Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%

Price spread now: HTX against Arcus+0.243%7-day average −0.149% · 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−$16as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.306%−$31 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.243%, 7d avg −0.149%

Together, before fees−0.632%−$63 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 0.391% dearer against Arcus than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	144.63	0.0100	pay 0.0013% / 1h	35m 52s	$50K	$273K	10x
Short	HTX AAVE-USDT	144.98	0.0100	get 0.0100% / 8h	1h 35m	$695K	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.243%Rate

Funding earned: $0
Price spread: +0.243% → −0.149%: $39.14
Slippage, 4 orders: −$38.23
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.6
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Arcus: live order book, 48 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 Arcus live order book, 48 min ago	1.38 bp	9.4 bp −$9	25.4 bp −$254	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	8.99 bp	19.5 bp −$19	84.0 bp −$840	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	−0.028%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.58	−0.035%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	144.52	−0.076%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.214%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.74	+0.079%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.65	+0.014%	$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	−5.303%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.55	−0.055%	$65.7M	$185.6M	75x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.54	−0.062%	$30.9M	$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	−0.082%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.66	+0.024%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.56	−0.048%	$17.6M	$66.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.57	−0.041%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.60	−0.018%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.58	−0.035%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.038%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.62	−0.007%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.94	+0.215%	$463K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.70	+0.048%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	+0.015%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.49	−0.100%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.62	−0.005%	$79.5M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.54	−0.062%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.62	−0.003%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.57	−0.041%	$61.4M	$65.6M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.63	long leg	$50K	$273K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	144.49	−0.097%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.57	−0.041%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.58	−0.035%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.61	−0.014%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	+0.040%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.85	+0.154%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.96	+0.228%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.61	−0.014%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.50	−0.087%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.98	+0.243%	$695K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.59	−0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.49	−0.100%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0140%	8h	144.84	+0.145%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.64	+0.010%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.26	+0.436%	$783K	$3.0M	50x	as long as short