Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.047%

Price spread now: edgeX against Variational Omni−0.241%7-day average +0.010% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 3 days (all we have)+0.346%+$35 · spread now −0.241%, 7d avg +0.010%

Together, before fees+0.421%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$42 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: edgeX is 0.251% cheaper against Variational Omni than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	143.96	0.0100	pay 0.0100% / 8h	1h 55m	$3.8M	$1.3M	—
Short	edgeX AAVEUSDC	143.62	0.0100	get 0.0050% / 4h	1h 55m	$101K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $0
Price spread: −0.241% → +0.010%: −$25.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.11
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 28 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	3.10 bp	doesn't fit	13.1 bp −$131	doesn't fit	doesn't fit
Sell edgeX live order book, 28 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	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
ApeX Omni AAVEUSDT	−0.0330%	1h	143.45	−0.356%	$133K	$229K	50x	as long as short
01 Exchange AAVEUSD	−0.0208%	1h	144.20	+0.165%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0166%	1h	144.23	+0.186%	$253K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0047%	1h	144.21	+0.172%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0044%	1h	143.73	−0.162%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.25	+0.198%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.25	+0.200%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.26	+0.205%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.864%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	144.20	+0.165%	$31.1M	$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	+0.0039%	8h	144.24	+0.190%	$65.5M	$185.5M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	+0.196%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0045%	1h	144.26	+0.206%	$799K	$438K	10x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.21	+0.173%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	144.18	+0.151%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.280%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.21	+0.172%	$17.4M	$66.2M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.36	+0.273%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	144.29	+0.227%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	143.56	−0.282%	$450K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.21	+0.170%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.44	+0.328%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	+0.131%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.35	+0.269%	$79.2M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.27	+0.215%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.23	+0.187%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.24	+0.193%	$61.3M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.17	+0.144%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.22	+0.179%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.21	+0.172%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.21	+0.172%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.38	+0.290%	$381K	$709K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	143.96	long leg	$3.8M	$1.3M	—
edgeX AAVEUSDCshort	+0.0100%	4h	143.62	−0.241%	$101K	$313K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.234%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.21	+0.169%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.35	+0.271%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.20	+0.165%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.18	+0.151%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0156%	8h	144.28	+0.220%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.26	+0.203%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.113%	$772K	$3.0M	50x	as long as short