Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.018%

Price spread now: Aevo against GRVT+0.268%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1151.147% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.268%, 7d avg +0.019%

Together, before fees−0.077%+ Points / potential airdropGRVT: Active · farm board−$8 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: Aevo is 0.249% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	145.86	0.0093	pay 0.0093% / 8h	7h 42m	$457K	$3.9M	10x
Short	Aevo AAVE-PERP	146.25	0.0088	get 0.0011% / 1h	42m 42s	$124K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now +0.268%Rate

Funding earned: −$1.05
Price spread: +0.268% → +0.019%: $24.9
Slippage, 4 orders: −$89.66
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$90.8
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Aevo: live order book, 31 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 GRVT live order book, 1 min ago	0.68 bp	8.0 bp −$8	14.7 bp −$147	16463.0 bp −$1.65M	doesn't fit
Sell Aevo live order book, 31 min ago	33.86 bp	47.7 bp −$48	277.6 bp −$2,776	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
Phemex AAVEUSDT	−0.0256%	8h	146.24	+0.261%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.32	+0.314%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.15	+0.199%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	146.21	+0.240%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.225%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	+0.240%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.034%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.302%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	+0.287%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.05	+0.130%	$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	146.07	+0.144%	$66.2M	$186.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.102%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	+0.184%	—	—	20x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.041%	$136K	$230K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.21	+0.240%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.09	+0.158%	$17.9M	$67.3M	50x	as long as short
Aevo AAVE-PERPshort	+0.0088%	1h	146.25	+0.268%	$124K	$146	10x
GRVT AAVE_USDT_Perplong	+0.0093%	8h	145.86	long leg	$457K	$3.9M	10x
BloFin AAVE-USDT	+0.0095%	8h	146.22	+0.247%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.26	+0.271%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.07	+0.142%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	+0.230%	$799K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.15	+0.199%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.18	+0.220%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.07	+0.144%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	+0.158%	$62.4M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.12	+0.178%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.130%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.11	+0.171%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.07	+0.144%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.06	+0.137%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.09	+0.158%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.28	+0.288%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.156%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.080%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.21	+0.240%	$128K	$445K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.12	+0.181%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.408%	$699K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.05	+0.133%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.15	+0.198%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.28	+0.285%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	+0.151%	$786K	$3.1M	50x	as long as short