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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: ApeX Omni against Pacifica−0.574%51s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$440.441% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.717%+$72 · spread now −0.574%, 7d avg +0.002%

Together, before fees+0.743%+ Points / potential airdropPacifica: Active · farm board+$74 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 0.575% cheaper against Pacifica than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 51 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	Pacifica AAVE	142.98	0.0100	pay 0.0013% / 1h	29m 55s	$327K	$448K	10x
Short	ApeX Omni AAVEUSDT	142.16	0.0100	get 0.0013% / 1h	29m 55s	$132K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now −0.574%Rate

Funding earned: $0
Price spread: −0.574% → +0.002%: −$57.55
Slippage, 4 orders: −$26.12
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$101.67
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Pacifica: live order book, 29 min ago; ApeX Omni: live order book, 26 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 Pacifica live order book, 29 min ago	3.86 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 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	−0.0160%	1h	142.99	+0.007%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.97	−0.005%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.67	−0.217%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.08	+0.070%	$221K	$400K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.06	+0.059%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	143.00	+0.014%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.210%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.97	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	143.07	+0.063%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.36	−0.434%	$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	+0.0076%	1h	143.05	+0.049%	$5K	$292K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.15	+0.117%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.01	+0.022%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.29	+0.217%	$77.2M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.13	+0.107%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	142.98	long leg	$327K	$448K	10x
Binance AAVEUSDT	+0.0100%	8h	143.15	+0.117%	$64.0M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.11	+0.091%	$61.2M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.11	+0.091%	$17.1M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.11	+0.091%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−1.039%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.25	+0.189%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.08	+0.070%	$25.2M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.16	+0.126%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.03	+0.035%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.18	+0.140%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.29	+0.217%	$337K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	−0.196%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.50	−1.032%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.979%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.16	−0.574%	$132K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.06	+0.056%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.05	+0.047%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.17	+0.131%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.01	+0.021%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.03	+0.034%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.09	+0.077%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.07	+0.066%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.76	−0.154%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.06	+0.053%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.15	+0.119%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.077%	$793K	$2.8M	50x	as long as short