Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Variational Omni against edgeX+0.014%7-day average −0.012% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.014%, 7d avg −0.012%

Together, before fees−0.181%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$18 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 0.026% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	141.14	0.0100	pay 0.0050% / 4h	14m 36s	$108K	$283K	20x
Short	Variational Omni AAVE	141.16	0.0100	get 0.0100% / 8h	14m 36s	$3.7M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.012%: $2.64
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.36
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 23 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 edgeX live order book, 23 min ago	3.54 bp	8.0 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.09 bp	doesn't fit	10.4 bp −$104	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
dYdX AAVE-USD	0.0000%	1h	141.16	+0.014%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.14	−0.002%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.18	+0.026%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.20	+0.039%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.963%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.08	−0.048%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0083%	8h	141.15	+0.005%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.43	+0.204%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.25	+0.079%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.15	+0.009%	$826K	$399K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.35	+0.147%	$77.2M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.27	+0.090%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.28	+0.094%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.27	+0.087%	$63.4M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.26	+0.083%	$60.7M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.27	+0.090%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.40	+0.182%	$91K	$221K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.31	+0.119%	$8.0M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.27	+0.090%	$22.5M	$24.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.29	+0.104%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.26	+0.083%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.26	+0.083%	—	$6.5M	—	as long as short
Variational Omni AAVEshort	+0.0100%	8h	141.16	+0.014%	$3.7M	$1.2M	—
edgeX AAVEUSDClong	+0.0100%	4h	141.14	long leg	$108K	$283K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	+0.036%	$445K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.19	+0.034%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.17	+0.019%	$133K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.29	+0.102%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.16	+0.012%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.27	+0.087%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.15	+0.005%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.18	+0.026%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.23	+0.060%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.31	+0.119%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.21	+0.048%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.19	+0.034%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.17	+0.019%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.35	+0.145%	$190K	$292K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.18	+0.026%	$110K	—	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0254%	1h	141.32	+0.126%	$384K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.28	+0.097%	$752K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.22	+0.052%	$3.4M	$2.1M	50x	as long as short