Funding arb · Price arb /

AAVE

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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 −0.034%

Price spread now: Variational Omni against Bitget+0.141%7-day average +0.003% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.141%, 7d avg +0.003%

Together, before fees−0.160%+ Points / potential airdropVariational Omni: Active · farm board−$16 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 0.137% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	147.39	0.0100	pay 0.0100% / 8h	3h 14m	$30.3M	$17.5M	75x
Short	Variational Omni AAVE	147.60	0.0100	get 0.0100% / 8h	3h 14m	$3.8M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.003%: $13.73
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.73
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Bitget live order book, 5 min ago	1.02 bp	9.8 bp −$10	15.3 bp −$153	58.8 bp −$5,875	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.08 bp	doesn't fit	12.9 bp −$129	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
Kraken Futures PF_AAVEUSD	−0.0060%	1h	147.46	+0.050%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	147.78	+0.265%	$4K	$95K	10x	as long as short
SoDEX AAVE-USD	−0.0037%	1h	147.39	0.000%	$5K	$294K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0021%	1h	147.44	+0.034%	$211K	$432K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.44	+0.032%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.53	+0.095%	$72K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.48	+0.064%	$72K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−7.076%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.41	+0.014%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	147.43	+0.027%	$18.3M	$66.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0064%	8h	147.41	+0.014%	$19K	$12K	10x	as long as short
Nado AAVE-PERP	+0.0073%	1h	147.44	+0.037%	$831K	$437K	10x	as long as short
MEXC AAVE_USDT	+0.0087%	8h	147.40	+0.007%	$34.2M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0087%	8h	147.40	+0.007%	$67.0M	$178.5M	75x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	147.47	+0.054%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.46	+0.048%	$183K	$241K	10x	as long as short
Lighter AAVE	+0.0096%	1h	147.59	+0.138%	$4.7M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.50	+0.078%	$14K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	147.44	+0.035%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.53	+0.093%	$336K	$507K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	147.44	+0.034%	$62.8M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.43	+0.027%	$52K	$337K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	147.82	+0.292%	$62K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	147.40	+0.007%	$7.8M	$15.3M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.39	0.000%	$10.2M	$8.4M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	147.39	long leg	$30.3M	$17.5M	75x
BingX AAVE-USDC	+0.0100%	8h	147.42	+0.020%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	147.38	−0.007%	$349K	$654K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	147.60	+0.141%	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	147.60	+0.144%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	147.67	+0.190%	$461K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	147.68	+0.197%	$137K	$232K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.47	+0.054%	$130K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.37	−0.015%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	147.55	+0.106%	$751K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.40	+0.007%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.41	+0.013%	$957K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	147.44	+0.034%	$125K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0207%	8h	147.32	−0.047%	$3.6M	$5.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	147.61	+0.149%	$794K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.45	+0.038%	$129K	—	100x	as long as short
Hyperliquid AAVE	+0.0598%	1h	147.65	+0.176%	$84.5M	$31.1M	10x	as long as short