Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Variational Omni against BingX−0.606%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.606% cheaper against BingX than usual: you would sell low and buy high, −$61 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	BingX AAVE-USDC	143.56	0.0100	pay 0.0100% / 8h	2h 17m	—	$6.5M	—
Short	Variational Omni AAVE	142.69	0.0100	get 0.0100% / 8h	2h 17m	$3.7M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.606%Rate

Funding earned: $0
Price spread: −0.606% → 0.000%: −$60.6
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$70.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Variational Omni: RFQ quote, 1 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 BingX live order book, 3 min ago	0.70 bp	14.5 bp −$15	40.4 bp −$404	237.6 bp −$23.8K	621.0 bp −$310.5K
Sell Variational Omni RFQ quote, 1 min ago	3.07 bp	doesn't fit	11.2 bp −$112	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	143.59	+0.019%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	−0.049%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.65	+0.063%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.63	+0.047%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.57	+0.007%	$840K	$399K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.597%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.59	+0.019%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.65	+0.063%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0092%	8h	143.63	+0.049%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.58	+0.013%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.60	+0.027%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.60	+0.028%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.60	+0.028%	$64.5M	$191.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.62	+0.042%	$61.7M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.57	+0.007%	$17.2M	$65.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.70	+0.098%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.892%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.56	0.000%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.61	+0.035%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.64	+0.056%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.54	−0.014%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	143.56	long leg	—	$6.5M	—
Variational Omni AAVEshort	+0.0100%	8h	142.69	−0.606%	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.543%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.994%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.961%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.66	+0.070%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.65	+0.061%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.65	+0.063%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.66	+0.072%	$682K	$5.2M	75x	as long as short
Hyperliquid AAVE	+0.0101%	1h	143.71	+0.104%	$78.5M	$37.2M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.47	−0.060%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.60	+0.028%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.47	−0.064%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.864%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0159%	1h	143.69	+0.091%	$341K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.58	+0.016%	$195K	$255K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.51	−0.035%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.72	+0.111%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.77	+0.144%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.62	+0.041%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	+0.014%	$767K	$2.9M	50x	as long as short