Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%

Price spread now: ApeX Omni against SoDEX−0.399%74s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.367% of the position

Long on SoDEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.399%, 7d avg +0.021%

Together, before fees+0.356%+$36 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 0.420% cheaper against SoDEX than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 74 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	SoDEX AAVE-USD	142.84	0.0100	pay 0.0013% / 1h	35m 34s	$5K	$312K	10x
Short	ApeX Omni AAVEUSDT	142.27	0.0100	get 0.0013% / 1h	35m 34s	$132K	$222K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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 SoDEXbpFee ApeX OmnibpOrdersPrice spread, now −0.399%Rate

Funding earned: $0
Price spread: −0.399% → +0.021%: −$42.01
Slippage, 4 orders: −$18.69
Fee SoDEX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78.7
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from SoDEX: live order book, 13 min ago; ApeX Omni: live order book, 11 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 SoDEX live order book, 13 min ago	0.35 bp	5.1 bp −$5	9.8 bp −$98	99.7 bp −$9,968	doesn't fit
Sell ApeX Omni live order book, 11 min ago	4.90 bp	12.7 bp −$13	102.1 bp −$1,021	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
Nado AAVE-PERP	−0.0005%	1h	142.87	+0.021%	$832K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.08	+0.168%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.78	−0.042%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.84	0.000%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.83	−0.008%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.116%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.75	−0.061%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0062%	8h	142.91	+0.049%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	142.82	−0.014%	$18K	$10K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	143.22	+0.266%	$10K	$2K	5x	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	143.15	+0.220%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.20	+0.253%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.18	+0.239%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.20	+0.252%	$63.9M	$189.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.16	+0.224%	$61.4M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.15	+0.217%	$17.1M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.25	+0.287%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.222%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.18	+0.238%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.16	+0.224%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.17	+0.231%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.12	+0.196%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.15	+0.217%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	−0.040%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.65	−0.134%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	−0.084%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.27	−0.399%	$132K	$222K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.93	+0.063%	$135K	$460K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.88	+0.030%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	142.84	long leg	$5K	$312K	10x
HTX AAVE-USDT	+0.0100%	8h	143.18	+0.239%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.12	+0.194%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.84	−0.001%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0111%	1h	143.27	+0.301%	$78.3M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.58	−0.182%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0137%	1h	143.09	+0.175%	$336K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.21	+0.260%	$188K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.73	−0.077%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.95	+0.076%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.80	−0.025%	$112K	—	100x	as long as short
Lighter AAVE	+0.0328%	1h	143.34	+0.351%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.93	+0.063%	$777K	$2.8M	50x	as long as short