Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.50 per $10,000 · paid last 24h −0.024%
Price spread now: Variational Omni against Orderly−0.113%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.113% cheaper against Orderly than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.6 days of funding at the current rate (+$1 a day). The two prices were read 48 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 | Orderly PERP_AAVE_USDC | 145.71 | 0.0050 | pay 0.0050% / 8h | 58m 32s | $18K | $12K | 10x |
| Short | Variational Omni AAVE | 145.55 | 0.0100 | get 0.0100% / 8h | 58m 32s | $3.8M | $1.4M | — |
Orderly PERP_AAVE_USDC
Variational Omni AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.43
- Price spread: −0.113% → 0.000%
- −$11.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$6.87
- Costs to cover
- 0.060%
- Break-even
- 11.6 days
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 3.09 bp | doesn't fit | 11.0 bp −$110 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAVE_USDC-PERPETUAL | −0.0162% | 1h | 145.73 | +0.014% | $255K | $417K | 50x | as long as short |
| Phoenix AAVE | −0.0045% | 1h | 145.88 | +0.117% | $5K | $99K | 10x | as long as short |
| SoDEX AAVE-USD | −0.0013% | 1h | 145.73 | +0.014% | $5K | $298K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0008% | 1h | 146.07 | +0.247% | $11K | $2K | 5x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 145.99 | +0.194% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.83 | +0.082% | $68K | $1.5M | 3.4x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0002% | 1h | 145.82 | +0.079% | $3.5M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.78 | +0.045% | $71K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.005% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0042% | 8h | 146.03 | +0.220% | $30.6M | $25.5M | 200x | as long as short |
Deribit AAVE_USDC-PERPETUAL
Phoenix AAVE
SoDEX AAVE-USD
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Kraken Futures PF_AAVEUSD
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0042% | 8h | 146.27 | +0.386% | $66.7M | $184.9M | 75x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.22 | +0.353% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDClong | +0.0050% | 8h | 145.71 | long leg | $18K | $12K | 10x | |
| OKX AAVE-USDT-SWAP | +0.0064% | 8h | 146.25 | +0.371% | $17.9M | $67.5M | 50x | as long as short |
| Gate AAVE_USDT | +0.0074% | 8h | 146.00 | +0.199% | $7.9M | $15.7M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 145.65 | −0.038% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.18 | +0.325% | $4.7M | $1.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.04 | +0.229% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.19 | +0.329% | $809K | $437K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.42 | +0.487% | $80.9M | $34.2M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.06 | +0.237% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.00 | +0.202% | $333K | $504K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.25 | +0.371% | $62.4M | $66.0M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.04 | +0.226% | $51K | $273K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.79 | +0.055% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.02 | +0.213% | $10.0M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.24 | +0.364% | $30.6M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.02 | +0.213% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.88 | +0.117% | $351K | $724K | 10x | as long as short |
| Variational Omni AAVEshort | +0.0100% | 8h | 145.55 | −0.113% | $3.8M | $1.4M | — | |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.58 | −0.090% | $105K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.61 | −0.070% | $460K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 145.49 | −0.151% | $135K | $228K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.32 | +0.419% | $128K | $466K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.73 | +0.015% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.83 | +0.085% | $698K | $5.0M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.73 | +0.014% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.98 | +0.186% | $935K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0106% | 1h | 146.09 | +0.261% | $186K | $246K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0162% | 8h | 145.72 | +0.007% | $3.5M | $4.0M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0267% / S −0.0438% | 1h | 145.77 | +0.042% | $125K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0280% | 1h | 146.08 | +0.254% | $793K | $3.0M | 50x | as long as short |
Binance AAVEUSDT
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX