Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.291%

Price spread now: GRVT against Deribit+0.266%75s7-day average −0.021% · you sell dearer than you buy

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

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 3 days (all we have)−0.670%−$67 · spread now +0.266%, 7d avg −0.021%

Together, before fees−0.259%+ Points / potential airdropGRVT: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.287% dearer against Deribit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	145.28	−0.0094	get 0.0012% / 1h	52m 08s	$247K	$477K	50x
Short	GRVT AAVE_USDT_Perp	145.67	0.0100	get 0.0100% / 8h	2h 52m	$461K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee GRVTbpOrdersPrice spread, now +0.266%Rate

Funding earned: $40.74
Price spread: +0.266% → −0.021%: $28.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $53.45
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Deribit: live order book, 32 min ago; GRVT: live order book, 2 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 Deribit live order book, 32 min ago	14.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	0.34 bp	10.6 bp −$11	22.0 bp −$220	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	−0.0165%	1h	145.20	−0.055%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.11	−0.117%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	+0.014%	$135K	$229K	50x	as long as short
Deribit AAVE_USDC-PERPETUALlong	−0.0094%	1h	145.28	long leg	$247K	$477K	50x
Phoenix AAVE	−0.0044%	1h	145.35	+0.048%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	+0.021%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	+0.028%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	+0.041%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.28	+0.002%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.727%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.21	−0.049%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.16	−0.083%	$17.7M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.24	−0.028%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.19	−0.062%	$7.8M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	145.16	−0.083%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.16	−0.085%	$66.0M	$181.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	+0.032%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.18	−0.068%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.12	−0.111%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.14	−0.096%	$814K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.31	+0.021%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.20	−0.057%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.18	−0.069%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.19	−0.062%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.12	−0.110%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.664%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.27	−0.007%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.13	−0.103%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.19	−0.062%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.28	0.000%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.058%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+0.128%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	145.67	+0.266%	$461K	$4.1M	10x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.26	−0.014%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.23	−0.032%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	0.000%	$739K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.24	−0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.22	−0.039%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.85	−0.299%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	+0.021%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.35	+0.048%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.34	+0.043%	$125K	—	100x	as long as short