Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.008%

Price spread now: Variational Omni against SoDEX+0.205%7-day average −0.010% · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.394%−$39 · spread now +0.205%, 7d avg −0.010%

Together, before fees−0.384%+ Points / potential airdropVariational Omni: Active · farm board−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.214% dearer against SoDEX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	145.77	−0.0069	get 0.0009% / 1h	23m 04s	$5K	$305K	10x
Short	Variational Omni AAVE	146.07	0.0100	get 0.0100% / 8h	23m 04s	$3.8M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.205%Rate

Funding earned: $35.47
Price spread: +0.205% → −0.010%: $21.45
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $48.92
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: live order book, 55 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 SoDEX live order book, 55 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell Variational Omni RFQ quote, 1 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-USDlong	−0.0069%	1h	145.77	long leg	$5K	$305K	10x
Phoenix AAVE	−0.0027%	1h	145.94	+0.117%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	145.68	−0.062%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.79	+0.013%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.74	−0.021%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.79	+0.014%	$255K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	+0.078%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.75	−0.012%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.044%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.77	+0.001%	$66.4M	$186.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0041%	8h	145.76	−0.007%	$29.8M	$26.0M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.100%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.72	−0.034%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.83	+0.041%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	145.76	−0.007%	$17.9M	$67.6M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.77	+0.003%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.99	+0.153%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.70	−0.050%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.63	−0.096%	$801K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.94	+0.117%	$80.5M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.91	+0.098%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.70	−0.049%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.79	+0.014%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.67	−0.069%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.206%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.86	+0.062%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.72	−0.034%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.82	+0.034%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	+0.096%	$347K	$745K	10x	as long as short
Variational Omni AAVEshort	+0.0100%	8h	146.07	+0.205%	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	145.77	−0.001%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.180%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.034%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.74	−0.021%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.59	−0.121%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	+0.028%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.80	+0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.73	−0.028%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.71	−0.044%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.75	−0.014%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.70	−0.045%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.90	+0.089%	$786K	$3.0M	50x	as long as short