Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Pacifica against ApeX Omni+0.136%51s7-day average −0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.136%, 7d avg −0.004%

Together, before fees−0.245%+ Points / potential airdropPacifica: Active · farm board−$25 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: Pacifica is 0.139% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	146.11	0.0100	pay 0.0013% / 1h	32m 26s	$136K	$229K	50x
Short	Pacifica AAVE	146.31	0.0100	get 0.0013% / 1h	32m 26s	$334K	$504K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → −0.004%: $13.91
Slippage, 4 orders: −$28.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.51
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Pacifica: live order book, 46 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, 44 min ago	6.90 bp	14.3 bp −$14	93.3 bp −$933	doesn't fit	doesn't fit
Sell Pacifica live order book, 46 min ago	2.41 bp	7.2 bp −$7	doesn't fit	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
SoDEX AAVE-USD	−0.0066%	1h	146.27	+0.110%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.055%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.30	+0.130%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.26	+0.103%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	+0.034%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.32	+0.144%	$256K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.36	+0.170%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.26	+0.105%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.262%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0039%	8h	146.23	+0.082%	$30.5M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	146.21	+0.067%	$66.7M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.17	+0.039%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.20	+0.062%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.20	+0.062%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	146.25	+0.096%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.23	+0.082%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.50	+0.265%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	+0.126%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.18	+0.048%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.38	+0.185%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.30	+0.131%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	146.31	+0.136%	$334K	$504K	10x
Bybit AAVEUSDT	+0.0100%	8h	146.24	+0.089%	$62.4M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.130%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.157%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.24	+0.089%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.14	+0.021%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.26	+0.103%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.39	+0.192%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	+0.012%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.293%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.287%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	146.11	long leg	$136K	$229K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.144%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	+0.042%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.27	+0.108%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.28	+0.116%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.24	+0.089%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.34	+0.160%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	+0.103%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.26	+0.101%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.38	+0.185%	$789K	$3.0M	50x	as long as short