Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against GRVT−0.125%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.125%, 7d avg +0.009%

Together, before fees+0.003%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board$0 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: Pacifica is 0.134% cheaper against GRVT than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	142.99	0.0100	pay 0.0100% / 8h	2h 43m	$448K	$3.9M	10x
Short	Pacifica AAVE	142.81	0.0100	get 0.0013% / 1h	43m 29s	$327K	$447K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → +0.009%: −$13.41
Slippage, 4 orders: −$20.82
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$51.23
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago	0.70 bp	10.9 bp −$11	15.2 bp −$152	14817.0 bp −$1.48M	doesn't fit
Sell Pacifica live order book, 5 min ago	3.48 bp	8.5 bp −$8	doesn't fit	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
Nado AAVE-PERP	−0.0031%	1h	142.65	−0.238%	$831K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.89	−0.070%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.05	+0.042%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.94	−0.035%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.64	−0.245%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.217%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.63	−0.250%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0064%	8h	142.89	−0.070%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0072%	8h	142.86	−0.091%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.81	−0.126%	$10K	$2K	5x	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	142.74	−0.172%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.86	−0.091%	$78.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.70	−0.204%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	142.81	−0.125%	$327K	$447K	10x
Binance AAVEUSDT	+0.0100%	8h	142.60	−0.276%	$63.6M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.60	−0.273%	$61.1M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.65	−0.238%	$17.1M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.86	−0.091%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.94	−0.036%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.76	−0.161%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.69	−0.210%	$25.6M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.72	−0.189%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.65	−0.238%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.61	−0.266%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.88	−0.077%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.12	+0.089%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	142.99	long leg	$448K	$3.9M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	143.01	+0.014%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.76	−0.161%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.90	−0.063%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.90	−0.063%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.03	+0.031%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.69	−0.211%	$908K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.93	−0.045%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0114%	1h	143.03	+0.028%	$336K	$727K	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.00	+0.007%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.81	−0.127%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.96	−0.021%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.97	−0.014%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.62	−0.261%	$112K	—	100x	as long as short
Lighter AAVE	+0.0368%	1h	143.01	+0.012%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	+0.035%	$791K	$2.8M	50x	as long as short