Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.018%

Price spread now: HTX against Aevo+0.114%7-day average −0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1161.157% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.541%−$54 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.114%, 7d avg −0.127%

Together, before fees−0.859%−$86 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: HTX is 0.240% dearer against Aevo than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.06	0.0104	pay 0.0013% / 1h	36m 03s	$120K	$146	10x
Short	HTX AAVE-USDT	142.22	0.0100	get 0.0100% / 8h	1h 36m	$675K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$0.84
Price spread: +0.114% → −0.127%: $24.01
Slippage, 4 orders: −$87.72
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$92.55
Costs to cover: 1.157%
Break-even: never at this rate

Slippage from Aevo: live order book, 8 min ago; HTX: 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 Aevo live order book, 8 min ago	23.51 bp	37.3 bp −$37	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	6.18 bp	17.2 bp −$17	57.4 bp −$574	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
dYdX AAVE-USD	0.0000%	1h	142.14	+0.060%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	+0.051%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.03	−0.019%	$216K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.06	−0.002%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.588%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.96	−0.070%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0069%	1h	141.98	−0.055%	$821K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	142.02	−0.027%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.23	+0.121%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.16	+0.076%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.10	+0.028%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.07	+0.008%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	+0.059%	$324K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.99	−0.048%	$63.9M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.98	−0.055%	$61.1M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.98	−0.055%	$16.9M	$65.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.17	+0.079%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.07	+0.009%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.06	+0.002%	$24.7M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.10	+0.030%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.97	−0.062%	$29.0M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.99	−0.048%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.12	+0.044%	$374K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.40	+0.241%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	+0.061%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.48	+0.296%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.45	+0.276%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.08	+0.016%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.01	−0.034%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.03	−0.019%	$5K	$312K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	142.22	+0.114%	$675K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.10	+0.030%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.210%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.99	−0.051%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.06	long leg	$120K	$146	10x
01 Exchange AAVEUSD	+0.0120%	1h	142.13	+0.051%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0152%	1h	142.14	+0.057%	$77.7M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.22	+0.114%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.05	−0.002%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.09	+0.021%	$192K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.32	+0.185%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.12	+0.041%	$3.4M	$2.1M	50x	as long as short