Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.264%

Price spread now: Deribit against Variational Omni+0.070%7-day average +0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.307%−$31 on $10k

Price spread, last 3 days (all we have)+0.212%+$21 · spread now +0.070%, 7d avg +0.002%

Together, before fees−0.095%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.068% dearer against Variational Omni than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.002%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	144.27	0.0100	pay 0.0100% / 8h	2h 15m	$3.8M	$1.3M	—
Short	Deribit AAVE_USDC-PERPETUAL	144.37	−0.0165	pay 0.0021% / 1h	15m 08s	$254K	$494K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$55.65
Price spread: +0.070% → +0.002%: $6.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.83
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Deribit: 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, 4 min ago	3.05 bp	doesn't fit	14.2 bp −$142	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	4.51 bp	8.0 bp −$8	15.2 bp −$152	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
Deribit AAVE_USDC-PERPETUALshort	−0.0165%	1h	144.37	+0.070%	$254K	$494K	50x
SoDEX AAVE-USD	−0.0161%	1h	144.33	+0.043%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.37	+0.070%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	+0.001%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.28	+0.010%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.24	−0.020%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.37	+0.072%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.48	+0.144%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.066%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.30	+0.020%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.35	+0.056%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0049%	8h	144.34	+0.050%	$65.7M	$184.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.32	+0.036%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.31	+0.029%	$17.4M	$66.1M	50x	as long as short
Gate AAVE_USDT	+0.0056%	8h	144.33	+0.043%	$7.8M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0061%	1h	144.10	−0.117%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	−0.058%	$451K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	144.30	+0.025%	$801K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.54	+0.187%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.37	+0.067%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.33	+0.046%	$180K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.28	+0.007%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.47	+0.140%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	+0.058%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.30	+0.025%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.35	+0.056%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	+0.029%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.40	+0.091%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.32	+0.036%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.35	+0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.48	+0.147%	$380K	$707K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	144.27	long leg	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	144.15	−0.079%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.091%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.32	+0.034%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.43	+0.110%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.29	+0.015%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.046%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.31	+0.030%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.30	+0.022%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.167%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.37	+0.069%	$124K	—	100x	as long as short