Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against SunX−0.116%47s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

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

costs, in and out, $10k−$1571.567% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.116%, 7d avg +0.019%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.135% cheaper against SunX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 47 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	SunX AAVE-USDT	140.52	0.0100	pay 0.0100% / 8h	4h 47m	$1K	$1.1M	20x
Short	ApeX Omni AAVEUSDT	140.36	0.0052	get 0.0006% / 1h	47m 24s	$130K	$222K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.116%Rate

Funding earned: −$10.15
Price spread: −0.116% → +0.019%: −$13.46
Slippage, 4 orders: −$138.68
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$180.29
Costs to cover: 1.567%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; ApeX Omni: live order book, 57 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 SunX live order book, 9 min ago	44.90 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 57 min ago	4.95 bp	12.5 bp −$12	106.2 bp −$1,062	doesn't fit	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
Deribit AAVE_USDC-PERPETUAL	−0.0675%	1h	140.46	−0.045%	$209K	$307K	50x	as long as short
SoDEX AAVE-USD	−0.0121%	1h	140.55	+0.019%	$7K	$216K	10x	as long as short
01 Exchange AAVEUSD	−0.0088%	1h	140.69	+0.119%	$10K	$370	5x	as long as short
Bybit AAVEUSDT	−0.0006%	8h	140.62	+0.069%	$60.8M	$59.5M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.62	+0.070%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.46	−0.045%	$47K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.69	+0.120%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.536%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.64	+0.086%	—	—	20x	as long as short
ApeX Omni AAVEUSDTshort	+0.0052%	1h	140.36	−0.116%	$130K	$222K	50x

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAVE	+0.0053%	8h	140.23	−0.210%	$3.6M	$746K	—	as long as short
Orderly PERP_AAVE_USDC	+0.0083%	8h	140.61	+0.062%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	140.77	+0.175%	$4.5M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.33	−0.137%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.62	+0.067%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.56	+0.030%	$818K	$313K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.85	+0.233%	$77.4M	$27.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.80	+0.198%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.60	+0.053%	$343K	$300K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.71	+0.134%	$63.4M	$158.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.63	+0.076%	$16.0M	$51.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.80	+0.197%	$94K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.57	+0.036%	$165K	$20K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.74	+0.154%	$8.2M	$13.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.73	+0.147%	$22.5M	$21.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.70	+0.126%	$10.1M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.69	+0.119%	$29.1M	$16.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.66	+0.097%	—	$34.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.73	+0.147%	$383K	$595K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.16	−0.256%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.34	−0.129%	$443K	$3.0M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.74	+0.154%	$132K	$369K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	140.52	long leg	$1K	$1.1M	20x
HTX AAVE-USDT	+0.0100%	8h	140.73	+0.146%	$634K	$1.4M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.59	+0.048%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.62	+0.071%	$907K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.23	−0.209%	$118K	—	10x	as long as short
RISEx AAVE/USDC	+0.0175%	1h	140.73	+0.147%	$173K	$229K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.07	−0.322%	$3.2M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	140.69	+0.118%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.20	−0.230%	$750K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0336%	1h	140.66	+0.098%	$3.4M	$1.8M	50x	as long as short