Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h −0.025%

Price spread now: Variational Omni against Nado+0.435%7-day average −0.001% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.583%−$58 · spread now +0.435%, 7d avg −0.001%

Together, before fees−0.650%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.436% dearer against Nado than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 3 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	142.16	0.0018	pay 0.0002% / 1h	31m 43s	$828K	$400K	10x
Short	Variational Omni AAVE	142.78	0.0100	get 0.0100% / 8h	2h 31m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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 NadobpFee Variational OmnibpOrdersPrice spread, now +0.435%Rate

Funding earned: $17.16
Price spread: +0.435% → −0.001%: $43.56
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $53.72
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 17 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 Nado live order book, 17 min ago	1.05 bp	7.6 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.09 bp	doesn't fit	12.0 bp −$120	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	142.06	−0.075%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.02	−0.102%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.05	−0.081%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.14	−0.015%	$79K	—	150x	as long as short
Nado AAVE-PERPlong	+0.0018%	1h	142.16	long leg	$828K	$400K	10x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.661%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.10	−0.047%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0067%	8h	142.11	−0.039%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0088%	8h	142.10	−0.046%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.35	+0.130%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.07	−0.064%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.10	−0.048%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.10	−0.044%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.10	−0.046%	$63.4M	$189.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.08	−0.060%	$60.9M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.07	−0.067%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.20	+0.025%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.121%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.12	−0.032%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.12	−0.032%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.12	−0.032%	$10.2M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.08	−0.060%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.08	−0.060%	—	$43.5M	—	as long as short
Variational Omni AAVEshort	+0.0100%	8h	142.78	+0.435%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.11	+0.665%	$106K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	+0.390%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.17	+0.707%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.30	+0.095%	$136K	$462K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.32	+0.110%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.07	−0.067%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.44	+0.195%	$681K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.05	−0.078%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.13	−0.028%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0113%	1h	142.19	+0.018%	$77.7M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.85	+0.482%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0151%	1h	142.19	+0.018%	$334K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.16	−0.004%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.34	+0.123%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.17	+0.002%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.14	−0.021%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.30	+0.093%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.15	−0.011%	$770K	$2.8M	50x	as long as short