Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.007%

Price spread now: ApeX Omni against Bitget+0.281%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.281%, 7d avg +0.033%

Together, before fees−0.135%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.247% dearer against Bitget than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of +0.033%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	146.06	0.0100	pay 0.0100% / 8h	7h 07m	$30.3M	$18.0M	75x
Short	ApeX Omni AAVEUSDT	146.47	0.0065	get 0.0008% / 1h	7m 24s	$136K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.281%Rate

Funding earned: −$7.27
Price spread: +0.281% → +0.033%: $24.73
Slippage, 4 orders: −$25.86
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.41
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 64 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 Bitget live order book, 1 min ago	1.03 bp	10.0 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 min ago	5.14 bp	13.3 bp −$13	67.4 bp −$674	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.36	+0.208%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0144%	1h	146.09	+0.021%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0056%	1h	146.27	+0.144%	$5K	$302K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.088%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	+0.068%	$70K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.51	+0.308%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.164%	$255K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.11	+0.036%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0025%	8h	146.10	+0.027%	$28.6M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0026%	8h	146.14	+0.053%	$66.2M	$183.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.230%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	146.27	+0.144%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.013%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0051%	8h	146.21	+0.103%	$4.2M	$3.8M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.08	+0.014%	$17.9M	$66.1M	50x	as long as short
ApeX Omni AAVEUSDTshort	+0.0065%	1h	146.47	+0.281%	$136K	$231K	50x
Aevo AAVE-PERP	+0.0088%	1h	146.33	+0.185%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.39	+0.227%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0099%	8h	146.54	+0.329%	$3.5M	$3.5M	100x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.23	+0.118%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.17	+0.075%	$799K	$422K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.22	+0.110%	$79.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.26	+0.137%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.21	+0.103%	$334K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.14	+0.055%	$62.6M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.17	+0.075%	$46K	$275K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.18	+0.082%	$7.9M	$15.3M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.14	+0.055%	$11.0M	$9.1M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	146.06	long leg	$30.3M	$18.0M	75x
BingX AAVE-USDC	+0.0100%	8h	146.07	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.22	+0.110%	$334K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	+0.144%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.47	+0.284%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.52	+0.315%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.16	+0.068%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.28	+0.153%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.39	+0.227%	$711K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.151%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.15	+0.059%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.20	+0.094%	$185K	$245K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.34	+0.191%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.246%	$784K	$2.9M	50x	as long as short