Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.013%

Price spread now: ApeX Omni against Binance+0.244%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.244%, 7d avg +0.012%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and ApeX Omni is 0.232% dearer against Binance than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	143.27	0.0046	pay 0.0046% / 8h	2h 02m	$65.1M	$185.3M	75x
Short	ApeX Omni AAVEUSDT	143.62	0.0058	get 0.0007% / 1h	2m 49s	$134K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.244%Rate

Funding earned: $2.58
Price spread: +0.244% → +0.012%: $23.18
Slippage, 4 orders: −$23.85
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.09
Costs to cover: 0.439%
Break-even: 56.0 days

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 18 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 Binance live order book, 11 min ago	0.35 bp	6.9 bp −$7	16.2 bp −$162	54.4 bp −$5,439	doesn't fit
Sell ApeX Omni live order book, 18 min ago	6.59 bp	14.8 bp −$15	109.6 bp −$1,096	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
Deribit AAVE_USDC-PERPETUAL	−0.0448%	1h	143.23	−0.028%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0151%	1h	143.19	−0.056%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	143.10	−0.119%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.24	−0.021%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.32	+0.036%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.24	−0.021%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.27	+0.003%	$69K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.31	+0.027%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.404%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.17	−0.071%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0045%	8h	143.31	+0.028%	$30.7M	$26.5M	200x	as long as short
Binance AAVEUSDTlong	+0.0046%	8h	143.27	long leg	$65.1M	$185.3M	75x
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.20	−0.049%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	143.33	+0.042%	$17.3M	$65.8M	50x	as long as short
ApeX Omni AAVEUSDTshort	+0.0058%	1h	143.62	+0.244%	$134K	$229K	50x
Gate AAVE_USDT	+0.0060%	8h	143.26	−0.007%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.492%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	143.60	+0.231%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.40	+0.089%	$4.6M	$1.7M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.22	−0.033%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.22	−0.038%	$178K	$247K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.18	−0.061%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.09	−0.122%	$792K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.40	+0.091%	$78.7M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.33	+0.041%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.14	−0.094%	$326K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.30	+0.021%	$60.8M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.19	−0.056%	$50K	$274K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.28	+0.007%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.31	+0.028%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.29	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.33	+0.042%	$379K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	+0.076%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.50	+0.158%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.24	−0.021%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.18	−0.066%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.22	−0.034%	$712K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.28	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.25	−0.013%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0166%	8h	143.17	−0.070%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.44	+0.119%	$769K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.28	+0.008%	$123K	—	100x	as long as short