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 +0.013%

Price spread now: Gate against Variational Omni+0.057%7-day average +0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.057%, 7d avg +0.020%

Together, before fees+0.016%+ Points / potential airdropVariational Omni: 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: Gate is 0.036% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	144.03	0.0100	pay 0.0100% / 8h	6h 12m	$3.7M	$1.3M	—
Short	Gate AAVE_USDT	144.11	0.0100	get 0.0100% / 8h	6h 12m	$7.8M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.020%: $3.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.37
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Gate: live order book, 2 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, 2 min ago	3.08 bp	doesn't fit	13.1 bp −$131	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.82 bp	15.1 bp −$15	28.8 bp −$288	45.1 bp −$4,513	50.7 bp −$25.3K

AAVE on 41 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
01 Exchange AAVEUSD	−0.0040%	1h	144.05	+0.015%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.20	+0.119%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.94	−0.061%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.01	−0.013%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.12	+0.064%	$245K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.15	+0.081%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.44	+0.286%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.908%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.04	+0.005%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.14	+0.078%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0073%	8h	144.11	+0.057%	$26.6M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0074%	8h	144.11	+0.058%	$65.0M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0083%	8h	144.06	+0.022%	$17.3M	$65.1M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.12	+0.060%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.30	+0.188%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.17	+0.099%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.02	−0.008%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.07	+0.029%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.21	+0.126%	$78.0M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.13	+0.071%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.99	−0.027%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.12	+0.064%	$61.5M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.09	+0.043%	$45K	$181K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	144.11	+0.057%	$7.8M	$15.2M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	144.12	+0.064%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.07	+0.029%	$30.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.08	+0.036%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.20	+0.119%	$321K	$744K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	144.03	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	144.08	+0.033%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.08	+0.036%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.15	+0.084%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.10	+0.050%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.09	+0.040%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.10	+0.050%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.46	+0.298%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.11	+0.057%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.046%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.05	+0.014%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0248% / S −0.0386%	1h	144.12	+0.064%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.76	+0.508%	$778K	$2.8M	50x	as long as short