Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.020%

Price spread now: GRVT against edgeX+0.080%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.080%, 7d avg +0.006%

Together, before fees−0.165%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$16 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 0.074% dearer against edgeX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	145.74	0.0100	pay 0.0050% / 4h	3h 41m	$105K	$318K	20x
Short	GRVT AAVE_USDT_Perp	145.86	0.0093	get 0.0093% / 8h	7h 41m	$457K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against edgeX. 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 edgeXbpFee GRVTbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$1.47
Price spread: +0.080% → +0.006%: $7.39
Slippage, 4 orders: −$17.47
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$29.55
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 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 edgeX live order book, 31 min ago	3.76 bp	8.6 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	0.68 bp	10.6 bp −$11	24.8 bp −$248	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.45	+0.484%	$3.5M	$2.1M	50x	as long as short
Phemex AAVEUSDT	−0.0172%	8h	146.28	+0.368%	$4.2M	$3.8M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.11	+0.252%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0057%	1h	146.31	+0.389%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.306%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.14	+0.272%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	+0.046%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.35	+0.416%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.31	+0.389%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.16	+0.286%	$29.3M	$25.7M	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	+0.0025%	8h	146.29	+0.378%	$66.3M	$186.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.026%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	+0.267%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.28	+0.368%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	+0.039%	$136K	$230K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.16	+0.286%	$18.0M	$67.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.31	+0.386%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0093%	8h	145.86	+0.080%	$457K	$3.9M	10x
BloFin AAVE-USDT	+0.0095%	8h	146.22	+0.327%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.54	+0.550%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.07	+0.222%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.04	+0.207%	$799K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.42	+0.464%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.38	+0.437%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.07	+0.224%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.25	+0.348%	$62.5M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.12	+0.259%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.211%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.33	+0.403%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.30	+0.382%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.26	+0.355%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.34	+0.410%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.42	+0.464%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.076%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	145.74	long leg	$105K	$318K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	146.21	+0.320%	$128K	$434K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.08	+0.234%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.41	+0.459%	$698K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.10	+0.248%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.15	+0.278%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.27	+0.362%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	+0.231%	$786K	$3.1M	50x	as long as short