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 −0.020%

Price spread now: GRVT against SunX+0.698%74s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as 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−$2322.325% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)−0.795%−$80 · spread now +0.698%, 7d avg −0.005%

Together, before fees−0.872%+ Points / potential airdropGRVT: Active · farm board−$87 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 0.704% dearer against SunX than usual: you sell high and buy low, +$70 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 74 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	SunX AAVE-USDT	143.47	0.0100	pay 0.0100% / 8h	6h 54m	$1K	$1.3M	20x
Short	GRVT AAVE_USDT_Perp	144.47	0.0100	get 0.0100% / 8h	6h 54m	$454K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. 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 SunXbpFee GRVTbpOrdersPrice spread, now +0.698%Rate

Funding earned: $0
Price spread: +0.698% → −0.005%: $70.35
Slippage, 4 orders: −$215.48
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$162.13
Costs to cover: 2.325%
Break-even: never at this rate

Slippage from SunX: live order book, 9 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 SunX live order book, 9 min ago	79.87 bp	99.4 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	4.15 bp	13.9 bp −$14	19.3 bp −$193	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	−0.0446%	1h	143.58	+0.078%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	143.41	−0.040%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0042%	1h	143.72	+0.176%	$5K	$302K	10x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.83	+0.249%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.77	+0.212%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.83	+0.252%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	143.78	+0.217%	$5K	$98K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.56	+0.063%	$69K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	143.50	+0.022%	$27.5M	$24.6M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.536%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0034%	8h	143.48	+0.009%	$64.8M	$185.2M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.63	+0.113%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.41	−0.038%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0060%	8h	143.55	+0.057%	$17.3M	$65.6M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.68	+0.147%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.47	−0.002%	$182K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.88	+0.290%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.54	+0.047%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.36	−0.075%	$793K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.55	+0.057%	$78.0M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.59	+0.085%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.68	+0.151%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.54	+0.050%	$61.4M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.47	+0.001%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.761%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.49	+0.015%	$7.8M	$14.9M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.46	−0.006%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.66	+0.134%	$29.7M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.50	+0.022%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.76	+0.204%	$326K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	+0.073%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	+0.645%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	144.47	+0.698%	$454K	$3.7M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.650%	$134K	$231K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.52	+0.036%	$125K	$417K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.47	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	144.03	+0.395%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.84	+0.259%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.61	+0.100%	$918K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0133%	8h	143.64	+0.120%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.53	+0.045%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.60	+0.092%	$769K	$2.8M	50x	as long as short