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 −0.010%

Price spread now: Variational Omni against HTX−0.113%7-day average +0.092% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.185%+$18 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.113%, 7d avg +0.092%

Together, before fees+0.327%+ Points / potential airdropVariational Omni: Active · farm board+$33 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 0.204% cheaper against HTX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	142.46	0.0100	pay 0.0100% / 8h	1h 08m	$674K	$5.3M	75x
Short	Variational Omni AAVE	142.30	0.0100	get 0.0100% / 8h	1h 08m	$3.7M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → +0.092%: −$20.41
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 HTX live order book, 1 min ago	2.42 bp	8.9 bp −$9	42.7 bp −$427	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.10 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	142.18	−0.192%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.17	−0.203%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.14	−0.224%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.15	−0.216%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.860%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.08	−0.265%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	142.06	−0.284%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.12	−0.238%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+0.015%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.26	−0.140%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.03	−0.301%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.16	−0.213%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.10	−0.249%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.14	−0.224%	$63.9M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.13	−0.231%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.15	−0.217%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.18	−0.196%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	−0.077%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.14	−0.224%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.11	−0.245%	$24.4M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.13	−0.231%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.07	−0.273%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.11	−0.245%	—	$43.4M	—	as long as short
Variational Omni AAVEshort	+0.0100%	8h	142.30	−0.113%	$3.7M	$1.2M	—
edgeX AAVEUSDC	+0.0100%	4h	142.35	−0.078%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.39	−0.052%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.41	−0.034%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.18	−0.196%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.06	−0.277%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.13	−0.231%	$5K	$285K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	142.46	long leg	$674K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.12	−0.238%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.10	−0.252%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.17	−0.200%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.13	−0.231%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0158%	1h	142.29	−0.119%	$390K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0166%	1h	142.24	−0.154%	$77.8M	$36.9M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.18	−0.196%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.14	−0.222%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.14	−0.226%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	−0.119%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.22	−0.165%	$3.4M	$2.1M	50x	as long as short