Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.048%

Price spread now: Extended against Variational Omni−0.136%7-day average −0.034% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.136%, 7d avg −0.034%

Together, before fees+0.211%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$21 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: Extended is 0.103% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	144.87	0.0100	pay 0.0100% / 8h	2h 24m	$3.8M	$1.3M	—
Short	Extended AAVE-USD	144.67	0.0104	get 0.0013% / 1h	24m 48s	$933K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0.84
Price spread: −0.136% → −0.034%: −$10.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.42
Costs to cover: 0.050%
Break-even: 127.2 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Extended: live order book, 4 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	3.11 bp	doesn't fit	14.5 bp −$145	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.77 bp	7.8 bp −$8	21.7 bp −$217	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
Deribit AAVE_USDC-PERPETUAL	−0.0510%	1h	144.68	−0.131%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	144.65	−0.152%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.71	−0.110%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	−0.048%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.85	−0.016%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.59	−0.193%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.76	−0.073%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.82	−0.037%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.460%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.67	−0.137%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	−0.083%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.72	−0.103%	$17.5M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.66	−0.145%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.69	−0.124%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0059%	8h	144.67	−0.138%	$65.9M	$184.2M	75x	as long as short
MEXC AAVE_USDT	+0.0060%	8h	144.65	−0.152%	$31.5M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0086%	1h	144.77	−0.071%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	−0.077%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.87	+0.001%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.70	−0.116%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.74	−0.089%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.72	−0.106%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.82	−0.034%	$80.5M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.71	−0.109%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.71	−0.113%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.73	−0.097%	$61.6M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	−0.117%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.396%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.72	−0.103%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.71	−0.110%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.69	−0.124%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.80	−0.048%	$378K	$702K	10x	as long as short
Variational Omni AAVElong	+0.0100%	8h	144.87	long leg	$3.8M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	144.67	−0.137%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.78	−0.062%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.64	−0.158%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.81	−0.042%	$721K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.68	−0.131%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	144.67	−0.136%	$933K	$1.8M	50x
BloFin AAVE-USDT	+0.0179%	8h	144.65	−0.152%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.352%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.74	−0.087%	$125K	—	100x	as long as short