Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.021%

Price spread now: 01 Exchange against Variational Omni−0.379%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on 01 Exchange

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.379% cheaper against Variational Omni than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	144.28	0.0100	pay 0.0100% / 8h	5h 11m	$3.7M	$1.3M	—
Short	01 Exchange AAVEUSD	143.73	−0.0048	pay 0.0006% / 1h	11m 41s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Variational Omni. 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 Variational OmnibpFee 01 ExchangebpOrdersPrice spread, now −0.379%Rate

Funding earned: −$31.08
Price spread: −0.379% → 0.000%: −$37.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$75.98
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago	3.06 bp	doesn't fit	12.0 bp −$120	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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 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	−0.462%	$228K	$389K	50x	as long as short
01 Exchange AAVEUSDshort	−0.0048%	1h	143.73	−0.379%	$11K	$2K	5x
dYdX AAVE-USD	0.0000%	1h	143.62	−0.455%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.393%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.73	−0.377%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.071%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	−0.438%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.66	−0.428%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.78	−0.344%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	−0.143%	$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	−0.319%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.58	−0.482%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.74	−0.372%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.67	−0.419%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.64	−0.441%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.73	−0.379%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.76	−0.358%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.76	−0.358%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.77	−0.351%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.140%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.65	−0.434%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.65	−0.434%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.68	−0.414%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.68	−0.414%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.69	−0.407%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	−0.434%	$320K	$691K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	144.28	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.82	−0.319%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	−0.273%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	−0.261%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.74	−0.372%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.74	−0.371%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	−0.448%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.76	−0.358%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.67	−0.421%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.66	−0.425%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.69	−0.403%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.80	−0.328%	$185K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	−0.296%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	−0.385%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.72	−0.387%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	−0.178%	$783K	$2.8M	50x	as long as short