Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.017%

Price spread now: Variational Omni against dYdX+0.325%7-day average −0.031% · you sell dearer than you buy

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.325%, 7d avg −0.031%

Together, before fees−0.195%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.355% dearer against dYdX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	145.46	0	get 0.0000% / 1h	9m 01s	$104K	$5K	10x
Short	Variational Omni AAVE	145.93	0.0100	get 0.0100% / 8h	9m 01s	$3.8M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now +0.325%Rate

Funding earned: $21
Price spread: +0.325% → −0.031%: $35.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $46.54
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: 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 dYdX live order book, 5 min ago	67.60 bp	73.3 bp −$73	73.3 bp −$733	75.0 bp −$7,503	83.4 bp −$41.7K
Sell Variational Omni RFQ quote, 5 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
SoDEX AAVE-USD	−0.0119%	1h	145.59	+0.088%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	145.58	+0.081%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.87	+0.281%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	145.69	+0.157%	$254K	$391K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	145.46	long leg	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.89	+0.294%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.71	+0.170%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.71	+0.173%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0031%	8h	145.65	+0.129%	$66.4M	$187.4M	75x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	145.59	+0.088%	$29.7M	$26.1M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.845%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.58	+0.081%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.61	+0.102%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0068%	8h	145.64	+0.123%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.61	+0.102%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.63	+0.119%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.83	+0.252%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.50	+0.024%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.59	+0.088%	$801K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.78	+0.219%	$80.4M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.62	+0.109%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.54	+0.051%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.66	+0.136%	$62.1M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.57	+0.074%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	+0.086%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.62	+0.109%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.61	+0.102%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.62	+0.109%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.70	+0.164%	$346K	$744K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	145.93	+0.325%	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	146.13	+0.460%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.99	+0.362%	$466K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.12	+0.453%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.65	+0.129%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.59	+0.091%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.69	+0.160%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.71	+0.171%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.62	+0.110%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.62	+0.108%	$184K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0124%	8h	145.62	+0.109%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.70	+0.163%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.62	+0.109%	$785K	$3.0M	50x	as long as short