Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.020%

Price spread now: Bulk against GRVT+0.104%55s7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Bulk

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 $0 a day on $10k at the current rate, and Bulk is 0.104% dearer against GRVT than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	144.18	0.0086	pay 0.0086% / 8h	2h 12m	$451K	$3.9M	10x
Short	Bulk AAVE-USD	144.33	0.0100	get 0.0013% / 1h	12m 35s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.104%Rate

Funding earned: $2.94
Price spread: +0.104% → 0.000%: $10.44
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$2.62
Costs to cover: 0.160%
Break-even: 13.2 days

Slippage unknown: GRVT: live order book, 1 min ago; Bulk: no order-book sample. 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 GRVT live order book, 1 min ago	0.35 bp	6.2 bp −$6	20.3 bp −$203	24416.0 bp −$2.44M	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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
Deribit AAVE_USDC-PERPETUAL	−0.0374%	1h	144.16	−0.017%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0155%	1h	144.06	−0.086%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	144.03	−0.107%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.39	+0.143%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.15	−0.027%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.17	−0.010%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.22	+0.021%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.18	−0.004%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.010%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.12	−0.045%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0050%	8h	143.98	−0.141%	$65.6M	$184.8M	75x	as long as short
MEXC AAVE_USDT	+0.0050%	8h	144.00	−0.128%	$31.2M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.13	−0.038%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	143.97	−0.149%	$17.4M	$66.0M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.05	−0.093%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0079%	1h	144.26	+0.053%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perplong	+0.0086%	8h	144.18	long leg	$451K	$3.9M	10x
Lighter AAVE	+0.0096%	1h	144.23	+0.034%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.12	−0.043%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.09	−0.065%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.105%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.128%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.18	−0.003%	$80.2M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	−0.086%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.099%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.03	−0.107%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.06	−0.086%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.11	−0.051%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.01	−0.121%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.04	−0.100%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.15	−0.024%	$380K	$708K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.059%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.28	+0.065%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.21	+0.018%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.11	−0.053%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.062%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.11	−0.051%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	144.33	+0.104%	$61K	$3K	10x
Extended AAVE-USD	+0.0104%	1h	144.01	−0.122%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0170%	8h	144.02	−0.114%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.226%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.20	+0.009%	$124K	—	100x	as long as short