Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.057%
Price spread now: ApeX Omni against Kraken Futures+0.138%75s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.558% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 3 days (all we have)−0.432%−$43 · spread now +0.138%, 7d avg −0.021%
Together, before fees−0.262%−$26 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 0.158% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_AAVEUSD145.880.0002pay 0.0000% / 1h40m 09s$3.5M$2.1M50x
ShortApeX Omni AAVEUSDT146.080.0100get 0.0013% / 1h40m 09s$136K$229K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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

Funding earned
$20.52
Price spread: +0.138% → −0.021%
$15.84
Slippage, 4 orders
−$35.76
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$19.39
Costs to cover
0.558%
Break-even
13.6 days
Slippage from Kraken Futures: live order book, 4 min ago; ApeX Omni: live order book, 36 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago4.11 bp12.6 bp −$1318.8 bp −$188doesn't fitdoesn't fit
Sell ApeX Omni live order book, 36 min ago6.90 bp15.4 bp −$15107.2 bp −$1,072doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0093%1h145.80−0.054%$255K$406K50xas long as short
SoDEX AAVE-USD−0.0051%1h145.77−0.075%$5K$298K10xas long as short
Phoenix AAVE−0.0027%1h146.19+0.213%$5K$99K10xas long as short
dYdX AAVE-USD0.0000%1h145.90+0.014%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.71−0.116%$84K$1.5M3.4xas long as short
Kraken Futures PF_AAVEUSDlong+0.0002%1h145.88long leg$3.5M$2.1M50x
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.84−0.027%$71K150xas long as short
01 Exchange AAVEUSD+0.0008%1h145.83−0.034%$11K$2K5xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.114%$422$51K12xas long as short
Binance AAVEUSDT+0.0042%8h145.76−0.081%$66.4M$185.7M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AAVE_USDT+0.0043%8h145.75−0.088%$30.6M$25.8M200xas long as short
Reya AAVERUSDPERP+0.0044%1h145.74−0.094%20xas long as short
Orderly PERP_AAVE_USDC+0.0051%8h145.76−0.082%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0070%8h145.76−0.082%$17.8M$67.4M50xas long as short
Gate AAVE_USDT+0.0076%8h145.76−0.082%$7.9M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.82−0.040%$123K$14610xas long as short
Lighter AAVE+0.0096%1h146.00+0.080%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.74−0.095%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.78−0.068%$802K$441K10xas long as short
Aster AAVEUSDT+0.0100%8h145.87−0.008%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.79−0.061%$333K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.77−0.075%$62.2M$66.1M75xas long as short
Arcus AAVE-USD+0.0100%1h145.81−0.047%$51K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h145.88+0.001%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.79−0.061%$10.0M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.73−0.102%$30.4M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h145.75−0.088%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.87−0.006%$358K$737K10xas long as short
Variational Omni AAVE+0.0100%8h145.91+0.019%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h146.06+0.127%$105K$318K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.02+0.097%$461K$3.8M10xas long as short
ApeX Omni AAVEUSDTshort+0.0100%1h146.08+0.138%$136K$229K50x
Polymarket Perps AAVE-USD+0.0100%1h145.84−0.027%$127K$457K10xas long as short
SunX AAVE-USDT+0.0100%8h145.77−0.073%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.91+0.021%$698K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.80−0.054%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.74−0.092%$940K$1.7M50xas long as short
RISEx AAVE/USDC+0.0106%1h145.84−0.025%$186K$246K10xas long as short
Hyperliquid AAVE+0.0111%1h145.92+0.028%$80.5M$34.6M10xas long as short
BloFin AAVE-USDT+0.0164%8h145.86−0.013%$3.5M$4.0M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h145.84−0.026%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0280%1h146.23+0.241%$789K$3.0M50xas long as short