Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h +0.118%

Price spread now: 01 Exchange against Variational Omni−0.763%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and 01 Exchange is 0.763% cheaper against Variational Omni than usual: you would sell low and buy high (−$76 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	146.44	0.0100	pay 0.0100% / 8h	2h 57m	$3.8M	$1.3M	—
Short	01 Exchange AAVEUSD	145.32	−0.0176	pay 0.0022% / 1h	57m 09s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.763%Rate

Funding earned: −$57.96
Price spread: −0.763% → 0.000%: −$76.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$141.25
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: no order-book sample. 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	11.8 bp −$118	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit AAVE_USDC-PERPETUAL	−0.0782%	1h	145.21	−0.838%	$232K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0292%	1h	145.30	−0.777%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSDshort	−0.0176%	1h	145.32	−0.763%	$11K	$2K	5x
Phoenix AAVE	−0.0039%	1h	145.71	−0.497%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	−0.737%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	−0.763%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	−0.752%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.43	−0.685%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.472%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.27	−0.795%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.41	−0.701%	$17.8M	$65.5M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.23	−0.824%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0076%	1h	145.72	−0.490%	$135K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.28	−0.790%	$7.8M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.32	−0.763%	$32.6M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.35	−0.742%	$66.0M	$180.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.54	−0.609%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	−0.715%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.801%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.31	−0.766%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.52	−0.626%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.29	−0.786%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	−0.733%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.41	−0.701%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.37	−0.729%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	−0.131%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.29	−0.783%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.35	−0.742%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.37	−0.729%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.46	−0.667%	$345K	$684K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	146.44	long leg	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	145.76	−0.464%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.512%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.39	−0.715%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.21	−0.840%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.78	−0.450%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.43	−0.688%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.27	−0.794%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.31	−0.770%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0206%	8h	145.29	−0.783%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.57	−0.592%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.32	−0.761%	$135K	—	100x	as long as short