Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.024%

Price spread now: RISEx against Variational Omni+0.341%7-day average +0.021% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.530%−$53 · spread now +0.341%, 7d avg +0.021%

Together, before fees−0.493%+ Points / potential airdropVariational Omni: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.320% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	142.03	0.0100	pay 0.0100% / 8h	2h 22m	$3.7M	$1.3M	—
Short	RISEx AAVE/USDC	142.52	0.0207	get 0.0026% / 1h	22m 23s	$191K	$253K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.341%Rate

Funding earned: $22.51
Price spread: +0.341% → +0.021%: $32.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $48.55
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; RISEx: live order book, 26 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	3.09 bp	doesn't fit	11.2 bp −$112	doesn't fit	doesn't fit
Sell RISEx live order book, 26 min ago	1.40 bp	4.4 bp −$4	8.7 bp −$87	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
dYdX AAVE-USD	0.0000%	1h	142.34	+0.220%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.16	+0.090%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	+0.119%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.57	+0.382%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0028%	1h	142.56	+0.372%	$835K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.571%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.52	+0.346%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.62	+0.414%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.29	+0.185%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.65	+0.435%	$77.9M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.58	+0.389%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.35	+0.224%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.58	+0.387%	$64.0M	$191.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	+0.379%	$61.1M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.58	+0.386%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.55	+0.365%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	+0.175%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.58	+0.386%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.57	+0.379%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.55	+0.365%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.57	+0.379%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.57	+0.379%	—	$43.6M	—	as long as short
Variational Omni AAVElong	+0.0100%	8h	142.03	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	141.94	−0.065%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.217%	$454K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	+0.006%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.63	+0.421%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.12	+0.062%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.22	+0.133%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.321%	$679K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	+0.140%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.42	+0.271%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.51	+0.337%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.22	+0.131%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.015%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0139%	1h	142.33	+0.210%	$337K	$730K	10x	as long as short
RISEx AAVE/USDCshort	+0.0207%	1h	142.52	+0.341%	$191K	$253K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.17	+0.097%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.30	+0.192%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	142.50	+0.328%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.58	+0.388%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.17	+0.097%	$758K	$2.8M	50x	as long as short