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 −0.014%

Price spread now: Bybit against GRVT+0.219%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

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

costs, in and out, $10k−$330.326% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.218%−$22 · spread now +0.219%, 7d avg −0.037%

Together, before fees−0.252%+ Points / potential airdropGRVT: Active · farm board−$25 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: Bybit is 0.256% dearer against GRVT than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.037%.

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	34m 50s	$461K	$3.8M	10x
Short	Bybit AAVEUSDT	146.01	0.0100	get 0.0100% / 8h	34m 50s	$62.3M	$66.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.219%Rate

Funding earned: $0
Price spread: +0.219% → −0.037%: $25.61
Slippage, 4 orders: −$12.58
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.97
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	0.34 bp	5.9 bp −$6	20.7 bp −$207	26042.3 bp −$2.60M	doesn't fit
Sell Bybit live order book, 4 min ago	0.34 bp	8.6 bp −$9	13.7 bp −$137	55.5 bp −$5,549	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
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.09	+0.274%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0066%	1h	146.05	+0.246%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	+0.233%	$5K	$99K	10x	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	146.22	+0.363%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.09	+0.274%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.17	+0.328%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.18	+0.334%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.993%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.13	+0.301%	$30.5M	$25.8M	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	+0.0040%	8h	145.99	+0.205%	$66.5M	$186.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	+0.303%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.05	+0.246%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.01	+0.219%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.03	+0.233%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	+0.284%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.29	+0.413%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.02	+0.226%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.03	+0.229%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.26	+0.391%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.17	+0.329%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.09	+0.275%	$333K	$504K	10x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	146.01	+0.219%	$62.3M	$66.0M	75x
Arcus AAVE-USD	+0.0100%	1h	146.17	+0.329%	$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	146.02	+0.226%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.09	+0.274%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.03	+0.233%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.24	+0.377%	$359K	$737K	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	146.23	+0.370%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.07	+0.262%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.45	+0.524%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	+0.288%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.13	+0.298%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.22	+0.361%	$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	146.22	+0.361%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.370%	$789K	$3.0M	50x	as long as short