long as short
Aster AAVEUSDT+0.0100%8h146.08+0.194%$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%8h145.97+0.117%$10.0M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.02+0.151%$30.3M$18.2M75xas long as short
BingX AAVE-USDC+0.0100%8h145.99+0.130%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.11+0.213%$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%8h145.98+0.126%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.12+0.219%$698K$5.1M75xas long as short
Extended AAVE-USD+0.0104%1h145.92+0.086%$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]L +0.0269% / S −0.0449%1h146.07+0.187%$128K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h146.08+0.192%$786K$3.1M50xas long as short