Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.048%

Price spread now: Extended against Variational Omni+0.057%7-day average −0.033% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.082%+$8 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.057%, 7d avg −0.033%

Together, before fees+0.019%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$2 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: Extended is 0.090% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	145.93	0.0100	pay 0.0100% / 8h	10m 52s	$3.8M	$1.4M	—
Short	Extended AAVE-USD	146.02	0.0104	get 0.0013% / 1h	10m 52s	$940K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0.84
Price spread: +0.057% → −0.033%: $9.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.87
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Extended: live order book, 3 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, 3 min ago	3.08 bp	doesn't fit	14.6 bp −$146	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.74 bp	8.5 bp −$9	29.2 bp −$292	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
SoDEX AAVE-USD	−0.0117%	1h	145.90	−0.023%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	145.96	+0.018%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.223%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.23	+0.205%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.06	+0.086%	$83K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.98	+0.032%	$255K	$391K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.05	+0.083%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.00	+0.049%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0032%	8h	146.04	+0.070%	$66.6M	$186.7M	75x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	146.04	+0.073%	$29.8M	$26.1M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.149%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.91	−0.017%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.91	−0.016%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	146.02	+0.059%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0072%	8h	146.04	+0.073%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.94	+0.004%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.15	+0.147%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.10	+0.112%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.02	+0.059%	$804K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.21	+0.189%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.02	+0.059%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.11	+0.122%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.05	+0.080%	$62.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.00	+0.045%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.205%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.05	+0.080%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.01	+0.052%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.01	+0.052%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.02	+0.059%	$347K	$744K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	145.93	long leg	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	146.13	+0.135%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.157%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.12	+0.128%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.02	+0.059%	$127K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.91	−0.014%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.23	+0.206%	$692K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.03	+0.066%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	146.02	+0.057%	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.01	+0.053%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0130%	8h	145.93	−0.003%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.02	+0.060%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.32	+0.265%	$790K	$3.0M	50x	as long as short