Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.024%

Price spread now: ApeX Omni against BloFin−0.193%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.193%, 7d avg +0.001%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.193% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	145.38	0.0154	pay 0.0154% / 8h	1h 09m	$3.5M	$4.0M	100x
Short	ApeX Omni AAVEUSDT	145.10	0.0100	get 0.0013% / 1h	9m 13s	$135K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.193%Rate

Funding earned: −$11.37
Price spread: −0.193% → +0.001%: −$19.33
Slippage, 4 orders: −$23.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.29
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 7 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 BloFin live order book, 4 min ago	1.03 bp	7.5 bp −$7	11.7 bp −$117	24.4 bp −$2,445	doesn't fit
Sell ApeX Omni live order book, 7 min ago	6.90 bp	15.4 bp −$15	107.2 bp −$1,072	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
01 Exchange AAVEUSD	−0.0128%	1h	145.27	−0.076%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	−0.199%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0026%	1h	145.34	−0.028%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.35	−0.021%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.12	−0.178%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.40	+0.014%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.38	+0.001%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.792%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0037%	8h	145.37	−0.007%	$30.8M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0039%	8h	145.35	−0.024%	$66.3M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.37	−0.010%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.27	−0.076%	$181K	$245K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.32	−0.041%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.44	+0.042%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0058%	8h	145.33	−0.034%	$17.6M	$67.0M	50x	as long as short
Gate AAVE_USDT	+0.0068%	8h	145.35	−0.021%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.38	−0.003%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.55	+0.117%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0099%	8h	145.02	−0.246%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.18	−0.140%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.32	−0.043%	$804K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.48	+0.069%	$80.0M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.40	+0.014%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.20	−0.122%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.37	−0.007%	$62.0M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.22	−0.110%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	−0.174%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.34	−0.028%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.40	+0.014%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.34	−0.028%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.47	+0.062%	$348K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.04	−0.237%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.06	−0.222%	$104K	$315K	20x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	145.10	−0.193%	$135K	$228K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.43	+0.034%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.38	+0.001%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.50	+0.085%	$697K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.35	−0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.30	−0.055%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDTlong	+0.0154%	8h	145.38	long leg	$3.5M	$4.0M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.37	−0.007%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.220%	$787K	$3.0M	50x	as long as short