Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h 0.000%

Price spread now: GRVT against Injective+5.713%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 5.713% dearer against Injective than usual: you sell high and buy low: +$571 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	23m 05s	$422	$51K	12x
Short	GRVT AAVE_USDT_Perp	144.79	0.0094	get 0.0094% / 8h	1h 23m	$457K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Injective. 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 InjectivebpFee GRVTbpOrdersPrice spread, now +5.713%Rate

Funding earned: $12.74
Price spread: +5.713% → 0.000%: $571.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $575.06
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 6 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell GRVT live order book, 6 min ago	0.34 bp	9.2 bp −$9	19.1 bp −$191	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0144%	1h	144.86	+5.768%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	144.98	+5.856%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0042%	1h	144.84	+5.754%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.87	+5.775%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.87	+5.772%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.84	+5.754%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.88	+5.785%	$70K	—	150x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
MEXC AAVE_USDT	+0.0034%	8h	144.84	+5.754%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.84	+5.754%	$66.0M	$185.5M	75x	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	144.78	+5.707%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.89	+5.789%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.83	+5.746%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.85	+5.761%	$17.5M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	+5.840%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0059%	8h	144.89	+5.790%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.87	+5.772%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0094%	8h	144.79	+5.713%	$457K	$3.8M	10x
Lighter AAVE	+0.0096%	1h	145.03	+5.892%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.69	+5.643%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.84	+5.757%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.00	+5.870%	$79.7M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.91	+5.802%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.77	+5.702%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.83	+5.746%	$61.5M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.84	+5.754%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	+5.335%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.83	+5.746%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.88	+5.783%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.89	+5.790%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.00	+5.870%	$381K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	+5.627%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.72	+5.666%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	+5.702%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.90	+5.797%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.74	+5.683%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.86	+5.765%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.86	+5.768%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.81	+5.730%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.87	+5.775%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.88	+5.780%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.97	+5.848%	$787K	$3.0M	50x	as long as short