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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Variational Omni against GRVT+0.277%59s7-day average −0.044% · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 7 days−0.308%−$31 · spread now +0.277%, 7d avg −0.044%

Together, before fees−0.375%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$38 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 0.321% dearer against GRVT than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.044%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	142.97	0.0100	pay 0.0100% / 8h	5h 44m	$448K	$3.7M	10x
Short	Variational Omni AAVE	143.37	0.0100	get 0.0100% / 8h	5h 44m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now +0.277%Rate

Funding earned: $0
Price spread: +0.277% → −0.044%: $32.11
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $23.11
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 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 GRVT live order book, 4 min ago	2.10 bp	7.9 bp −$8	23.8 bp −$238	24737.4 bp −$2.47M	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.07 bp	doesn't fit	16.1 bp −$161	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
01 Exchange AAVEUSD	−0.0064%	1h	143.56	+0.410%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	+0.401%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	+0.347%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	+0.452%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.54	+0.393%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.206%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	+0.417%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	+0.425%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	+0.354%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.54	+0.396%	$17.2M	$63.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.75	+0.545%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.50	+0.368%	$26.0M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.55	+0.405%	$64.4M	$183.3M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.55	+0.404%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	+0.372%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.63	+0.459%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.57	+0.420%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	+0.430%	$327K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.59	+0.431%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.60	+0.438%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.408%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.55	+0.403%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.61	+0.445%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.56	+0.410%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.56	+0.410%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.78	+0.564%	$320K	$719K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	143.37	+0.277%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.01	+0.029%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	142.97	long leg	$448K	$3.7M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	+0.228%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+0.438%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.59	+0.434%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.61	+0.445%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.84	+0.607%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.62	+0.452%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.57	+0.417%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.63	+0.455%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.61	+0.447%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	+0.382%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	+0.393%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.70	+0.505%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.72	+0.522%	$778K	$2.8M	50x	as long as short