Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Polymarket Perps against GRVT+0.271%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.271%, 7d avg +0.055%

Together, before fees−0.030%+ Points / potential airdropGRVT: Active · farm board−$3 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: Polymarket Perps is 0.216% dearer against GRVT than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAVE_USDT_Perp	145.35	0.0100	pay 0.0100% / 8h	2h 55m	$460K	$4.1M	10x
Short	Polymarket Perps AAVE-USD	145.74	0.0100	get 0.0013% / 1h	55m 19s	$127K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → +0.055%: $21.63
Slippage, 4 orders: −$15.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.39
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Polymarket Perps: live order book, 32 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	0.34 bp	6.0 bp −$6	20.0 bp −$200	18642.5 bp −$1.86M	doesn't fit
Sell Polymarket Perps live order book, 32 min ago	2.36 bp	7.7 bp −$8	9.0 bp −$90	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
SoDEX AAVE-USD	−0.0276%	1h	145.23	−0.080%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0200%	1h	145.35	+0.003%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0163%	1h	145.29	−0.038%	$236K	$466K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.031%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.251%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.47	+0.089%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.37	+0.017%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.74	+0.269%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.35	0.000%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.769%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.61	+0.184%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.71	+0.251%	$17.8M	$65.5M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.67	+0.223%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0082%	8h	145.65	+0.209%	$7.8M	$15.4M	75x	as long as short
Binance AAVEUSDT	+0.0082%	8h	145.66	+0.217%	$66.2M	$180.7M	75x	as long as short
MEXC AAVE_USDT	+0.0084%	8h	145.65	+0.209%	$32.5M	$25.9M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.58	+0.162%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.64	+0.203%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.38	+0.026%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.64	+0.206%	$817K	$439K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.306%	$81.6M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.52	+0.117%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.42	+0.051%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.71	+0.251%	$62.2M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.58	+0.161%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.619%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.65	+0.209%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.62	+0.189%	$29.8M	$17.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.68	+0.230%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.31	−0.025%	$344K	$683K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.013%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.31	−0.027%	$100K	$311K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	145.35	long leg	$460K	$4.1M	10x
Polymarket Perps AAVE-USDshort	+0.0100%	1h	145.74	+0.271%	$127K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	145.19	−0.106%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.49	+0.101%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.33	−0.011%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.50	+0.109%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.74	+0.271%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0206%	8h	145.29	−0.038%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.45	+0.072%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.73	+0.262%	$125K	—	100x	as long as short