AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.291%

Price spread now: ApeX Omni against Deribit+0.197%46s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as 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−$420.416% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.497%+$50 on $10k

Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.197%, 7d avg +0.028%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.169% dearer against Deribit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 46 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	Deribit AAVE_USDC-PERPETUAL	142.17	0	get 0.0000% / 1h	37m 32s	$216K	$396K	50x
Short	ApeX Omni AAVEUSDT	142.45	0.0100	get 0.0013% / 1h	37m 32s	$132K	$222K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.197%Rate

Funding earned: $21
Price spread: +0.197% → +0.028%: $16.94
Slippage, 4 orders: −$24.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$3.67
Costs to cover: 0.416%
Break-even: 8.2 days

Slippage from Deribit: live order book, 1 min ago; ApeX Omni: live order book, 4 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 Deribit live order book, 1 min ago	4.93 bp	8.4 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	4.92 bp	12.4 bp −$12	95.7 bp −$957	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
dYdX AAVE-USD	0.0000%	1h	142.26	+0.061%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.17	0.000%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.0000%	1h	142.17	long leg	$216K	$396K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.16	−0.004%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.665%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.21	+0.030%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0064%	1h	142.24	+0.046%	$823K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	142.13	−0.028%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.23	+0.042%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.33	+0.110%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.19	+0.012%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.29	+0.084%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	+0.045%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.24	+0.051%	$64.0M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.22	+0.035%	$61.2M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.25	+0.056%	$17.0M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.35	+0.127%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.22	+0.035%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.25	+0.056%	$24.8M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.22	+0.035%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.22	+0.035%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.24	+0.049%	—	$43.4M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.25	+0.056%	$374K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.40	+0.162%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.018%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.48	+0.217%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.45	+0.197%	$132K	$222K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.31	+0.098%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.13	−0.029%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.16	−0.007%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.31	+0.102%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.19	+0.014%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.130%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.19	+0.017%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.18	+0.010%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.31	+0.098%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0163%	1h	142.42	+0.176%	$77.9M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.20	+0.021%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	+0.057%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.32	+0.107%	$194K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.32	+0.106%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.24	+0.049%	$3.4M	$2.1M	50x	as long as short