Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: GRVT against Bulk+0.060%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.060% dearer against Bulk than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	141.50	0.0100	pay 0.0013% / 1h	31m 14s	$57K	$2K	10x
Short	GRVT AAVE_USDT_Perp	141.58	0.0100	get 0.0100% / 8h	4h 31m	$454K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bulk. 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 BulkbpFee GRVTbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → 0.000%: $6.01
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.99
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bulk: no order-book sample; GRVT: live order book, 3 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 Bulk no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	0.70 bp	8.8 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD	−0.0160%	1h	142.75	+0.887%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.74	+0.878%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.61	+0.788%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.76	+0.894%	$220K	$400K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.78	+0.911%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0013%	1h	142.65	+0.820%	$841K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.205%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.73	+0.874%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	142.73	+0.873%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.36	+0.611%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0065%	1h	142.77	+0.901%	$5K	$300K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.84	+0.947%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.76	+0.891%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.86	+0.965%	$77.0M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.82	+0.935%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.76	+0.893%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.83	+0.943%	$63.9M	$186.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.83	+0.943%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.84	+0.951%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.85	+0.958%	$64K	$204K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	141.50	long leg	$57K	$2K	10x
Gate AAVE_USDT	+0.0100%	8h	142.81	+0.929%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.84	+0.951%	$25.2M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.86	+0.965%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.73	+0.873%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.76	+0.894%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.56	+0.753%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.38	−0.081%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.50	+0.006%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	141.58	+0.060%	$454K	$3.7M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	142.16	+0.470%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.80	+0.922%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.74	+0.878%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.85	+0.958%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.76	+0.894%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.68	+0.840%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.79	+0.913%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.81	+0.927%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.76	+0.894%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.78	+0.906%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.90	+0.992%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.87	+0.972%	$792K	$2.8M	50x	as long as short