Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: edgeX against GRVT−0.143%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.143%, 7d avg −0.002%

Together, before fees+0.211%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$21 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: edgeX is 0.141% cheaper against GRVT than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	142.76	0.0100	pay 0.0100% / 8h	1h 42m	$452K	$3.9M	10x
Short	edgeX AAVEUSDC	142.55	0.0100	get 0.0050% / 4h	1h 42m	$107K	$283K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.002%: −$14.09
Slippage, 4 orders: −$13.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.53
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; edgeX: live order book, 65 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, 6 min ago	0.70 bp	6.7 bp −$7	26.3 bp −$263	21571.9 bp −$2.16M	doesn't fit
Sell edgeX live order book, 65 min ago	3.49 bp	8.0 bp −$8	12.4 bp −$124	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
dYdX AAVE-USD	0.0000%	1h	142.39	−0.257%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.46	−0.208%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.43	−0.229%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.50	−0.180%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.061%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.224%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0061%	1h	142.39	−0.254%	$825K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.48	−0.194%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.80	+0.030%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.41	−0.244%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.26	−0.346%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.33	−0.297%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.32	−0.305%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.29	−0.328%	$64.2M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.28	−0.335%	$61.2M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.28	−0.335%	$17.0M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	−0.110%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.088%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.38	−0.264%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.27	−0.342%	$24.9M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.32	−0.306%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.26	−0.349%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.36	−0.278%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.50	−0.180%	$335K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.292%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	142.55	−0.143%	$107K	$283K	20x
GRVT AAVE_USDT_Perplong	+0.0100%	8h	142.76	long leg	$452K	$3.9M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	142.58	−0.124%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.53	−0.159%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.45	−0.218%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.41	−0.243%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.044%	$678K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.43	−0.229%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.36	−0.279%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.45	−0.212%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0136%	1h	142.55	−0.145%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0189%	1h	142.47	−0.201%	$77.9M	$37.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.47	−0.201%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	−0.167%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.55	−0.147%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	−0.040%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.51	−0.171%	$3.4M	$2.1M	50x	as long as short