Funding arb · Price arb /

AAVE

all AAVE markets

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 +0.021%

Price spread now: KuCoin against Variational Omni+0.245%7-day average +0.025% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 7 days−0.229%−$23 · spread now +0.245%, 7d avg +0.025%

Together, before fees−0.185%+ Points / potential airdropVariational Omni: Active · farm board−$18 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: KuCoin is 0.220% dearer against Variational Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	142.73	0.0100	pay 0.0100% / 8h	4h 01m	$3.7M	$1.3M	—
Short	KuCoin AAVEUSDTM	143.08	0.0100	get 0.0100% / 8h	4h 01m	$10.6M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.245%Rate

Funding earned: $0
Price spread: +0.245% → +0.025%: $21.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $9.99
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: live order book, 6 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	12.1 bp −$121	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.40 bp	17.3 bp −$17	35.3 bp −$353	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
01 Exchange AAVEUSD	−0.0128%	1h	143.00	+0.189%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.04	+0.219%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.99	+0.182%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.10	+0.259%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.04	+0.219%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.99	+0.186%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.043%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.96	+0.162%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.05	+0.224%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	0.000%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0085%	1h	143.09	+0.252%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0087%	8h	143.02	+0.203%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.18	+0.316%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	+0.181%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.19	+0.325%	$78.0M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.10	+0.256%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.99	+0.185%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.02	+0.202%	$63.8M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.00	+0.189%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.98	+0.175%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.07	+0.238%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.140%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.08	+0.245%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.02	+0.203%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.08	+0.245%	$10.6M	$9.3M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.95	+0.154%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.06	+0.231%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.15	+0.294%	$336K	$720K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	142.73	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.077%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	+0.101%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	−0.028%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	+0.217%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.95	+0.153%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	+0.319%	$689K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.03	+0.210%	$897K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.11	+0.265%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.02	+0.206%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	+0.189%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.03	+0.209%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.20	+0.326%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+0.133%	$793K	$2.8M	50x	as long as short