Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.020%

Price spread now: Extended against GRVT−0.265%7-day average −0.074% · 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−$53as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days+0.290%+$29 · spread now −0.265%, 7d avg −0.074%

Together, before fees+0.371%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$37 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: Extended is 0.191% cheaper against GRVT than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.074%.

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	2h 57m	$461K	$4.1M	10x
Short	Extended AAVE-USD	145.30	0.0104	get 0.0013% / 1h	57m 24s	$941K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.265%Rate

Funding earned: $0.84
Price spread: −0.265% → −0.074%: −$19.08
Slippage, 4 orders: −$19.54
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.77
Costs to cover: 0.335%
Break-even: 438.4 days

Slippage from GRVT: live order book, 2 min ago; Extended: live order book, 1 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, 2 min ago	0.34 bp	6.0 bp −$6	20.0 bp −$200	18642.5 bp −$1.86M	doesn't fit
Sell Extended live order book, 1 min ago	3.09 bp	8.1 bp −$8	19.7 bp −$197	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
Deribit AAVE_USDC-PERPETUAL	−0.0782%	1h	145.21	−0.328%	$232K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0298%	1h	145.42	−0.184%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.32	−0.252%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.015%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	−0.226%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.56	−0.088%	$69K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	−0.241%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.58	−0.077%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.991%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.27	−0.285%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.23	−0.314%	$17.8M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.23	−0.314%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0076%	1h	145.72	+0.022%	$135K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.28	−0.280%	$7.8M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.28	−0.280%	$32.6M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.25	−0.300%	$66.0M	$180.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.55	−0.094%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	−0.204%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.291%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.31	−0.256%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.50	−0.129%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.27	−0.287%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	−0.222%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.30	−0.266%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.37	−0.218%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.382%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.24	−0.307%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.29	−0.273%	$29.7M	$17.6M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.27	−0.287%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.44	−0.170%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.514%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.76	+0.048%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	145.69	long leg	$461K	$4.1M	10x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.39	−0.204%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.21	−0.330%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.028%	$743K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.47	−0.149%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	145.30	−0.265%	$941K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	145.31	−0.259%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0208%	8h	145.63	−0.040%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.72	+0.022%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.32	−0.251%	$135K	—	100x	as long as short