Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: Arcus against Variational Omni+0.049%50s7-day average +0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.049%, 7d avg +0.034%

Together, before fees−0.117%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	142.88	0.0100	pay 0.0100% / 8h	2h 43m	$3.7M	$1.3M	—
Short	Arcus AAVE-USD	142.95	0.0100	get 0.0013% / 1h	43m 47s	$64K	$199K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.034%: $1.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$3.01
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Arcus: live order book, 4 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, just now	3.08 bp	doesn't fit	11.8 bp −$118	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	2.44 bp	8.2 bp −$8	24.0 bp −$240	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
Nado AAVE-PERP	−0.0043%	1h	142.88	0.000%	$832K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.89	+0.007%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.05	+0.119%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.94	+0.042%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.90	+0.017%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.143%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.87	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0064%	8h	142.89	+0.007%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0072%	8h	142.86	−0.014%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.89	+0.007%	$10K	$2K	5x	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	142.89	+0.007%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.99	+0.077%	$78.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.80	−0.058%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.96	+0.057%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.78	−0.070%	$63.7M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.76	−0.084%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.77	−0.077%	$17.1M	$64.5M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	142.95	+0.049%	$64K	$199K	10x
Bulk AAVE-USD	+0.0100%	1h	142.94	+0.041%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.75	−0.091%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.76	−0.084%	$25.6M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.79	−0.063%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.75	−0.091%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.74	−0.098%	—	$6.5M	—	as long as short
Variational Omni AAVElong	+0.0100%	8h	142.88	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.12	+0.167%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.11	+0.161%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.13	+0.175%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.97	+0.063%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.90	+0.014%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.90	+0.014%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.03	+0.108%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.68	−0.138%	$908K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.93	+0.032%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0114%	1h	143.03	+0.105%	$336K	$727K	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.34	+0.322%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.90	+0.016%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.96	+0.056%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.97	+0.063%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.90	+0.015%	$112K	—	100x	as long as short
Lighter AAVE	+0.0368%	1h	143.01	+0.090%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	+0.112%	$791K	$2.8M	50x	as long as short