Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.029%

Price spread now: Variational Omni against Extended+0.187%7-day average +0.034% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 7 days−0.177%−$18 · spread now +0.187%, 7d avg +0.034%

Together, before fees−0.250%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$25 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 0.153% dearer against Extended than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	146.17	0.0104	pay 0.0013% / 1h	19m 59s	$939K	$1.7M	50x
Short	Variational Omni AAVE	146.44	0.0100	get 0.0100% / 8h	7h 19m	$3.8M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.187%Rate

Funding earned: −$0.84
Price spread: +0.187% → +0.034%: $15.3
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.46
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Extended live order book, 3 min ago	3.07 bp	6.8 bp −$7	24.8 bp −$248	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.07 bp	doesn't fit	12.3 bp −$123	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	−0.0184%	1h	146.37	+0.138%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	146.30	+0.091%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0092%	1h	146.25	+0.057%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.27	+0.070%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.41	+0.165%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.34	+0.118%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.78	+0.419%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	+0.124%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0007%	8h	146.19	+0.016%	$7.9M	$15.3M	75x	as long as short
Phemex AAVEUSDT	+0.0009%	8h	146.36	+0.132%	$4.2M	$3.8M	50x	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	+0.0020%	8h	146.27	+0.070%	$29.0M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0021%	8h	146.16	−0.006%	$66.2M	$183.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.299%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.23	+0.041%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.27	+0.070%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.25	+0.057%	$17.9M	$66.3M	50x	as long as short
Bybit AAVEUSDT	+0.0071%	8h	146.25	+0.057%	$62.6M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0072%	1h	146.58	+0.282%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0084%	8h	146.49	+0.221%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.74	+0.393%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.39	+0.154%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.20	+0.025%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.24	+0.050%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	+0.074%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.38	+0.143%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.28	+0.080%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.091%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	+0.129%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.29	+0.084%	$10.4M	$8.9M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.25	+0.057%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.19	+0.016%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.26	+0.064%	$334K	$737K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	146.44	+0.187%	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	146.55	+0.264%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	+0.310%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.33	+0.111%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.29	+0.087%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.200%	$712K	$5.2M	75x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	146.17	long leg	$939K	$1.7M	50x
RISEx AAVE/USDC	+0.0107%	1h	146.33	+0.115%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.34	+0.119%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.44	+0.187%	$785K	$2.9M	50x	as long as short