Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Arcus−0.261%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.261%, 7d avg −0.004%

Together, before fees+0.389%+ Points / potential airdropGRVT: Active · farm board+$39 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: GRVT is 0.257% cheaper against Arcus than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	144.25	0.0100	pay 0.0013% / 1h	31m 34s	$45K	$192K	10x
Short	GRVT AAVE_USDT_Perp	143.87	0.0100	get 0.0100% / 8h	6h 31m	$452K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Arcus. 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 ArcusbpFee GRVTbpOrdersPrice spread, now −0.261%Rate

Funding earned: $0
Price spread: −0.261% → −0.004%: −$25.73
Slippage, 4 orders: −$22.76
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$61.98
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Arcus: live order book, 37 min ago; GRVT: live order book, 2 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 Arcus live order book, 37 min ago	2.39 bp	10.4 bp −$10	25.1 bp −$251	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.04 bp	9.9 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit

AAVE on 41 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	−0.0513%	1h	144.09	−0.111%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.25	0.000%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.23	−0.012%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	−0.008%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.08	−0.118%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	−0.005%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.166%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.054%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.24	−0.007%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.24	−0.008%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.14	−0.076%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	144.24	−0.006%	$65.0M	$184.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.15	−0.069%	$17.4M	$65.5M	50x	as long as short
Gate AAVE_USDT	+0.0088%	8h	144.24	−0.007%	$7.7M	$15.1M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.30	+0.031%	$186K	$230K	10x	as long as short
SoDEX AAVE-USD	+0.0092%	1h	144.13	−0.083%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.32	+0.047%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.24	−0.004%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.17	−0.055%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.15	−0.069%	$802K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.28	+0.021%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.24	−0.010%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.19	−0.042%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.23	−0.014%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.25	long leg	$45K	$192K	10x
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.522%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.21	−0.028%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.21	−0.028%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.24	−0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.24	−0.007%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.248%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.237%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	143.87	−0.261%	$452K	$3.8M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	−0.187%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.035%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	−0.037%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.209%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.12	−0.090%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.19	−0.043%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0236% / S −0.0359%	1h	144.27	+0.016%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.028%	$773K	$2.8M	50x	as long as short