Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.045%

Price spread now: GRVT against Hyperliquid−0.239%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Hyperliquid Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.226%+$23 · spread now −0.239%, 7d avg −0.031%

Together, before fees+0.155%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$16 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: GRVT is 0.208% cheaper against Hyperliquid than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	144.29	0.0100	pay 0.0013% / 1h	51m 22s	$78.4M	$35.5M	10x
Short	GRVT AAVE_USDT_Perp	143.95	0.0100	get 0.0100% / 8h	6h 51m	$455K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Hyperliquid. 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 HyperliquidbpFee GRVTbpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → −0.031%: −$20.8
Slippage, 4 orders: −$15.57
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$54.37
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; GRVT: live order book, 3 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 Hyperliquid live order book, 12 min ago	0.34 bp	4.8 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	2.08 bp	12.1 bp −$12	26.0 bp −$260	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	−0.2660%	1h	143.90	−0.273%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.21	−0.058%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0050%	1h	143.99	−0.210%	$134K	$230K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.45	+0.108%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.18	−0.082%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.08	−0.148%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.27	−0.017%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.22	−0.051%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.082%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.20	−0.065%	$27.6M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0036%	8h	144.26	−0.023%	$65.1M	$185.4M	75x	as long as short
SoDEX AAVE-USD	+0.0040%	1h	144.33	+0.026%	$5K	$302K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0043%	8h	144.23	−0.044%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.16	−0.090%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.21	−0.058%	$17.4M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.30	+0.001%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.27	−0.017%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.28	−0.013%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.182%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.10	−0.134%	$798K	$427K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	144.29	long leg	$78.4M	$35.5M	10x
Aster AAVEUSDT	+0.0100%	8h	144.12	−0.123%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.09	−0.144%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.24	−0.037%	$61.7M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.24	−0.037%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.185%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.25	−0.030%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.22	−0.051%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.15	−0.099%	$29.8M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.24	−0.037%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.49	+0.136%	$328K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	−0.499%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.298%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	143.95	−0.239%	$455K	$3.7M	10x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.24	−0.037%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	−0.066%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.59	+0.208%	$703K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.33	+0.026%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.18	−0.079%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.03	−0.182%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.24	−0.036%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.47	+0.123%	$774K	$2.8M	50x	as long as short