Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.045%

Price spread now: Variational Omni against Aster−0.589%7-day average −0.030% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.609%+$61 · spread now −0.589%, 7d avg −0.030%

Together, before fees+0.541%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$54 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 0.559% cheaper against Aster than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	144.79	0.0100	pay 0.0100% / 8h	1h 41m	$1.3M	$1.2M	50x
Short	Variational Omni AAVE	143.94	0.0100	get 0.0100% / 8h	1h 41m	$3.8M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.589%Rate

Funding earned: $0
Price spread: −0.589% → −0.030%: −$55.92
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$63.92
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Aster live order book, 2 min ago	3.80 bp	10.9 bp −$11	34.3 bp −$343	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.88 bp	doesn't fit	13.9 bp −$139	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	−0.0184%	1h	144.71	−0.058%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0069%	1h	144.58	−0.148%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.56	−0.162%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.66	−0.093%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.78	−0.007%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.67	−0.086%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.67	−0.089%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.411%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.71	−0.061%	$65.7M	$185.3M	75x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	144.73	−0.045%	$31.1M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.53	−0.180%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.79	−0.006%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.61	−0.127%	$17.4M	$66.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.62	−0.121%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.70	−0.062%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0069%	8h	144.76	−0.024%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	−0.075%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.64	−0.104%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.342%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.93	+0.092%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.77	−0.020%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.72	−0.048%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.88	+0.059%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	144.79	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.76	−0.025%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.66	−0.093%	$61.4M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.74	−0.038%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.73	−0.045%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.69	−0.072%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.73	−0.045%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.75	−0.031%	$382K	$710K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	143.94	−0.589%	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	144.57	−0.153%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.362%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.63	−0.114%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.58	−0.146%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.99	+0.134%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.55	−0.169%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.68	−0.081%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.60	−0.134%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.66	−0.091%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.71	−0.058%	$777K	$3.0M	50x	as long as short