Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: ApeX Omni against Bitget−0.146%83s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$500.502% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.654%+$65 · spread now −0.146%, 7d avg +0.035%

Together, before fees+0.701%+$70 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: ApeX Omni is 0.180% cheaper against Bitget than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 83 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	Bitget AAVEUSDT	144.19	0.0100	pay 0.0100% / 8h	6h 32m	$30.0M	$18.0M	75x
Short	ApeX Omni AAVEUSDT	143.98	0.0100	get 0.0013% / 1h	32m 15s	$134K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → +0.035%: −$18.02
Slippage, 4 orders: −$28.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$68.19
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 34 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 Bitget live order book, 2 min ago	0.70 bp	9.6 bp −$10	17.7 bp −$177	60.7 bp −$6,068	doesn't fit
Sell ApeX Omni live order book, 34 min ago	7.22 bp	14.7 bp −$15	107.7 bp −$1,077	doesn't fit	doesn't fit

AAVE on 41 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	−0.0513%	1h	144.09	−0.069%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.21	+0.014%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.23	+0.029%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	+0.034%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.08	−0.076%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	+0.037%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.125%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.014%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.24	+0.035%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.24	+0.033%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.15	−0.028%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	144.18	−0.009%	$65.0M	$185.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.12	−0.049%	$17.4M	$65.6M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.27	+0.055%	$186K	$230K	10x	as long as short
Gate AAVE_USDT	+0.0092%	8h	144.17	−0.014%	$7.7M	$15.1M	75x	as long as short
SoDEX AAVE-USD	+0.0092%	1h	144.13	−0.042%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.31	+0.085%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.24	+0.038%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	−0.030%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.15	−0.028%	$802K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.24	+0.035%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.32	+0.087%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.18	−0.007%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.11	−0.055%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.23	+0.028%	$45K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.481%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.20	+0.007%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	144.19	long leg	$30.0M	$18.0M	75x
BingX AAVE-USDT	+0.0100%	8h	144.17	−0.014%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.24	+0.035%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.206%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.196%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	−0.162%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	143.98	−0.146%	$134K	$230K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.076%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	+0.004%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.251%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.12	−0.049%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.13	−0.039%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0236% / S −0.0359%	1h	144.27	+0.058%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.069%	$773K	$2.8M	50x	as long as short