Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.045%

Price spread now: Aster against Variational Omni+0.096%7-day average +0.033% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.096%, 7d avg +0.033%

Together, before fees−0.141%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$14 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: Aster is 0.063% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	145.20	0.0100	pay 0.0100% / 8h	5m 15s	$3.8M	$1.4M	—
Short	Aster AAVEUSDT	145.33	0.0100	get 0.0100% / 8h	5m 15s	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.033%: $6.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.71
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 3 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, 4 min ago	3.06 bp	doesn't fit	13.2 bp −$132	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.12 bp	10.4 bp −$10	23.3 bp −$233	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	−0.0127%	1h	145.44	+0.168%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	145.34	+0.100%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.87	+0.465%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.47	+0.189%	$254K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.41	+0.150%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.41	+0.148%	$77K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.58	+0.263%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.53	+0.234%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.46	+0.182%	$66.3M	$187.7M	75x	as long as short
MEXC AAVE_USDT	+0.0028%	8h	145.42	+0.155%	$29.6M	$26.1M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.672%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.40	+0.144%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.41	+0.148%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	145.43	+0.162%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0072%	8h	145.45	+0.175%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.44	+0.165%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.65	+0.310%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.28	+0.059%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.33	+0.093%	$800K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.51	+0.217%	$80.0M	$35.0M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	145.33	+0.096%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	145.30	+0.070%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.45	+0.175%	$62.0M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.34	+0.100%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	+0.270%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.41	+0.148%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.39	+0.134%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.44	+0.168%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.35	+0.106%	$347K	$746K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	145.20	long leg	$3.8M	$1.4M	—
edgeX AAVEUSDC	+0.0100%	4h	145.56	+0.254%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.55	+0.242%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.47	+0.189%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.47	+0.189%	$127K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.42	+0.157%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	+0.420%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.50	+0.210%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.41	+0.145%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.40	+0.137%	$184K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0110%	8h	145.45	+0.175%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.53	+0.227%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.65	+0.313%	$791K	$3.0M	50x	as long as short