Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: ApeX Omni against Arcus+0.028%53s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.471% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now +0.028%, 7d avg −0.005%

Together, before fees+0.161%+$16 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: ApeX Omni is 0.033% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 53 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	Arcus AAVE-USD	141.16	0.0100	pay 0.0013% / 1h	36m 01s	$94K	$224K	10x
Short	ApeX Omni AAVEUSDT	141.20	0.0100	get 0.0013% / 1h	36m 01s	$131K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.005%: $3.29
Slippage, 4 orders: −$32.63
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.84
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Arcus: live order book, 62 min ago; ApeX Omni: live order book, 60 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 Arcus live order book, 62 min ago	2.12 bp	8.6 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	7.08 bp	15.1 bp −$15	98.5 bp −$985	doesn't fit	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	−0.0033%	1h	141.11	−0.035%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.09	−0.047%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.11	−0.035%	$53K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.06	−0.071%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.975%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.07	−0.065%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0088%	8h	141.04	−0.085%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.99	−0.120%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.269%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.98	−0.130%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.01	−0.103%	$825K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.28	+0.085%	$77.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.16	+0.002%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.06	−0.069%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.12	−0.025%	$63.4M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.11	−0.035%	$60.9M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.13	−0.021%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	141.16	long leg	$94K	$224K	10x
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.005%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.13	−0.021%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.10	−0.043%	$22.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.10	−0.043%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.11	−0.035%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.13	−0.021%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	+0.001%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.14	−0.012%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	+0.021%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	141.20	+0.028%	$131K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	141.00	−0.113%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.99	−0.124%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.09	−0.050%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.01	−0.103%	$663K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.11	−0.035%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.07	−0.065%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.10	−0.044%	$119K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0174%	1h	141.27	+0.078%	$384K	$732K	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.31	+0.103%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.02	−0.099%	$751K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.035%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.06	−0.071%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.18	+0.016%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.06	−0.069%	$110K	—	100x	as long as short