Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h +0.011%

Price spread now: ApeX Omni against Bybit+0.243%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

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

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.243%, 7d avg +0.038%

Together, before fees+0.357%+$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.205% dearer against Bybit than usual: you sell high and buy low (spread +0.243% now, against its 7-day average of +0.038%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	144.12	0.0100	pay 0.0100% / 8h	6h 45m	$61.7M	$65.3M	75x
Short	ApeX Omni AAVEUSDT	144.47	−0.0009	pay 0.0001% / 1h	45m 09s	$134K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.243%Rate

Funding earned: −$22.92
Price spread: +0.243% → +0.038%: $20.49
Slippage, 4 orders: −$26.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.31
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 21 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 Bybit live order book, 4 min ago	0.35 bp	8.2 bp −$8	15.2 bp −$152	64.3 bp −$6,431	doesn't fit
Sell ApeX Omni live order book, 21 min ago	7.22 bp	14.7 bp −$15	107.7 bp −$1,077	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	−0.1346%	1h	143.86	−0.180%	$250K	$362K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.20	+0.055%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.20	+0.056%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDTshort	−0.0009%	1h	144.47	+0.243%	$134K	$230K	50x
dYdX AAVE-USD	0.0000%	1h	144.20	+0.052%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.11	−0.007%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.10	−0.012%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.389%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.968%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	144.11	−0.007%	$27.5M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0042%	8h	144.12	0.000%	$65.1M	$185.1M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.06	−0.042%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.05	−0.046%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	144.14	+0.014%	$17.4M	$66.0M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.09	−0.022%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.25	+0.090%	$184K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.28	+0.110%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.27	+0.102%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.21	+0.066%	$798K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.25	+0.090%	$78.4M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.15	+0.018%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.25	+0.090%	$329K	$435K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	144.12	long leg	$61.7M	$65.3M	75x
Arcus AAVE-USD	+0.0100%	1h	144.23	+0.076%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.222%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.15	+0.021%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.14	+0.014%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.11	−0.007%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.15	+0.021%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.20	+0.056%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.113%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.177%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	+0.293%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.20	+0.056%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.27	+0.102%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.08	−0.028%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.28	+0.109%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.16	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.04	−0.057%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.284%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.10	−0.015%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.55	+0.298%	$775K	$2.8M	50x	as long as short