Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: BingX against GRVT+0.329%114s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.278% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.286%−$29 · spread now +0.329%, 7d avg −0.028%

Together, before fees−0.222%+ Points / potential airdropGRVT: Active · farm board−$22 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: BingX is 0.357% dearer against GRVT than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 114 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	GRVT AAVE_USDT_Perp	145.69	0.0100	pay 0.0100% / 8h	33m 45s	$461K	$3.8M	10x
Short	BingX AAVE-USDT	146.17	0.0100	get 0.0100% / 8h	33m 45s	—	$43.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.329%Rate

Funding earned: $0
Price spread: +0.329% → −0.028%: $35.71
Slippage, 4 orders: −$8.82
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $7.9
Costs to cover: 0.278%
Break-even: from the start

Slippage from GRVT: live order book, 5 min ago; BingX: live order book, 5 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, 5 min ago	0.34 bp	5.9 bp −$6	20.7 bp −$207	26042.3 bp −$2.60M	doesn't fit
Sell BingX live order book, 5 min ago	0.69 bp	6.8 bp −$7	8.6 bp −$86	19.4 bp −$1,942	39.8 bp −$19.9K

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	−0.0076%	1h	146.04	+0.240%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	+0.233%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.09	+0.274%	$255K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	+0.305%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.28	+0.404%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.09	+0.274%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.14	+0.306%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.11	+0.287%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.993%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0039%	8h	146.18	+0.336%	$66.6M	$186.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0040%	8h	146.18	+0.336%	$30.5M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.00	+0.212%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.04	+0.240%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.17	+0.329%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.16	+0.322%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.08	+0.270%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.39	+0.483%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.19	+0.340%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	+0.205%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.34	+0.446%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.17	+0.328%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.19	+0.343%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.17	+0.329%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.26	+0.391%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	+0.130%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.18	+0.336%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.15	+0.315%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	146.17	+0.329%	—	$43.9M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.22	+0.363%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	+0.300%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.006%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	145.69	long leg	$461K	$3.8M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	145.66	−0.021%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.10	+0.281%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.03	+0.234%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.17	+0.326%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.07	+0.260%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.17	+0.328%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.29	+0.408%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.13	+0.301%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.09	+0.277%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.25	+0.384%	$788K	$3.0M	50x	as long as short