Funding arb · Price arb /

AAVE

all AAVE markets

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 −0.021%

Price spread now: Variational Omni against KuCoin−0.364%7-day average −0.027% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 7 days+0.355%+$36 · spread now −0.364%, 7d avg −0.027%

Together, before fees+0.311%+ Points / potential airdropVariational Omni: Active · farm board+$31 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 0.337% cheaper against KuCoin than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	142.55	0.0100	pay 0.0100% / 8h	2h 22m	$10.3M	$9.5M	75x
Short	Variational Omni AAVE	142.03	0.0100	get 0.0100% / 8h	2h 22m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.364%Rate

Funding earned: $0
Price spread: −0.364% → −0.027%: −$33.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.71
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 KuCoin live order book, 1 min ago	2.46 bp	16.4 bp −$16	32.8 bp −$328	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.09 bp	doesn't fit	13.4 bp −$134	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	142.34	−0.145%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.16	−0.274%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	−0.246%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.57	+0.017%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0028%	1h	142.56	+0.007%	$835K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.921%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.52	−0.019%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.62	+0.049%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.29	−0.179%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.65	+0.070%	$77.9M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.58	+0.024%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.35	−0.140%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.58	+0.021%	$64.0M	$191.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	+0.014%	$61.1M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.58	+0.021%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.55	0.000%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.189%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.58	+0.021%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.57	+0.014%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	142.55	long leg	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.57	+0.014%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.57	+0.014%	—	$43.6M	—	as long as short
Variational Omni AAVEshort	+0.0100%	8h	142.03	−0.364%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	141.94	−0.428%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	−0.147%	$454K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	−0.358%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.63	+0.056%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.12	−0.302%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.22	−0.231%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	−0.044%	$679K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	−0.224%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.42	−0.094%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.51	−0.028%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.22	−0.233%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.379%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0139%	1h	142.33	−0.154%	$337K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.52	−0.023%	$191K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.17	−0.267%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.30	−0.172%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	142.50	−0.036%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.58	+0.023%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.17	−0.267%	$758K	$2.8M	50x	as long as short