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 −0.037%

Price spread now: Variational Omni against BingX+0.235%7-day average −0.016% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 7 days−0.250%−$25 · spread now +0.235%, 7d avg −0.016%

Together, before fees−0.310%+ Points / potential airdropVariational Omni: Active · farm board−$31 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 0.251% dearer against BingX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDC	146.02	0.0100	pay 0.0100% / 8h	12m 12s	—	$6.5M	—
Short	Variational Omni AAVE	146.36	0.0100	get 0.0100% / 8h	12m 12s	$3.8M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.235%Rate

Funding earned: $0
Price spread: +0.235% → −0.016%: $25.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.09
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 2 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 BingX live order book, 8 min ago	0.69 bp	15.1 bp −$15	36.4 bp −$364	249.6 bp −$25.0K	609.9 bp −$305.0K
Sell Variational Omni RFQ quote, 2 min ago	3.08 bp	doesn't fit	12.0 bp −$120	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	−0.0161%	1h	146.01	−0.007%	$255K	$389K	50x	as long as short
SoDEX AAVE-USD	−0.0111%	1h	145.94	−0.055%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.02	0.000%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.164%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.118%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	+0.096%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.06	+0.025%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.08	+0.043%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.205%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	145.94	−0.055%	$66.6M	$186.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0035%	8h	145.95	−0.048%	$29.8M	$26.1M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	+0.017%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.98	−0.027%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	145.93	−0.062%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.05	+0.021%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.01	−0.006%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	+0.094%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.10	+0.055%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	+0.092%	$806K	$443K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.23	+0.147%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.14	+0.082%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	+0.070%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.98	−0.027%	$62.2M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.06	+0.027%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.146%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.98	−0.027%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.91	−0.075%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	146.02	long leg	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.19	+0.116%	$347K	$744K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	146.36	+0.235%	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	146.39	+0.256%	$106K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.34	+0.218%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.43	+0.281%	$136K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.13	+0.075%	$128K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.97	−0.032%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.051%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.06	+0.027%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.95	−0.050%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.11	+0.059%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	146.18	+0.110%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.07	+0.034%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.59	+0.390%	$791K	$3.0M	50x	as long as short