Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h −0.034%

Price spread now: Variational Omni against 01 Exchange+0.009%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Variational Omni

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	143.88	−0.0056	get 0.0007% / 1h	33m 03s	$11K	$2K	5x
Short	Variational Omni AAVE	143.89	0.0100	get 0.0100% / 8h	6h 33m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now +0.009%Rate

Funding earned: $32.76
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.64
Costs to cover: 0.070%
Break-even: 1.3 days

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	3.09 bp	doesn't fit	12.9 bp −$129	doesn't fit	doesn't fit

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 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
Deribit AAVE_USDC-PERPETUAL	−0.4405%	1h	143.27	−0.424%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSDlong	−0.0056%	1h	143.88	long leg	$11K	$2K	5x
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.96	+0.057%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.97	+0.063%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.03	+0.104%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.93	+0.032%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	+0.090%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.810%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.91	+0.021%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.84	−0.026%	—	—	20x	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	+0.0050%	8h	143.93	+0.035%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	143.91	+0.021%	$64.8M	$185.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	143.94	+0.042%	$17.4M	$65.8M	50x	as long as short
Gate AAVE_USDT	+0.0083%	8h	143.88	0.000%	$7.7M	$15.1M	75x	as long as short
SoDEX AAVE-USD	+0.0086%	1h	143.89	+0.007%	$5K	$298K	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.92	+0.031%	$184K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.05	+0.121%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.94	+0.044%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.88	−0.002%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.79	−0.059%	$800K	$426K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.98	+0.070%	$78.0M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.99	+0.074%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.88	−0.001%	$328K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.97	+0.063%	$61.7M	$65.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.89	+0.007%	$44K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.266%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.88	0.000%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.88	0.000%	$29.9M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.92	+0.028%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.98	+0.070%	$323K	$747K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	143.89	+0.009%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.91	+0.020%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	+0.053%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	+0.070%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.90	+0.014%	$124K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.92	+0.025%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.08	+0.138%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.95	+0.049%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.85	−0.023%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0357%	1h	143.95	+0.046%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.285%	$773K	$2.8M	50x	as long as short