Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: GRVT against ApeX Omni−0.019%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.019%, 7d avg −0.016%

Together, before fees−0.074%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	146.19	0.0100	pay 0.0013% / 1h	27m 59s	$136K	$229K	50x
Short	GRVT AAVE_USDT_Perp	146.16	0.0100	get 0.0100% / 8h	27m 59s	$462K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.016%: −$0.2
Slippage, 4 orders: −$25.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.13
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 48 min ago; GRVT: live order book, 6 min ago.

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 ApeX Omni live order book, 48 min ago	6.90 bp	14.3 bp −$14	93.3 bp −$933	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	0.34 bp	9.1 bp −$9	20.9 bp −$209	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	−0.0076%	1h	146.04	−0.103%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.18	−0.007%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.05	−0.096%	$255K	$394K	50x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.03	−0.109%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.13	−0.039%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.02	−0.116%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.12	−0.047%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.06	−0.087%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.314%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.06	−0.089%	$30.2M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	146.06	−0.088%	$66.6M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.95	−0.166%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.98	−0.144%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.05	−0.096%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.06	−0.089%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.06	−0.086%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.24	+0.036%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.02	−0.116%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	−0.140%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.20	+0.007%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.12	−0.046%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	−0.087%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.06	−0.089%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.02	−0.116%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.082%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.05	−0.096%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.00	−0.130%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.06	−0.089%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.14	−0.034%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.17	−0.015%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.18	−0.007%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	146.16	−0.019%	$462K	$3.8M	10x
ApeX Omni AAVEUSDTlong	+0.0100%	1h	146.19	long leg	$136K	$229K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	146.04	−0.103%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.09	−0.067%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	−0.067%	$698K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.07	−0.082%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.03	−0.111%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.05	−0.095%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.12	−0.048%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.06	−0.091%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.096%	$788K	$3.0M	50x	as long as short