Funding arb · Price arb /

AAVE

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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 −0.047%

Price spread now: Variational Omni against Paradex−0.178%7-day average — · you buy dearer than you sell

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

Long on Paradex 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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.178% cheaper against Paradex than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	143.63	0.0100	pay 0.0100% / 8h	2h 04m	$13K	$4K	20x
Short	Variational Omni AAVE	143.38	0.0100	get 0.0100% / 8h	2h 04m	$3.8M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → 0.000%: −$17.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.84
Costs to cover: 0.040%
Break-even: 47225.3 days

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.05 bp	doesn't fit	12.8 bp −$128	doesn't fit	doesn't fit

Paradex: 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	−0.0377%	1h	143.37	−0.184%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0139%	1h	143.32	−0.219%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	143.58	−0.038%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.324%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.54	−0.063%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.75	+0.080%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.40	−0.164%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.45	−0.127%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.647%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.48	−0.109%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0046%	8h	143.30	−0.232%	$65.2M	$185.3M	75x	as long as short
MEXC AAVE_USDT	+0.0047%	8h	143.23	−0.282%	$30.7M	$26.5M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.34	−0.205%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.28	−0.247%	$17.3M	$65.8M	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	143.33	−0.212%	$7.7M	$16.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0062%	1h	143.74	+0.073%	$134K	$229K	50x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.237%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.303%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.54	−0.066%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.36	−0.188%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.65	+0.008%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	143.63	long leg	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	143.56	−0.052%	$797K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.41	−0.157%	$79.0M	$33.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.37	−0.184%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	−0.031%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.34	−0.205%	$61.0M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.58	−0.038%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.25	−0.268%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.24	−0.275%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.37	−0.184%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.45	−0.129%	$379K	$709K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	143.38	−0.178%	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.296%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.65	+0.011%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.32	−0.216%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.67	+0.026%	$715K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.49	−0.101%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.18	−0.313%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0166%	8h	143.30	−0.233%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.66	+0.017%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.42	−0.151%	$124K	—	100x	as long as short