Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: GRVT against KuCoin+0.347%98s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

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

costs, in and out, $10k−$500.498% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.342%−$34 · spread now +0.347%, 7d avg +0.022%

Together, before fees−0.304%+ Points / potential airdropGRVT: Active · farm board−$30 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 0.325% dearer against KuCoin than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 98 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	KuCoin AAVEUSDTM	143.89	0.0100	pay 0.0100% / 8h	5h 13m	$10.7M	$9.2M	75x
Short	GRVT AAVE_USDT_Perp	144.39	0.0100	get 0.0100% / 8h	5h 13m	$461K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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 KuCoinbpFee GRVTbpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → +0.022%: $32.5
Slippage, 4 orders: −$28.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.25
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; GRVT: 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 KuCoin live order book, 4 min ago	1.04 bp	15.5 bp −$15	35.3 bp −$353	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.35 bp	8.0 bp −$8	20.7 bp −$207	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	−0.3502%	1h	143.39	−0.347%	$227K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.91	+0.014%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.98	+0.063%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.86	−0.021%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	−0.013%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.816%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.79	−0.069%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.88	−0.007%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0054%	1h	143.91	+0.017%	$831K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.42	+0.368%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.07	+0.127%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.96	+0.046%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.01	+0.083%	$77.9M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.94	+0.038%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	+0.035%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.75	−0.097%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.76	−0.090%	$61.4M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.78	−0.076%	$17.2M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	+0.042%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.128%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.84	−0.035%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.88	−0.007%	$26.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	143.89	long leg	$10.7M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.85	−0.028%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.76	−0.090%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.96	+0.049%	$321K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.269%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.315%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	144.39	+0.347%	$461K	$3.7M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.354%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.87	−0.014%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.87	−0.013%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.88	−0.007%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.267%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.90	+0.007%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.77	−0.081%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.91	+0.010%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.98	+0.064%	$187K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.05	+0.111%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.86	−0.018%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.95	+0.045%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.32	+0.299%	$785K	$2.8M	50x	as long as short