Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.049%
Price spread now: Coinbase International against GRVT−0.338%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$410.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.197%+$20 on $10k
Price spread, last 4 days (all we have)+0.590%+$59 · spread now −0.338%, 7d avg +0.066%
Together, before fees+0.788%+ Points / potential airdropGRVT: Active · farm board+$79 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.404% cheaper against GRVT than usual: you would sell low and buy high (spread −0.338% now, against its 7-day average of +0.066%). If the spread goes back, that is −$40 on $10k: about 5.7 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.197% in total) that is about 14 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT AAVE_USDT_Perp144.460.0100pay 0.0100% / 8h5h 16m$461K$3.7M10x
ShortCoinbase International AAVE-PERP-INTX143.970.0336get 0.0042% / 1h16m 43s$783K$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$49.56
Price spread: −0.338% → +0.066%
−$40.39
Slippage, 4 orders
−$21.71
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$31.53
Costs to cover
0.407%
Break-even
11.5 days
Slippage from GRVT: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 2 min ago0.35 bp7.0 bp −$720.8 bp −$20816893.5 bp −$1.69Mdoesn't fit
Sell Coinbase International live order book, 2 min ago6.58 bp14.2 bp −$1418.2 bp −$182doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSD−0.0048%1h144.37−0.061%$11K$2K5xas long as short
dYdX AAVE-USD0.0000%1h144.32−0.095%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h144.30−0.110%$59K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h144.37−0.061%$229K$389K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.42−0.024%$81K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.191%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h144.35−0.072%20xas long as short
Orderly PERP_AAVE_USDC+0.0045%8h144.39−0.047%$18K$10K10xas long as short
Nado AAVE-PERP+0.0049%1h144.37−0.065%$834K$433K10xas long as short
Phoenix AAVE+0.0089%1h144.46+0.001%$5K$98K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h144.51+0.034%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.37−0.063%$14K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h144.44−0.013%$78.2M$35.1M10xas long as short
Aster AAVEUSDT+0.0100%8h144.42−0.029%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h144.33−0.090%$329K$433K10xas long as short
Binance AAVEUSDT+0.0100%8h144.31−0.103%$64.6M$182.5M75xas long as short
Bybit AAVEUSDT+0.0100%8h144.30−0.110%$61.5M$64.1M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h144.30−0.110%$17.2M$63.5M50xas long as short
Arcus AAVE-USD+0.0100%1h144.40−0.040%$45K$179K10xas long as short
Bulk AAVE-USD+0.0100%1h143.91−0.378%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h144.36−0.068%$7.9M$15.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h144.35−0.075%$26.1M$23.6M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.41−0.033%$10.8M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h144.34−0.082%$30.2M$17.3M75xas long as short
BingX AAVE-USDT+0.0100%8h144.35−0.075%$43.8Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.48+0.015%$322K$692K10xas long as short
Variational Omni AAVE+0.0100%8h144.42−0.028%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h144.42−0.028%$104K$279K20xas long as short
GRVT AAVE_USDT_Perplong+0.0100%8h144.46long leg$461K$3.7M10x
ApeX Omni AAVEUSDT+0.0100%1h144.44−0.013%$134K$219K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h144.42−0.027%$128K$422K10xas long as short
SunX AAVE-USDT+0.0100%8h144.37−0.061%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h144.36−0.068%$5K$301K10xas long as short
HTX AAVE-USDT+0.0100%8h144.50+0.028%$696K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.35−0.075%$4.1M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h144.29−0.115%$918K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h144.40−0.039%$122K$14610xas long as short
RISEx AAVE/USDC+0.0195%1h144.43−0.023%$188K$235K10xas long as short
BloFin AAVE-USDT+0.0220%8h144.35−0.075%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0263% / S −0.0420%1h144.43−0.023%$125K100xas long as short
Kraken Futures PF_AAVEUSD+0.0266%1h144.46−0.001%$3.5M$2.1M50xas long as short
Coinbase International AAVE-PERP-INTXshort+0.0336%1h143.97−0.338%$783K$2.8M50x