Funding arb · Price arb /

AAVE

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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 +0.018%

Price spread now: BingX against Variational Omni+0.383%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.383% dearer against Variational Omni than usual: you sell high and buy low, +$38 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	145.63	0.0100	pay 0.0100% / 8h	7h 43m	$3.8M	$1.3M	—
Short	BingX AAVE-USDT	146.19	0.0100	get 0.0100% / 8h	7h 43m	—	$44.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.383%Rate

Funding earned: $0
Price spread: +0.383% → 0.000%: $38.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $28.29
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; BingX: live order book, 5 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, 5 min ago	3.05 bp	doesn't fit	13.7 bp −$137	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	3.42 bp	9.0 bp −$9	11.7 bp −$117	28.7 bp −$2,875	74.1 bp −$37.0K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.17	+0.368%	$3.5M	$2.1M	50x	as long as short
Phemex AAVEUSDT	−0.0175%	8h	146.05	+0.287%	$4.1M	$3.8M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.04	+0.280%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0076%	1h	146.07	+0.300%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.91	+0.189%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.93	+0.204%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	+0.122%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.07	+0.300%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	+0.319%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.25	+0.424%	$29.3M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0024%	8h	146.19	+0.383%	$66.3M	$187.4M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.955%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0036%	1h	145.87	+0.163%	$136K	$230K	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.96	+0.227%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.01	+0.259%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	146.20	+0.390%	$7.9M	$15.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.19	+0.383%	$18.0M	$67.4M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.04	+0.280%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0093%	8h	145.82	+0.129%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.29	+0.451%	$4.7M	$1.5M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.88	+0.170%	$457K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.00	+0.251%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.97	+0.228%	$798K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.22	+0.403%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.15	+0.352%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.00	+0.252%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.19	+0.383%	$62.5M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.06	+0.294%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.287%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.19	+0.383%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.12	+0.335%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	146.19	+0.383%	—	$44.2M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.19	+0.383%	$346K	$734K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	145.63	long leg	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	145.78	+0.103%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.06	+0.294%	$128K	$445K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.03	+0.276%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.12	+0.336%	$698K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.16	+0.362%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.09	+0.315%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.07	+0.303%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	+0.307%	$786K	$3.1M	50x	as long as short