Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against Polymarket Perps+0.391%63s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$340.339% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.513%−$51 · spread now +0.391%, 7d avg −0.044%

Together, before fees−0.535%+ Points / potential airdropGRVT: Active · farm board−$54 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 0.434% dearer against Polymarket Perps than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.044%. The two prices were read 63 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	Polymarket Perps AAVE-USD	140.73	0.0100	pay 0.0013% / 1h	31m 41s	$133K	$365K	10x
Short	GRVT AAVE_USDT_Perp	141.28	0.0100	get 0.0100% / 8h	5h 31m	$447K	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Polymarket Perps. 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 Polymarket PerpsbpFee GRVTbpOrdersPrice spread, now +0.391%Rate

Funding earned: $0
Price spread: +0.391% → −0.044%: $43.43
Slippage, 4 orders: −$16.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $9.51
Costs to cover: 0.339%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 14 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 Polymarket Perps live order book, 14 min ago	3.18 bp	7.7 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.35 bp	10.8 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit

AAVE on 42 exchanges

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	−0.0105%	1h	140.66	−0.050%	$207K	$305K	50x	as long as short
SoDEX AAVE-USD	−0.0100%	1h	140.68	−0.036%	$7K	$224K	10x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	140.49	−0.171%	$10K	$1K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.70	−0.022%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.72	−0.007%	$51K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.72	−0.010%	$78K	—	150x	as long as short
Bybit AAVEUSDT	+0.0014%	8h	140.58	−0.107%	$60.7M	$58.8M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	141.30	+0.405%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.679%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.73	+0.001%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0078%	8h	140.72	−0.007%	$3.9M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	140.62	−0.078%	$17K	$2K	10x	as long as short
Variational Omni AAVE	+0.0085%	8h	140.99	+0.184%	$3.7M	$711K	—	as long as short
Lighter AAVE	+0.0096%	1h	140.80	+0.051%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.60	−0.094%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.67	−0.043%	$809K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.78	+0.036%	$77.4M	$28.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.73	0.000%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.62	−0.078%	$343K	$307K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.59	−0.099%	$63.3M	$160.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.58	−0.107%	$16.1M	$51.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.83	+0.071%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.68	−0.036%	$8.1M	$13.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.66	−0.050%	$22.3M	$22.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.69	−0.028%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.63	−0.071%	$29.0M	$15.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.64	−0.064%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.80	+0.050%	$385K	$598K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.18	+0.319%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	141.28	+0.391%	$447K	$3.1M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	140.94	+0.149%	$131K	$222K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	140.73	long leg	$133K	$365K	10x
SunX AAVE-USDT	+0.0100%	8h	140.72	−0.004%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.00	+0.195%	$638K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.19	+0.327%	$163K	$108K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.58	−0.107%	$909K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.64	−0.064%	$119K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.77	+0.029%	$171K	$212K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.68	−0.036%	$3.2M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.60	−0.092%	$745K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.95	+0.160%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.77	+0.032%	$3.4M	$1.8M	50x	as long as short