Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Variational Omni against HTX+0.080%7-day average +0.117% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.185%+$19 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.080%, 7d avg +0.117%

Together, before fees+0.048%+ Points / potential airdropVariational Omni: Active · farm board+$5 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: Variational Omni is 0.037% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	144.75	0.0100	pay 0.0100% / 8h	2h 22m	$720K	$4.9M	75x
Short	Variational Omni AAVE	144.87	0.0100	get 0.0100% / 8h	2h 22m	$3.8M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.117%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 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 HTX live order book, 2 min ago	7.33 bp	13.7 bp −$14	49.9 bp −$499	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.08 bp	doesn't fit	13.5 bp −$135	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	−0.0373%	1h	144.45	−0.210%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0192%	1h	144.41	−0.238%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	144.38	−0.258%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.032%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	−0.196%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.40	−0.245%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.52	−0.160%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.52	−0.160%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.384%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.45	−0.207%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	−0.003%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.29	−0.321%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.41	−0.238%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0052%	8h	144.40	−0.245%	$7.7M	$15.9M	75x	as long as short
Binance AAVEUSDT	+0.0054%	8h	144.32	−0.300%	$65.7M	$184.4M	75x	as long as short
MEXC AAVE_USDT	+0.0056%	8h	144.38	−0.258%	$31.4M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0091%	1h	144.34	−0.286%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.003%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.62	−0.095%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.46	−0.203%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.42	−0.229%	$180K	$243K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	−0.249%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.51	−0.169%	$80.3M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.51	−0.165%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	−0.248%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.35	−0.279%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.39	−0.251%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.316%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.47	−0.196%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.35	−0.279%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.40	−0.245%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.53	−0.155%	$377K	$704K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	144.87	+0.080%	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	144.67	−0.057%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.54	−0.148%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.44	−0.217%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.75	long leg	$720K	$4.9M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.45	−0.210%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.40	−0.246%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0176%	8h	144.42	−0.231%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.272%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.54	−0.150%	$124K	—	100x	as long as short