Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.009%

Price spread now: GRVT against RISEx+0.191%55s7-day average +0.015% · 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−$310.311% of the position

Long on RISEx Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.191%, 7d avg +0.015%

Together, before fees+0.003%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.176% dearer against RISEx than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.015%. 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	RISEx AAVE/USDC	144.66	0.0046	pay 0.0006% / 1h	36m 21s	$180K	$246K	10x
Short	GRVT AAVE_USDT_Perp	144.94	0.0092	get 0.0092% / 8h	1h 36m	$463K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against RISEx. 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 RISExbpFee GRVTbpOrdersPrice spread, now +0.191%Rate

Funding earned: $9.64
Price spread: +0.191% → +0.015%: $17.63
Slippage, 4 orders: −$16.08
Fee RISEx: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$3.81
Costs to cover: 0.311%
Break-even: 9.8 days

Slippage from RISEx: live order book, 47 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 RISEx live order book, 47 min ago	2.28 bp	5.3 bp −$5	10.2 bp −$102	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	2.07 bp	12.8 bp −$13	25.4 bp −$254	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
01 Exchange AAVEUSD	−0.0176%	1h	144.59	−0.052%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.58	−0.059%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	144.52	−0.100%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.190%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.74	+0.055%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.65	−0.010%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.65	−0.012%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.326%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.48	−0.127%	$65.7M	$185.6M	75x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.60	−0.045%	$31.0M	$25.7M	200x	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	144.51	−0.106%	—	—	20x	as long as short
RISEx AAVE/USDClong	+0.0046%	1h	144.66	long leg	$180K	$246K	10x
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.48	−0.128%	$17.6M	$66.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.57	−0.066%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.60	−0.042%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.61	−0.038%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.014%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.62	−0.031%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0092%	8h	144.94	+0.191%	$463K	$3.8M	10x
Lighter AAVE	+0.0096%	1h	144.70	+0.024%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	−0.009%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.49	−0.124%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.72	+0.038%	$79.5M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.56	−0.073%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.62	−0.028%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.49	−0.121%	$61.3M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.63	−0.024%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.58	−0.059%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.54	−0.086%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.58	−0.059%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.87	+0.142%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	+0.016%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.85	+0.130%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.96	+0.204%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.61	−0.038%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.50	−0.111%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.98	+0.219%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.59	−0.052%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.56	−0.075%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0140%	8h	144.84	+0.121%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.64	−0.014%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.26	+0.411%	$783K	$3.0M	50x	as long as short