Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h −0.023%

Price spread now: Variational Omni against ApeX Omni+0.254%7-day average −0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.254%, 7d avg −0.038%

Together, before fees−0.440%+ Points / potential airdropVariational Omni: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.292% dearer against ApeX Omni than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.038%. Mind the row above: over the last 3 days funding on this pair cost −0.062%, 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	142.29	0.0065	pay 0.0008% / 1h	52m 54s	$132K	$219K	50x
Short	Variational Omni AAVE	142.65	0.0100	get 0.0100% / 8h	4h 52m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.254%Rate

Funding earned: $7.41
Price spread: +0.254% → −0.038%: $29.19
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 3 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 3 min ago	4.92 bp	13.7 bp −$14	97.6 bp −$976	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.09 bp	doesn't fit	13.3 bp −$133	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
01 Exchange AAVEUSD	−0.0136%	1h	142.48	+0.134%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	142.57	+0.197%	$5K	$297K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.65	+0.254%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.55	+0.183%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.59	+0.211%	$224K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.55	+0.184%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.746%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.48	+0.131%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.56	+0.190%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0055%	1h	142.50	+0.151%	$835K	$438K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.67	+0.267%	$4K	$102K	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0065%	1h	142.29	long leg	$132K	$219K	50x
Lighter AAVE	+0.0096%	1h	142.59	+0.213%	$4.5M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.53	+0.170%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.65	+0.253%	$77.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.62	+0.229%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.58	+0.206%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.49	+0.141%	$63.9M	$184.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.46	+0.119%	$61.1M	$65.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.47	+0.127%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.51	+0.155%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.54	+0.176%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.48	+0.134%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.47	+0.127%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.37	+0.056%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.44	+0.105%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.62	+0.232%	$347K	$707K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	142.65	+0.254%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	142.46	+0.117%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.099%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.54	+0.176%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.50	+0.150%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.64	+0.245%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.49	+0.141%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.272%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.45	+0.114%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.60	+0.216%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.56	+0.189%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.49	+0.141%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.54	+0.175%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.62	+0.232%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.372%	$774K	$2.8M	50x	as long as short