Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: SoDEX against Variational Omni−0.362%7-day average +0.013% · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.572%+$57 · spread now −0.362%, 7d avg +0.013%

Together, before fees+0.553%+ Points / potential airdropVariational Omni: Active · farm board+$55 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: SoDEX is 0.374% cheaper against Variational Omni than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAVE	143.66	0.0100	pay 0.0100% / 8h	3h 27m	$3.7M	$1.3M	—
Short	SoDEX AAVE-USD	143.14	0.0100	get 0.0013% / 1h	27m 43s	$5K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.362%Rate

Funding earned: $0
Price spread: −0.362% → +0.013%: −$37.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$45.44
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SoDEX: live order book, 26 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	3.11 bp	doesn't fit	12.5 bp −$125	doesn't fit	doesn't fit
Sell SoDEX live order book, 26 min ago	0.35 bp	5.2 bp −$5	9.6 bp −$96	98.9 bp −$9,886	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	143.00	−0.461%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.24	−0.292%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.07	−0.411%	$219K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.10	−0.390%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.664%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	−0.056%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0036%	1h	143.08	−0.400%	$836K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.06	−0.419%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	143.05	−0.425%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0058%	8h	143.09	−0.397%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.26	−0.278%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.18	−0.333%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.00	−0.458%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.27	−0.269%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.91	−0.522%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	−0.501%	$61.5M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.96	−0.487%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.30	−0.250%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.95	−0.494%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.91	−0.522%	$25.5M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.01	−0.452%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.84	−0.571%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.92	−0.515%	—	$43.6M	—	as long as short
Variational Omni AAVElong	+0.0100%	8h	143.66	long leg	$3.7M	$1.3M	—
edgeX AAVEUSDC	+0.0100%	4h	143.48	−0.128%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.58	−0.059%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.53	−0.090%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.20	−0.320%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.11	−0.381%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	143.14	−0.362%	$5K	$309K	10x
HTX AAVE-USDT	+0.0100%	8h	143.31	−0.246%	$686K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	−0.244%	$58K	$2K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0102%	1h	143.11	−0.383%	$336K	$720K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.89	−0.537%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.10	−0.388%	$121K	$146	10x	as long as short
Lighter AAVE	+0.0112%	1h	143.18	−0.337%	$4.5M	$2.3M	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.25	−0.287%	$185K	$252K	10x	as long as short
Hyperliquid AAVE	+0.0206%	1h	143.11	−0.383%	$78.4M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.33	−0.230%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.15	−0.352%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.10	−0.392%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.014%	$788K	$2.8M	50x	as long as short