Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.020%

Price spread now: GRVT against Extended+0.212%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days−0.237%−$24 · spread now +0.212%, 7d avg +0.074%

Together, before fees−0.318%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$32 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 0.138% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	145.38	0.0104	pay 0.0013% / 1h	56m 45s	$941K	$1.8M	50x
Short	GRVT AAVE_USDT_Perp	145.69	0.0100	get 0.0100% / 8h	2h 56m	$461K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.212%Rate

Funding earned: −$0.84
Price spread: +0.212% → +0.074%: $13.78
Slippage, 4 orders: −$19.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$20.6
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	3.09 bp	7.4 bp −$7	20.8 bp −$208	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	0.34 bp	11.9 bp −$12	19.4 bp −$194	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
Deribit AAVE_USDC-PERPETUAL	−0.0782%	1h	145.21	−0.117%	$232K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0292%	1h	145.30	−0.055%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.32	−0.041%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.227%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	−0.015%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	−0.041%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	−0.030%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.43	+0.037%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.791%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.27	−0.073%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.28	−0.068%	$17.8M	$65.5M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.23	−0.103%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0076%	1h	145.72	+0.234%	$135K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.38	0.000%	$7.8M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.38	0.000%	$32.6M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.34	−0.028%	$66.0M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.54	+0.114%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	+0.008%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.079%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.31	−0.044%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.49	+0.077%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.33	−0.036%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	−0.011%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.34	−0.027%	$62.1M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.37	−0.006%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.595%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.33	−0.034%	$9.9M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.29	−0.061%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.34	−0.027%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.46	+0.055%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.728%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.76	+0.260%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	145.69	+0.212%	$461K	$4.1M	10x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.39	+0.007%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.21	−0.119%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.78	+0.274%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.43	+0.035%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	145.38	long leg	$941K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	145.31	−0.048%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0206%	8h	145.29	−0.061%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.57	+0.131%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.32	−0.039%	$135K	—	100x	as long as short