Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.045%

Price spread now: Hyperliquid against GRVT+0.063%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.063%, 7d avg +0.032%

Together, before fees+0.074%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$7 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: Hyperliquid is 0.031% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	145.97	0.0100	pay 0.0100% / 8h	36m 56s	$461K	$3.8M	10x
Short	Hyperliquid AAVE	146.06	0.0100	get 0.0013% / 1h	36m 56s	$80.6M	$34.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.032%: $3.08
Slippage, 4 orders: −$10.27
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$25.19
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Hyperliquid: live order book, 7 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	5.9 bp −$6	20.7 bp −$207	26042.3 bp −$2.60M	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.68 bp	6.3 bp −$6	11.2 bp −$112	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	−0.0093%	1h	145.84	−0.088%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0068%	1h	145.86	−0.074%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.90	−0.047%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.74	−0.158%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	145.69	−0.190%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.73	−0.163%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.97	−0.001%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.85	−0.077%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.171%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0040%	8h	146.08	+0.077%	$66.5M	$185.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0041%	8h	145.93	−0.026%	$30.6M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.76	−0.141%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.79	−0.122%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.16	+0.132%	$17.9M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.09	+0.084%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.86	−0.073%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.05	+0.058%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.56	−0.277%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.74	−0.156%	$802K	$442K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	146.06	+0.063%	$80.6M	$34.6M	10x
Aster AAVEUSDT	+0.0100%	8h	146.03	+0.039%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.71	−0.175%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.16	+0.132%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.69	−0.190%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.060%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.98	+0.008%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.90	−0.047%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.08	+0.077%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.98	+0.008%	$358K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.91	−0.042%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.69	−0.193%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	145.97	long leg	$461K	$3.8M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	145.61	−0.245%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.86	−0.074%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.66	−0.210%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.95	−0.012%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.87	−0.067%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.90	−0.046%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.74	−0.159%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	145.83	−0.094%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.86	−0.071%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.180%	$789K	$3.0M	50x	as long as short