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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.082%
Price spread now: GMX against ApeX Omni−0.033%68s7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.129%−$13 on $10k
Price spread, last 4 days (all we have)+0.586%+$59 · spread now −0.033%, 7d avg +0.033%
Together, before fees+0.458%+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.066% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.033%). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 4 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT140.780.0100pay 0.0013% / 1h29m 53s$131K$220K50x
ShortGMX AAVE/USD [AAVE-USDC]140.73L +0.0252% / S −0.0360%get 0.0045% / 1h29m 53s$110K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$54.57
Price spread: −0.033% → +0.033%
−$6.64
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$25.93
Costs to cover
0.220%
Break-even
3.7 days
Slippage unknown: ApeX Omni: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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, 1 min ago4.27 bp14.0 bp −$1498.0 bp −$980doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0176%1h140.66−0.085%$211K$393K50xas long as short
dYdX AAVE-USD0.0000%1h140.70−0.057%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h140.66−0.085%$56K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h140.73−0.038%$78K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−2.713%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h140.64−0.097%20xas long as short
SoDEX AAVE-USD+0.0087%1h140.74−0.028%$5K$299K10xas long as short
01 Exchange AAVEUSD+0.0088%1h140.62−0.114%$10K$2K5xas long as short
Orderly PERP_AAVE_USDC+0.0089%8h140.64−0.099%$17K$8K10xas long as short
Phoenix AAVE+0.0096%1h140.68−0.071%$4K$99K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex AAVE-USD-PERP+0.0100%8h140.55−0.165%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h140.57−0.146%$834K$408K10xas long as short
Hyperliquid AAVE+0.0100%1h140.84+0.043%$76.9M$37.1M10xas long as short
Aster AAVEUSDT+0.0100%8h140.72−0.043%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h140.57−0.148%$327K$391K10xas long as short
Binance AAVEUSDT+0.0100%8h140.74−0.028%$63.2M$192.1M75xas long as short
Bybit AAVEUSDT+0.0100%8h140.68−0.071%$60.6M$69.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h140.72−0.043%$16.5M$64.4M50xas long as short
Arcus AAVE-USD+0.0100%1h140.71−0.050%$94K$228K10xas long as short
Bulk AAVE-USD+0.0100%1h141.17+0.275%$163K$106K10xas long as short
Gate AAVE_USDT+0.0100%8h140.72−0.043%$8.2M$16.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h140.69−0.064%$22.5M$24.2M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h140.72−0.043%$10.1M$9.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h140.71−0.050%$28.6M$17.9M75xas long as short
BingX AAVE-USDT+0.0100%8h140.69−0.064%$43.6Mas long as short
Variational Omni AAVE+0.0100%8h140.62−0.112%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h140.75−0.021%$108K$284K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.16+0.270%$451K$3.5M10xas long as short
ApeX Omni AAVEUSDTlong+0.0100%1h140.78long leg$131K$220K50x
Polymarket Perps AAVE-USD+0.0100%1h140.72−0.043%$133K$474K10xas long as short
SunX AAVE-USDT+0.0100%8h140.53−0.181%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h140.70−0.059%$662K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h140.72−0.043%$3.9M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h140.65−0.093%$906K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h140.71−0.050%$119K$14610xas long as short
Lighter AAVE+0.0160%1h140.85+0.053%$4.5M$2.5M10xas long as short
Backpack AAVE_USDC_PERP+0.0168%1h140.87+0.064%$384K$736K10xas long as short
Coinbase International AAVE-PERP-INTX+0.0216%1h140.72−0.043%$749K$2.7M50xas long as short
BloFin AAVE-USDT+0.0220%8h140.62−0.114%$3.2M$3.5M100xas long as short
RISEx AAVE/USDC+0.0223%1h140.63−0.107%$171K$300K10xas long as short
Kraken Futures PF_AAVEUSD+0.0250%1h140.73−0.035%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]shortL +0.0252% / S −0.0360%1h140.73−0.033%$110K100x