Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: Variational Omni against Pacifica+0.105%7-day average −0.032% · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.105%, 7d avg −0.032%

Together, before fees+0.002%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board$0 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 0.137% dearer against Pacifica than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	143.22	0.0100	pay 0.0013% / 1h	46m 04s	$326K	$433K	10x
Short	Variational Omni AAVE	143.37	0.0100	get 0.0100% / 8h	5h 46m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → −0.032%: $13.69
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.69
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 17 min ago; Variational Omni: RFQ quote, 3 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 Pacifica live order book, 17 min ago	3.12 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 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	143.26	+0.028%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.20	−0.016%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.15	−0.049%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.50	+0.196%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.46	+0.166%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.371%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.36	+0.099%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.44	+0.154%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.056%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0094%	8h	143.31	+0.063%	$17.2M	$63.3M	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	143.50	+0.198%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.40	+0.126%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0099%	8h	143.38	+0.111%	$64.3M	$183.2M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.19	−0.018%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.38	+0.112%	$832K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.46	+0.168%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.43	+0.147%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	143.22	long leg	$326K	$433K	10x
Bybit AAVEUSDT	+0.0100%	8h	143.32	+0.070%	$61.3M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.30	+0.056%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.576%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.35	+0.091%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.52	+0.209%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.35	+0.091%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.35	+0.091%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.46	+0.168%	$320K	$719K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	143.37	+0.105%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.33	+0.080%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.18	+0.670%	$463K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	+0.056%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.40	+0.126%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.42	+0.142%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.38	+0.112%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.57	+0.244%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.39	+0.119%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.39	+0.120%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.49	+0.192%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.34	+0.086%	$195K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0218%	8h	143.01	−0.147%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.44	+0.153%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.40	+0.123%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.37	+0.105%	$776K	$2.8M	50x	as long as short