Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against GRVT−0.216%98s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.569% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.211%+$21 · spread now −0.216%, 7d avg −0.022%

Together, before fees+0.172%+ Points / potential airdropGRVT: Active · farm board+$17 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: KuCoin is 0.193% 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 −0.022%. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	143.78	0.0100	pay 0.0100% / 8h	5h 39m	$456K	$3.7M	10x
Short	KuCoin AAVEUSDTM	143.47	0.0100	get 0.0100% / 8h	5h 39m	$10.7M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → −0.022%: −$19.31
Slippage, 4 orders: −$35.93
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.24
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	0.35 bp	9.9 bp −$10	16.4 bp −$164	9553.5 bp −$955.3K	doesn't fit
Sell KuCoin live order book, 4 min ago	1.04 bp	18.2 bp −$18	36.1 bp −$361	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
01 Exchange AAVEUSD	−0.0064%	1h	143.56	−0.153%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	−0.215%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.62	−0.111%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.57	−0.146%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.59	−0.133%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.743%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	−0.146%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.53	−0.177%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.209%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0094%	1h	143.64	−0.097%	$833K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.46	−0.224%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0097%	8h	143.37	−0.285%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.63	−0.102%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.50	−0.197%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.58	−0.138%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.56	−0.154%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.38	−0.278%	$64.3M	$183.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.40	−0.264%	$61.3M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	−0.118%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.155%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.42	−0.250%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.39	−0.271%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.47	−0.216%	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.37	−0.285%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.41	−0.257%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	−0.083%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	−0.204%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	−0.034%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	143.78	long leg	$456K	$3.7M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	0.000%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	−0.125%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.61	−0.118%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.57	−0.146%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.67	−0.076%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.54	−0.167%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.37	−0.285%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.60	−0.123%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.65	−0.091%	$195K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	−0.278%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.56	−0.150%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.63	−0.105%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	−0.139%	$777K	$2.8M	50x	as long as short