Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.071%
Price spread now: Variational Omni against Coinbase International−0.272%7-day average −0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.134%−$13 on $10k
Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.272%, 7d avg −0.092%
Together, before fees+0.019%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.180% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX146.670.0296pay 0.0037% / 1h8m 49s$787K$2.9M50x
ShortVariational Omni AAVE146.270.0100get 0.0100% / 8h7h 08m$3.8M$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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

Funding earned
−$41.16
Price spread: −0.272% → −0.092%
−$18.04
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$69.2
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 5 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago5.46 bp11.8 bp −$1215.9 bp −$159doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, just now3.07 bpdoesn't fit12.4 bp −$124doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AAVEUSD−0.0184%1h146.58−0.061%$3.5M$2.0M50xas long as short
01 Exchange AAVEUSD−0.0144%1h146.46−0.143%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0066%1h146.48−0.130%$5K$295K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0023%1h146.50−0.116%$255K$367K50xas long as short
Phemex AAVEUSDT−0.0008%8h146.51−0.109%$4.2M$3.8M50xas long as short
dYdX AAVE-USD0.0000%1h146.48−0.130%$104K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h146.48−0.130%$79K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h146.51−0.109%$5K$102K10xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.56−0.077%$71K150xas long as short
MEXC AAVE_USDT+0.0024%8h146.28−0.266%$28.6M$25.9M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0025%8h146.20−0.320%$66.2M$183.3M75xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.620%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h146.45−0.152%20xas long as short
Orderly PERP_AAVE_USDC+0.0044%8h146.48−0.130%$18K$10K10xas long as short
ApeX Omni AAVEUSDT+0.0047%1h146.25−0.286%$136K$231K50xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h146.22−0.307%$17.9M$66.2M50xas long as short
Aevo AAVE-PERP+0.0088%1h146.51−0.109%$124K$14610xas long as short
Lighter AAVE+0.0096%1h146.70+0.018%$4.7M$1.5M10xas long as short
BloFin AAVE-USDT+0.0099%8h146.54−0.089%$3.5M$3.5M100xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.60−0.051%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.51−0.106%$801K$422K10xas long as short
Hyperliquid AAVE+0.0100%1h146.61−0.041%$79.9M$35.3M10xas long as short
Aster AAVEUSDT+0.0100%8h146.55−0.080%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.54−0.089%$335K$469K10xas long as short
Bybit AAVEUSDT+0.0100%8h146.20−0.320%$62.6M$64.8M75xas long as short
Arcus AAVE-USD+0.0100%1h146.55−0.082%$46K$275K10xas long as short
Bulk AAVE-USD+0.0100%1h145.79−0.602%$59K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h146.32−0.239%$7.9M$15.3M75xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.35−0.218%$11.0M$9.0M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.19−0.327%$30.3M$18.0M75xas long as short
BingX AAVE-USDT+0.0100%8h146.19−0.327%$44.2Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.58−0.061%$331K$739K10xas long as short
Variational Omni AAVEshort+0.0100%8h146.27−0.272%$3.8M$1.3M
edgeX AAVEUSDC+0.0100%4h146.26−0.277%$105K$317K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.39−0.191%$466K$3.7M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.59−0.055%$127K$416K10xas long as short
SunX AAVE-USDT+0.0100%8h146.54−0.086%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.59−0.052%$712K$5.2M75xas long as short
Extended AAVE-USD+0.0104%1h146.27−0.275%$939K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h146.57−0.066%$185K$245K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0235% / S −0.0373%1h146.53−0.093%$130K100xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0296%1h146.67long leg$787K$2.9M50x