Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.001%

Price spread now: Variational Omni against dYdX+0.457%7-day average −0.033% · you sell dearer than you buy

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.457%, 7d avg −0.033%

Together, before fees−0.238%+ Points / potential airdropVariational Omni: Active · farm board−$24 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 Variational Omni is 0.490% dearer against dYdX than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.62	0	get 0.0000% / 1h	11m 41s	$103K	$4K	10x
Short	Variational Omni AAVE	144.28	0.0100	get 0.0100% / 8h	5h 11m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now +0.457%Rate

Funding earned: $21
Price spread: +0.457% → −0.033%: $49.02
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $60.02
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: live order book, 52 min ago; Variational Omni: RFQ quote, 2 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 dYdX live order book, 52 min ago	69.43 bp	74.4 bp −$74	74.4 bp −$744	74.4 bp −$7,443	74.4 bp −$37.2K
Sell Variational Omni RFQ quote, 2 min ago	3.06 bp	doesn't fit	15.3 bp −$153	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
Deribit AAVE_USDC-PERPETUAL	−0.0376%	1h	143.61	−0.007%	$228K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.71	+0.062%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.62	long leg	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.71	+0.062%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.73	+0.078%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.638%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	+0.017%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.66	+0.027%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.78	+0.111%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.313%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.82	+0.136%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	+0.090%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.74	+0.083%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.69	+0.051%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.79	+0.117%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.68	+0.041%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.60	−0.014%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.59	−0.021%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.75	+0.090%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.316%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.60	−0.014%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.61	−0.007%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.66	+0.027%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.59	−0.021%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.60	−0.014%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	+0.020%	$320K	$691K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	144.28	+0.457%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.503%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.536%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.543%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.74	+0.083%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.74	+0.084%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	+0.007%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.76	+0.097%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.67	+0.034%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.57	−0.036%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.69	+0.052%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.78	+0.110%	$186K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	+0.160%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	+0.071%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.72	+0.069%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	+0.278%	$783K	$2.8M	50x	as long as short