Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.291%

Price spread now: Deribit against GRVT−0.272%7-day average +0.021% · you buy dearer than you sell

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

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 3 days (all we have)+0.676%+$68 · spread now −0.272%, 7d avg +0.021%

Together, before fees+0.266%+ Points / potential airdropGRVT: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.293% cheaper against GRVT than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	145.67	0.0100	pay 0.0100% / 8h	2h 52m	$461K	$4.1M	10x
Short	Deribit AAVE_USDC-PERPETUAL	145.27	−0.0163	pay 0.0020% / 1h	52m 21s	$247K	$477K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.272%Rate

Funding earned: −$55.23
Price spread: −0.272% → +0.021%: −$29.33
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$100.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 2 min ago; Deribit: live order book, 32 min ago. 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, 2 min ago	0.34 bp	7.9 bp −$8	23.4 bp −$234	13936.8 bp −$1.39M	doesn't fit
Sell Deribit live order book, 32 min ago	14.23 bp	17.7 bp −$18	doesn't fit	doesn't fit	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
SoDEX AAVE-USD	−0.0193%	1h	145.16	−0.348%	$5K	$308K	10x	as long as short
Deribit AAVE_USDC-PERPETUALshort	−0.0163%	1h	145.27	−0.272%	$247K	$477K	50x
01 Exchange AAVEUSD	−0.0136%	1h	145.11	−0.382%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.252%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	−0.218%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	−0.245%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.13	−0.369%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	−0.224%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.32	−0.240%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.977%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.21	−0.315%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.26	−0.279%	$17.7M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.24	−0.293%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.20	−0.321%	$7.8M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	145.22	−0.307%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.25	−0.286%	$66.0M	$181.0M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	−0.232%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.18	−0.334%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.12	−0.377%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.14	−0.362%	$814K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.35	−0.218%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.16	−0.348%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.18	−0.334%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.32	−0.238%	$62.1M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.12	−0.375%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.397%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.11	−0.382%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.16	−0.348%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.29	−0.259%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	−0.279%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	−0.208%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	−0.138%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	145.67	long leg	$461K	$4.1M	10x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.26	−0.279%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.16	−0.347%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.44	−0.159%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.26	−0.279%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.07	−0.412%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.85	−0.563%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	−0.245%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.41	−0.176%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.34	−0.222%	$125K	—	100x	as long as short