Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%

Price spread now: Aevo against Variational Omni+0.178%7-day average +0.037% · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.364%+$36 · spread now +0.178%, 7d avg +0.037%

Together, before fees+0.435%+ Points / potential airdropVariational Omni: Active · farm board+$43 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: Aevo is 0.141% dearer against Variational Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	143.37	0.0100	pay 0.0100% / 8h	5h 44m	$3.7M	$1.3M	—
Short	Aevo AAVE-PERP	143.63	0.0104	get 0.0013% / 1h	44m 45s	$121K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.178%Rate

Funding earned: $0.84
Price spread: +0.178% → +0.037%: $14.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1.02
Costs to cover: 0.160%
Break-even: 15.5 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aevo: live order book, 19 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 Variational Omni RFQ quote, 4 min ago	3.07 bp	doesn't fit	14.8 bp −$148	doesn't fit	doesn't fit
Sell Aevo live order book, 19 min ago	21.82 bp	35.9 bp −$36	189.2 bp −$1,892	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	143.60	+0.160%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	+0.124%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	+0.070%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	+0.174%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.54	+0.116%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.471%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	+0.140%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	+0.147%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	+0.077%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.57	+0.140%	$17.2M	$63.5M	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	+0.267%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.66	+0.202%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.57	+0.143%	$64.4M	$183.4M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	+0.133%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	+0.094%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.63	+0.181%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.281%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.49	+0.081%	$327K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.57	+0.140%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.63	+0.181%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.130%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	+0.154%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.80	+0.300%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.61	+0.167%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.61	+0.167%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.78	+0.286%	$320K	$719K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	143.37	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.01	−0.248%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.276%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	−0.049%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+0.160%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.59	+0.156%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.61	+0.167%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.84	+0.329%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.62	+0.174%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.74	+0.257%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	143.63	+0.178%	$121K	$146	10x
RISEx AAVE/USDC	+0.0195%	1h	143.67	+0.209%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	+0.105%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	+0.116%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.70	+0.228%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.72	+0.244%	$778K	$2.8M	50x	as long as short