Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%

Price spread now: ApeX Omni against Variational Omni+0.043%88s7-day average +0.037% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.043%, 7d avg +0.037%

Together, before fees+0.125%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	142.05	0.0100	pay 0.0100% / 8h	4h 42m	$3.7M	$1.3M	—
Short	ApeX Omni AAVEUSDT	142.11	0.0100	get 0.0013% / 1h	42m 08s	$132K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.037%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.42
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 14 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 Variational Omni RFQ quote, 2 min ago	3.09 bp	doesn't fit	12.9 bp −$129	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	4.92 bp	12.6 bp −$13	85.6 bp −$856	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
01 Exchange AAVEUSD	−0.0176%	1h	141.89	−0.112%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.99	−0.038%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.96	−0.062%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.02	−0.020%	$220K	$399K	50x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	142.02	−0.020%	$5K	$299K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	+0.003%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.582%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.02	−0.023%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0046%	1h	142.02	−0.020%	$841K	$447K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.02	−0.020%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.04	−0.006%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.07	+0.013%	$4.6M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.00	−0.034%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.08	+0.022%	$76.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.09	+0.028%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.04	−0.006%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.01	−0.027%	$63.4M	$185.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.97	−0.055%	$60.8M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.96	−0.062%	$17.0M	$63.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.02	−0.020%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.050%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.04	−0.006%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.03	−0.013%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.01	−0.027%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.92	−0.091%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.99	−0.041%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.07	+0.015%	$337K	$715K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	142.05	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	141.83	−0.154%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.11	+0.043%	$449K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.11	+0.043%	$132K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.04	−0.006%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.94	−0.077%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	+0.033%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.97	−0.055%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.96	−0.060%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.05	+0.001%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.96	−0.059%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.12	+0.050%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.04	−0.006%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.12	+0.047%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.20	+0.106%	$783K	$2.8M	50x	as long as short