Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Bitget against GRVT+0.441%113s7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$390.393% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days−0.480%−$48 · spread now +0.441%, 7d avg −0.049%

Together, before fees−0.462%+ Points / potential airdropGRVT: Active · farm board−$46 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: Bitget is 0.489% dearer against GRVT than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.049%. The two prices were read 113 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	143.18	0.0100	pay 0.0100% / 8h	6h 33m	$453K	$3.8M	10x
Short	Bitget AAVEUSDT	143.81	0.0100	get 0.0100% / 8h	6h 33m	$29.9M	$18.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.441%Rate

Funding earned: $0
Price spread: +0.441% → −0.049%: $48.93
Slippage, 4 orders: −$18.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $9.62
Costs to cover: 0.393%
Break-even: from the start

Slippage from GRVT: live order book, 5 min ago; Bitget: 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	1.39 bp	7.5 bp −$8	18.8 bp −$188	22571.2 bp −$2.26M	doesn't fit
Sell Bitget live order book, 5 min ago	0.35 bp	10.6 bp −$11	15.9 bp −$159	51.1 bp −$5,114	doesn't fit

AAVE on 41 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
01 Exchange AAVEUSD	−0.0056%	1h	143.88	+0.490%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.29	+0.776%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.97	+0.553%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.19	+0.706%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.21	+0.720%	$250K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.26	+0.757%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.55	+0.259%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.344%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.20	+0.713%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.19	+0.708%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0050%	8h	143.84	+0.462%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	143.90	+0.504%	$64.8M	$185.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	143.79	+0.427%	$17.4M	$65.7M	50x	as long as short
Gate AAVE_USDT	+0.0083%	8h	143.85	+0.469%	$7.7M	$15.1M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.92	+0.521%	$184K	$229K	10x	as long as short
SoDEX AAVE-USD	+0.0094%	1h	144.16	+0.685%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.09	+0.638%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.25	+0.750%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.88	+0.488%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.19	+0.710%	$802K	$426K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.01	+0.580%	$78.0M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.16	+0.683%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.88	+0.488%	$328K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.81	+0.441%	$61.6M	$65.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.89	+0.497%	$44K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	+0.222%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.84	+0.462%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	143.81	+0.441%	$29.9M	$18.0M	75x
BingX AAVE-USDC	+0.0100%	8h	143.84	+0.462%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.35	+0.818%	$324K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	+0.498%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	+0.509%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	143.18	long leg	$453K	$3.8M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	143.57	+0.273%	$133K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.26	+0.755%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.22	+0.731%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.960%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.16	+0.685%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.75	+0.397%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0356%	1h	144.26	+0.753%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.776%	$773K	$2.8M	50x	as long as short