Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Variational Omni against Arcus−0.181%50s7-day average −0.030% · you buy dearer than you sell

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.579%+$58 · spread now −0.181%, 7d avg −0.030%

Together, before fees+0.506%+ Points / potential airdropVariational Omni: Active · farm board+$51 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: Variational Omni is 0.151% cheaper against Arcus than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 50 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	143.63	0.0100	pay 0.0013% / 1h	44m 49s	$44K	$181K	10x
Short	Variational Omni AAVE	143.37	0.0100	get 0.0100% / 8h	5h 44m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.030%: −$15.12
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.62
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 18 min ago; Variational Omni: RFQ quote, 4 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 Arcus live order book, 18 min ago	2.42 bp	8.2 bp −$8	24.5 bp −$245	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.07 bp	doesn't fit	16.1 bp −$161	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	−0.0064%	1h	143.60	−0.021%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	−0.058%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	−0.111%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	−0.007%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.54	−0.065%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.644%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	−0.042%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	−0.034%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.104%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.57	−0.042%	$17.2M	$63.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.75	+0.086%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.66	+0.021%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.57	−0.038%	$64.4M	$183.4M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	−0.048%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	−0.087%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.63	0.000%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.100%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.49	−0.100%	$327K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.57	−0.042%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	143.63	long leg	$44K	$181K	10x
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.051%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	−0.028%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.80	+0.118%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.61	−0.014%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.61	−0.014%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.78	+0.104%	$320K	$719K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	143.37	−0.181%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.01	−0.428%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.457%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	−0.230%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	−0.021%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.59	−0.025%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.61	−0.014%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.84	+0.147%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.62	−0.007%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.74	+0.075%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.63	−0.003%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.67	+0.027%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	−0.077%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	−0.065%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.70	+0.046%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.72	+0.063%	$778K	$2.8M	50x	as long as short