Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.029%

Price spread now: RISEx against Variational Omni+0.191%7-day average +0.019% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.191%, 7d avg +0.019%

Together, before fees−0.262%+ Points / potential airdropVariational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.172% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	140.89	0.0100	pay 0.0100% / 8h	18m 02s	$3.7M	$1.2M	—
Short	RISEx AAVE/USDC	141.16	0.0245	get 0.0031% / 1h	18m 02s	$189K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.191%Rate

Funding earned: $30.5
Price spread: +0.191% → +0.019%: $17.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $41.68
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; RISEx: live order book, 20 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, 1 min ago	3.09 bp	doesn't fit	11.3 bp −$113	doesn't fit	doesn't fit
Sell RISEx live order book, 20 min ago	1.06 bp	4.1 bp −$4	8.9 bp −$89	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
dYdX AAVE-USD	0.0000%	1h	141.19	+0.213%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.10	+0.149%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.16	+0.191%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.14	+0.177%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.790%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.03	+0.101%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.12	+0.163%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.33	+0.314%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.08	+0.134%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.02	+0.096%	$825K	$399K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.29	+0.284%	$77.1M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.20	+0.222%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.11	+0.159%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.21	+0.227%	$63.4M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.18	+0.206%	$60.7M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.20	+0.220%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.22	+0.234%	$91K	$221K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.17	+0.198%	$8.0M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.21	+0.227%	$22.6M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.18	+0.206%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.16	+0.191%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.14	+0.177%	—	$43.6M	—	as long as short
Variational Omni AAVElong	+0.0100%	8h	140.89	long leg	$3.7M	$1.2M	—
edgeX AAVEUSDC	+0.0100%	4h	140.92	+0.019%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.02	+0.093%	$444K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.98	+0.064%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.13	+0.170%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.07	+0.125%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.15	+0.184%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.21	+0.229%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.15	+0.184%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.18	+0.206%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.12	+0.162%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.16	+0.191%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.17	+0.198%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.08	+0.135%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.227%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDCshort	+0.0245%	1h	141.16	+0.191%	$189K	$292K	10x
Backpack AAVE_USDC_PERP	+0.0250%	1h	141.27	+0.269%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.13	+0.173%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.10	+0.149%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.26	+0.261%	$3.4M	$2.1M	50x	as long as short