Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.036%

Price spread now: Variational Omni against RISEx−0.305%7-day average −0.013% · you buy dearer than you sell

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.494%+$49 · spread now −0.305%, 7d avg −0.013%

Together, before fees+0.457%+ Points / potential airdropVariational Omni: Active · farm board+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.292% cheaper against RISEx than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	146.52	0.0106	pay 0.0013% / 1h	22m 32s	$186K	$246K	10x
Short	Variational Omni AAVE	146.07	0.0100	get 0.0100% / 8h	22m 32s	$3.8M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now −0.305%Rate

Funding earned: −$1.25
Price spread: −0.305% → −0.013%: −$29.22
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.46
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 56 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 RISEx live order book, 56 min ago	1.31 bp	4.3 bp −$4	7.8 bp −$78	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.09 bp	doesn't fit	12.2 bp −$122	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
SoDEX AAVE-USD	−0.0069%	1h	145.77	−0.509%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	−0.393%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	146.47	−0.031%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.16	−0.246%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.74	−0.529%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.79	−0.495%	$255K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	−0.431%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.75	−0.521%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.522%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.20	−0.215%	$29.9M	$26.0M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	146.46	−0.040%	$66.7M	$186.4M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.34	−0.122%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.72	−0.543%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.22	−0.202%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	146.35	−0.113%	$17.9M	$67.9M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.77	−0.506%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.12	−0.268%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.32	−0.135%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.36	−0.106%	$806K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.87	−0.441%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.15	−0.247%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	−0.273%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.40	−0.079%	$62.4M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.40	−0.079%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.304%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.20	−0.215%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.33	−0.127%	$30.5M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.34	−0.120%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	−0.413%	$347K	$745K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	146.07	−0.305%	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	145.77	−0.510%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	−0.330%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.543%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.44	−0.052%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.59	−0.629%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	−0.481%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.80	−0.488%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.32	−0.133%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDClong	+0.0106%	1h	146.52	long leg	$186K	$246K	10x
BloFin AAVE-USDT	+0.0161%	8h	145.75	−0.523%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.70	−0.553%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.90	−0.420%	$786K	$3.0M	50x	as long as short