Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h −0.002%

Price spread now: RISEx against GRVT+0.309%55s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$250.250% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.482%−$48 · spread now +0.309%, 7d avg −0.004%

Together, before fees−0.522%+ Points / potential airdropGRVT: Active · farm board−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.314% dearer against GRVT than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 55 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	142.50	0.0100	pay 0.0100% / 8h	2h 55m	$455K	$3.8M	10x
Short	RISEx AAVE/USDC	142.94	0.0207	get 0.0026% / 1h	55m 53s	$186K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.309%Rate

Funding earned: $22.51
Price spread: +0.309% → −0.004%: $31.35
Slippage, 4 orders: −$10.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $28.81
Costs to cover: 0.250%
Break-even: from the start

Slippage from GRVT: live order book, 3 min ago; RISEx: live order book, 57 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, 3 min ago	0.70 bp	8.2 bp −$8	18.2 bp −$182	8784.8 bp −$878.5K	doesn't fit
Sell RISEx live order book, 57 min ago	0.69 bp	3.7 bp −$4	10.3 bp −$103	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	−0.0072%	1h	142.81	+0.215%	$832K	$401K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	143.01	+0.359%	$219K	$390K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.90	+0.284%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.96	+0.324%	$51K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.04	+0.382%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.886%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.46	−0.027%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.87	+0.259%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	143.05	+0.387%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0073%	8h	143.07	+0.401%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	142.92	+0.296%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.84	+0.243%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.99	+0.347%	$78.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.92	+0.299%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.88	+0.267%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.87	+0.263%	$63.9M	$188.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.89	+0.275%	$61.2M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.84	+0.240%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.97	+0.331%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	+0.079%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.91	+0.289%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.92	+0.296%	$25.8M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.98	+0.338%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.92	+0.296%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.89	+0.275%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.00	+0.352%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.43	−0.051%	$104K	$282K	20x	as long as short
GRVT AAVE_USDT_Perplong	+0.0100%	8h	142.50	long leg	$455K	$3.8M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	142.73	+0.163%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.96	+0.324%	$132K	$451K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.93	+0.303%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.00	+0.352%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.10	+0.424%	$685K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.88	+0.265%	$904K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.06	+0.391%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0108%	1h	143.07	+0.401%	$336K	$724K	10x	as long as short
RISEx AAVE/USDCshort	+0.0207%	1h	142.94	+0.309%	$186K	$251K	10x
BloFin AAVE-USDT	+0.0220%	8h	143.09	+0.415%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	143.07	+0.398%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.03	+0.371%	$112K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	143.23	+0.515%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	+0.380%	$786K	$2.8M	50x	as long as short