Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: ApeX Omni against Bybit−0.217%89s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$430.433% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.474%+$47 · spread now −0.217%, 7d avg +0.035%

Together, before fees+0.588%+$59 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 0.252% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 89 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	Bybit AAVEUSDT	143.00	0.0100	pay 0.0100% / 8h	4h 02m	$61.4M	$67.4M	75x
Short	ApeX Omni AAVEUSDT	142.69	0.0100	get 0.0013% / 1h	2m 00s	$133K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.217%Rate

Funding earned: $0
Price spread: −0.217% → +0.035%: −$25.17
Slippage, 4 orders: −$22.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$68.43
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 54 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 Bybit live order book, 2 min ago	0.35 bp	9.0 bp −$9	15.1 bp −$151	53.2 bp −$5,324	doesn't fit
Sell ApeX Omni live order book, 54 min ago	4.92 bp	12.6 bp −$13	85.6 bp −$856	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	143.00	0.000%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.04	+0.030%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.99	−0.007%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.10	+0.070%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.04	+0.029%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.99	−0.003%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.224%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.96	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.05	+0.035%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	−0.189%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0085%	1h	143.09	+0.063%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0087%	8h	143.02	+0.014%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.18	+0.127%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	−0.008%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.19	+0.136%	$78.0M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.10	+0.067%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.99	−0.004%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.02	+0.012%	$63.8M	$186.9M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	143.00	long leg	$61.4M	$67.4M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.98	−0.014%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.07	+0.049%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.329%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.08	+0.056%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.02	+0.014%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.08	+0.056%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.95	−0.035%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.06	+0.042%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.15	+0.105%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.189%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.266%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.088%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.69	−0.217%	$133K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	+0.028%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.95	−0.036%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	+0.130%	$689K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.03	+0.021%	$897K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.11	+0.076%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.02	+0.017%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	0.000%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.03	+0.020%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.20	+0.136%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	−0.056%	$793K	$2.8M	50x	as long as short