Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against Variational Omni+0.118%7-day average +0.058% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now +0.118%, 7d avg +0.058%

Together, before fees−0.004%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.060% dearer against Variational Omni than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.058%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	144.02	0.0100	pay 0.0100% / 8h	6h 05m	$3.7M	$1.3M	—
Short	Kraken Futures PF_AAVEUSD	144.19	−0.0034	pay 0.0004% / 1h	5m 39s	$3.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$28.2
Price spread: +0.118% → +0.058%: $6.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$32.18
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: 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, 4 min ago	3.06 bp	doesn't fit	12.8 bp −$128	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.56 bp	14.8 bp −$15	25.5 bp −$255	118.5 bp −$11.8K	doesn't fit

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
Kraken Futures PF_AAVEUSDshort	−0.0034%	1h	144.19	+0.118%	$3.5M	$2.0M	50x
01 Exchange AAVEUSD	−0.0032%	1h	144.03	+0.007%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.04	+0.016%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.94	−0.055%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.10	+0.056%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.07	+0.032%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.77	−0.173%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.902%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.02	0.000%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.09	+0.049%	$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	+0.0083%	8h	144.06	+0.028%	$26.5M	$25.0M	200x	as long as short
Binance AAVEUSDT	+0.0083%	8h	144.08	+0.043%	$65.0M	$182.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0087%	8h	144.08	+0.042%	$17.3M	$64.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.07	+0.037%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.31	+0.204%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.10	+0.057%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.014%	$801K	$419K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.18	+0.111%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	+0.031%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.10	+0.053%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.08	+0.042%	$61.7M	$64.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.11	+0.063%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.07	+0.035%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.12	+0.070%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.06	+0.028%	$30.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.07	+0.035%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.18	+0.111%	$322K	$717K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	144.02	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.60	−0.290%	$103K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.60	−0.291%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.67	−0.243%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.07	+0.035%	$126K	$421K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.97	−0.031%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.09	+0.049%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.40	+0.263%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.12	+0.070%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.052%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.02	−0.003%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.11	+0.060%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0394%	1h	144.05	+0.022%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.10	+0.056%	$774K	$2.8M	50x	as long as short