Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Bybit against ApeX Omni−0.568%79s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as 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−$430.428% of the position

Long on ApeX Omni Short on Bybit

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)+0.296%+$30 · spread now −0.568%, 7d avg −0.037%

Together, before fees+0.182%+$18 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: Bybit is 0.531% cheaper against ApeX Omni than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 79 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	ApeX Omni AAVEUSDT	144.40	0.0100	pay 0.0013% / 1h	12m 08s	$134K	$219K	50x
Short	Bybit AAVEUSDT	143.58	0.0100	get 0.0100% / 8h	5h 12m	$61.3M	$64.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.568%Rate

Funding earned: $0
Price spread: −0.568% → −0.037%: −$53.12
Slippage, 4 orders: −$21.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.93
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 49 min ago	4.85 bp	13.0 bp −$13	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.35 bp	9.0 bp −$9	16.5 bp −$165	62.9 bp −$6,285	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
Deribit AAVE_USDC-PERPETUAL	−0.0376%	1h	143.61	−0.547%	$228K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.71	−0.478%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.74	−0.460%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.478%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.73	−0.462%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.152%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	−0.523%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.66	−0.512%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.78	−0.429%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	−0.229%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.77	−0.435%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	−0.450%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	−0.471%	$77.7M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	−0.434%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.79	−0.423%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.57	−0.575%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	143.58	−0.568%	$61.3M	$64.1M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.59	−0.561%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.75	−0.450%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.225%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	−0.561%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.60	−0.554%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.64	−0.526%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	−0.519%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.59	−0.561%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	−0.519%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.085%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	−0.039%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	−0.007%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	144.40	long leg	$134K	$219K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.74	−0.457%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.74	−0.456%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	−0.533%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.76	−0.443%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.67	−0.506%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.62	−0.542%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.69	−0.488%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.78	−0.430%	$186K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	−0.381%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	−0.470%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.72	−0.472%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	−0.263%	$783K	$2.8M	50x	as long as short