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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.046%
Price spread now: GMX against GRVT−0.067%69s7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.159%−$16 on $10k
Price spread, last 4 days (all we have)+0.547%+$55 · spread now −0.067%, 7d avg +0.023%
Together, before fees+0.389%+ Points / potential airdropGRVT: Active · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.090% cheaper against GRVT than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.023%). If the spread goes back, that is −$9 on $10k: about 22 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 3 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT AAVE_USDT_Perp144.460.0100pay 0.0100% / 8h5h 15m$461K$3.7M10x
ShortGMX AAVE/USD [AAVE-USDC]144.36L +0.0263% / S −0.0420%get 0.0052% / 1h15m 50s$125K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$67.15
Price spread: −0.067% → +0.023%
−$8.97
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
$37.18
Costs to cover
0.210%
Break-even
3.1 days
Slippage unknown: GRVT: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago0.35 bp7.0 bp −$720.8 bp −$20816893.5 bp −$1.69Mdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h144.30−0.110%$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%1h144.29−0.117%$229K$389K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.35−0.074%$81K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.191%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h144.28−0.123%20xas long as short
Orderly PERP_AAVE_USDC+0.0045%8h144.29−0.117%$18K$10K10xas long as short
Nado AAVE-PERP+0.0050%1h144.28−0.123%$833K$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%1h144.44−0.015%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.31−0.103%$14K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h144.36−0.068%$78.1M$35.1M10xas long as short
Aster AAVEUSDT+0.0100%8h144.30−0.111%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h144.33−0.090%$329K$433K10xas long as short
Binance AAVEUSDT+0.0100%8h144.24−0.151%$64.5M$182.5M75xas long as short
Bybit AAVEUSDT+0.0100%8h144.14−0.220%$61.5M$64.1M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h144.09−0.255%$17.3M$63.5M50xas long as short
Arcus AAVE-USD+0.0100%1h144.33−0.089%$45K$179K10xas long as short
Bulk AAVE-USD+0.0100%1h143.91−0.378%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h144.24−0.151%$7.9M$15.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h144.23−0.158%$26.2M$23.7M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.29−0.117%$10.8M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h144.18−0.193%$30.2M$17.4M75xas long as short
BingX AAVE-USDT+0.0100%8h144.24−0.151%$43.8Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.31−0.103%$322K$692K10xas long as short
Variational Omni AAVE+0.0100%8h144.28−0.126%$3.7M$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%1h144.34−0.082%$128K$422K10xas long as short
SunX AAVE-USDT+0.0100%8h144.30−0.110%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h144.29−0.117%$5K$301K10xas long as short
HTX AAVE-USDT+0.0100%8h144.38−0.058%$695K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.27−0.130%$4.1M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h144.21−0.172%$918K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h144.32−0.096%$122K$14610xas long as short
RISEx AAVE/USDC+0.0195%1h144.35−0.075%$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]shortL +0.0263% / S −0.0420%1h144.36−0.067%$125K100x
Kraken Futures PF_AAVEUSD+0.0266%1h144.41−0.034%$3.5M$2.1M50xas long as short
Coinbase International AAVE-PERP-INTX+0.0336%1h143.97−0.338%$783K$2.8M50xas long as short