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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: Aevo against ApeX Omni−0.038%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.038%, 7d avg 0.000%
Together, before fees+0.167%+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.038% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of 0.000%). If the spread goes back, that is −$4 on $10k: about 6.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 3 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT146.030.0067pay 0.0008% / 1h35m 25s$136K$230K50x
ShortAevo AAVE-PERP145.970.0088get 0.0011% / 1h35m 25s$123K$14610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
$4.44
Price spread: −0.038% → 0.000%
−$3.8
Slippage, 4 orders
−$96.69
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$122.05
Costs to cover
1.227%
Break-even
199.6 days
Slippage from ApeX Omni: live order book, 36 min ago; Aevo: live order book, 38 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 ApeX Omni live order book, 36 min ago5.14 bp13.3 bp −$13114.3 bp −$1,143doesn't fitdoesn't fit
Sell Aevo live order book, 38 min ago33.86 bp47.7 bp −$48277.6 bp −$2,776doesn'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
Kraken Futures PF_AAVEUSD−0.0184%1h146.09+0.043%$3.5M$2.1M50xas long as short
01 Exchange AAVEUSD−0.0136%1h145.78−0.171%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0106%1h145.97−0.041%$5K$305K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0024%1h146.01−0.014%$255K$369K50xas long as short
dYdX AAVE-USD0.0000%1h145.91−0.083%$104K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h146.00−0.021%$77K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h145.87−0.110%$5K$102K10xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.93−0.067%$71K150xas long as short
Binance AAVEUSDT+0.0021%8h145.84−0.130%$66.1M$185.5M75xas long as short
MEXC AAVE_USDT+0.0022%8h145.80−0.158%$29.1M$25.8M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AAVE/USDC PERP+0.0033%1h136.96−6.211%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h145.77−0.176%20xas long as short
Orderly PERP_AAVE_USDC+0.0047%8h145.95−0.055%$18K$10K10xas long as short
Gate AAVE_USDT+0.0056%8h145.86−0.116%$7.9M$15.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h145.96−0.048%$17.9M$66.9M50xas long as short
ApeX Omni AAVEUSDTlong+0.0067%1h146.03long leg$136K$230K50x
Bybit AAVEUSDT+0.0069%8h145.96−0.048%$62.4M$65.4M75xas long as short
GRVT AAVE_USDT_Perp+0.0069%8h145.92−0.075%$462K$3.9M10xas long as short
Phemex AAVEUSDT+0.0072%8h145.88−0.103%$4.1M$3.8M50xas long as short
Aevo AAVE-PERPshort+0.0088%1h145.97−0.038%$123K$14610x
BloFin AAVE-USDT+0.0088%8h146.01−0.014%$3.5M$4.1M100xas long as short
Lighter AAVE+0.0096%1h146.01−0.013%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.85−0.121%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.79−0.164%$797K$445K10xas long as short
Hyperliquid AAVE+0.0100%1h145.91−0.082%$79.6M$35.3M10xas long as short
Aster AAVEUSDT+0.0100%8h145.95−0.052%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.86−0.116%$333K$503K10xas long as short
Arcus AAVE-USD+0.0100%1h145.83−0.137%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h145.72−0.212%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.79−0.164%$10.0M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.91−0.082%$30.3M$18.1M75xas long as short
BingX AAVE-USDT+0.0100%8h145.94−0.062%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.00−0.021%$333K$741K10xas long as short
Variational Omni AAVE+0.0100%8h145.87−0.108%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.87−0.108%$105K$317K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.87−0.110%$128K$427K10xas long as short
SunX AAVE-USDT+0.0100%8h145.81−0.154%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.12+0.064%$709K$5.2M75xas long as short
Extended AAVE-USD+0.0104%1h145.93−0.068%$932K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h145.86−0.119%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0233% / S −0.0363%1h145.92−0.074%$127K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h146.14+0.075%$786K$3.1M50xas long as short