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 0.000%

Price spread now: HTX against Bybit+0.058%7-day average −0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.421%−$42 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.058%, 7d avg −0.102%

Together, before fees−0.520%−$52 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 0.160% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	143.58	0.0100	pay 0.0100% / 8h	2h 18m	$61.6M	$68.3M	75x
Short	HTX AAVE-USDT	143.66	0.0100	get 0.0100% / 8h	2h 18m	$682K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.102%: $15.99
Slippage, 4 orders: −$32.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.21
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 1 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 Bybit live order book, 1 min ago	0.35 bp	9.8 bp −$10	17.5 bp −$175	62.0 bp −$6,197	doesn't fit
Sell HTX live order book, 1 min ago	10.37 bp	21.6 bp −$22	59.5 bp −$595	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	143.45	−0.090%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	−0.063%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.65	+0.049%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.63	+0.033%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.57	−0.007%	$840K	$399K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.611%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.59	+0.005%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.65	+0.049%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0092%	8h	143.63	+0.035%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.38	−0.141%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	143.76	+0.125%	$78.5M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.66	+0.054%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	−0.098%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.65	+0.052%	$64.6M	$191.4M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	143.58	long leg	$61.6M	$68.3M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.55	−0.021%	$17.2M	$65.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+0.021%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.905%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.58	0.000%	$8.1M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.61	+0.021%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.53	−0.035%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.64	+0.042%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.62	+0.028%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.620%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.556%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−1.008%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.975%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.66	+0.056%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.65	+0.047%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.65	+0.049%	$5K	$313K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	143.66	+0.058%	$682K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	143.59	+0.006%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.60	+0.014%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.47	−0.077%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.878%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0156%	1h	143.66	+0.056%	$341K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.58	+0.002%	$195K	$255K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.51	−0.049%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.72	+0.097%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.85	+0.189%	$4.6M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.62	+0.027%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	0.000%	$767K	$2.9M	50x	as long as short