Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h −0.004%

Price spread now: OKX against ApeX Omni−0.078%7-day average −0.034% · 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−$48as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.078%, 7d avg −0.034%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.044% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.034%). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	141.46	0.0000	get 0.0000% / 1h	51m 09s	$132K	$221K	50x
Short	OKX AAVE-USDT-SWAP	141.35	0.0100	get 0.0100% / 8h	5h 51m	$16.3M	$52.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $21.03
Price spread: −0.078% → −0.034%: −$4.41
Slippage, 4 orders: −$23.14
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.52
Costs to cover: 0.431%
Break-even: 15.8 days

Slippage from ApeX Omni: live order book, 58 min ago; OKX: live order book, 1 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, 58 min ago	5.32 bp	13.3 bp −$13	108.5 bp −$1,085	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.35 bp	7.1 bp −$7	15.8 bp −$158	73.0 bp −$7,298	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0187%	1h	141.31	−0.106%	$7K	$232K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0104%	1h	141.33	−0.092%	$208K	$323K	50x	as long as short
01 Exchange AAVEUSD	−0.0024%	1h	141.35	−0.078%	$10K	$1K	5x	as long as short
ApeX Omni AAVEUSDTlong	0.0000%	1h	141.46	long leg	$132K	$221K	50x
dYdX AAVE-USD	0.0000%	1h	141.38	−0.058%	$102K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.32	−0.099%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.53	+0.050%	$79K	—	150x	as long as short
Bybit AAVEUSDT	+0.0011%	8h	141.31	−0.106%	$61.1M	$59.6M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	141.72	+0.184%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.181%	$422	$51K	12x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0040%	8h	141.31	−0.106%	$3.9M	$3.6M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.26	−0.141%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.27	−0.134%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.52	+0.042%	$4.6M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	+0.148%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.24	−0.154%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.31	−0.103%	$812K	$306K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.47	+0.007%	$77.7M	$27.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.40	−0.042%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.30	−0.113%	$344K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.32	−0.101%	$63.6M	$162.1M	75x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0100%	8h	141.35	−0.078%	$16.3M	$52.4M	50x
Arcus AAVE-USD	+0.0100%	1h	141.45	−0.007%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.35	−0.078%	$8.1M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.33	−0.092%	$21.8M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.32	−0.099%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.32	−0.099%	$29.1M	$15.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.32	−0.099%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.48	+0.014%	$387K	$603K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.47	+0.008%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.72	+0.181%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.38	−0.057%	$133K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.30	−0.110%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.73	+0.190%	$658K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.226%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.25	−0.150%	$913K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.32	−0.102%	$119K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.38	−0.053%	$171K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.28	−0.127%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.290%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.39	−0.047%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0307%	1h	141.38	−0.060%	$3.5M	$1.9M	50x	as long as short