Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.051%

Price spread now: GRVT against 01 Exchange−0.403%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. GRVT is 0.403% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.403% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	146.28	0	get 0.0000% / 1h	32m 57s	$11K	$2K	5x
Short	GRVT AAVE_USDT_Perp	145.69	0.0100	get 0.0100% / 8h	32m 57s	$461K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against 01 Exchange. 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 01 ExchangebpFee GRVTbpOrdersPrice spread, now −0.403%Rate

Funding earned: $21
Price spread: −0.403% → 0.000%: −$40.27
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$35.27
Costs to cover: 0.160%
Break-even: 18.8 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell GRVT live order book, 6 min ago	0.34 bp	9.3 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit

01 Exchange: 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
SoDEX AAVE-USD	−0.0066%	1h	146.27	−0.007%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.171%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	−0.099%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSDlong	0.0000%	1h	146.28	long leg	$11K	$2K	5x
Kalshi KXAAVEPERP	0.0000%	8h	146.16	−0.082%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.32	+0.027%	$256K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.36	+0.053%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.32	+0.025%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.371%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0039%	8h	146.26	−0.014%	$66.7M	$185.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0040%	8h	146.25	−0.021%	$30.5M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.022%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.25	−0.021%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	146.28	0.000%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.21	−0.048%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.33	+0.038%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.49	+0.145%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.19	−0.064%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.106%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.43	+0.103%	$80.8M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.23	−0.031%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.19	−0.062%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.25	−0.021%	$62.4M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.26	−0.014%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.273%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.25	−0.021%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.17	−0.075%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.24	−0.027%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.39	+0.075%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	−0.104%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.409%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	145.69	−0.403%	$461K	$3.8M	10x
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	−0.116%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.31	+0.021%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.25	−0.019%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.27	−0.008%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.28	0.000%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.15	−0.086%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.29	+0.004%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	−0.014%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.32	+0.027%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.38	+0.068%	$789K	$3.0M	50x	as long as short