Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.025%

Price spread now: GRVT against gTrade (Gains Network)+0.106%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.106% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread 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	gTrade (Gains Network) AAVE/USD	142.19	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	22m 36s	$79K	—	150x
Short	GRVT AAVE_USDT_Perp	142.34	0.0100	get 0.0100% / 8h	2h 22m	$454K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GRVTbpOrdersPrice spread, now +0.106%Rate

Funding earned: $19.96
Price spread: +0.106% → 0.000%: $10.55
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $11.51
Costs to cover: 0.190%
Break-even: 3.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 1 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	1.05 bp	12.8 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit

gTrade (Gains Network): 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
dYdX AAVE-USD	0.0000%	1h	142.34	+0.108%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.16	−0.021%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	+0.007%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	142.19	long leg	$79K	—	150x
Nado AAVE-PERP	+0.0031%	1h	142.10	−0.060%	$832K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.678%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.06	−0.094%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.22	+0.021%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.29	+0.074%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.39	+0.141%	$77.8M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.49	+0.211%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.35	+0.113%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.54	+0.246%	$64.0M	$191.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	+0.267%	$61.1M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.55	+0.253%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.55	+0.253%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	+0.063%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.45	+0.183%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.44	+0.176%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.24	+0.035%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.45	+0.183%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.44	+0.176%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.111%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.94	−0.176%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	142.34	+0.106%	$454K	$3.9M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	−0.105%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	−0.021%	$140K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.12	−0.049%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.22	+0.021%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.209%	$679K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	+0.028%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.42	+0.159%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.51	+0.225%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.22	+0.020%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.127%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0139%	1h	142.33	+0.098%	$337K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.52	+0.230%	$191K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.17	−0.014%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.30	+0.080%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	142.50	+0.217%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.16	−0.022%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.17	−0.014%	$758K	$2.8M	50x	as long as short