Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.062%

Price spread now: HTX against Coinbase International+0.047%7-day average −0.202% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.677%−$68 on $10k

Price spread, last 3 days (all we have)−0.195%−$19 · spread now +0.047%, 7d avg −0.202%

Together, before fees−0.872%−$87 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.249% dearer against Coinbase International than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.202%): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	146.42	0.0296	pay 0.0037% / 1h	12m 00s	$785K	$2.9M	50x
Short	HTX AAVE-USDT	146.49	0.0100	get 0.0100% / 8h	7h 12m	$712K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$41.16
Price spread: +0.047% → −0.202%: $24.88
Slippage, 4 orders: −$44.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$82.72
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; HTX: live order book, 2 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 Coinbase International live order book, 2 min ago	5.46 bp	11.8 bp −$12	15.9 bp −$159	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	4.61 bp	14.3 bp −$14	60.2 bp −$602	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.44	+0.015%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.26	−0.109%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	146.32	−0.068%	$5K	$295K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.34	−0.055%	$255K	$367K	50x	as long as short
Phemex AAVEUSDT	−0.0004%	8h	146.32	−0.068%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.44	+0.014%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.24	−0.123%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.55	+0.089%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.38	−0.029%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.25	−0.116%	$28.7M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0024%	8h	146.24	−0.123%	$66.2M	$183.4M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.461%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.118%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	146.29	−0.089%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0046%	1h	146.45	+0.020%	$136K	$231K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.32	−0.068%	$17.9M	$66.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.28	−0.099%	$124K	$146	10x	as long as short
Gate AAVE_USDT	+0.0094%	8h	146.27	−0.102%	$7.9M	$15.3M	75x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.33	−0.061%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.54	+0.082%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.044%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.34	−0.058%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.39	−0.020%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.35	−0.049%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.36	−0.040%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.31	−0.075%	$62.7M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.36	−0.041%	$46K	$270K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.433%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.30	−0.082%	$11.0M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.16	−0.178%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.25	−0.116%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.35	−0.048%	$331K	$736K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	−0.101%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.39	−0.017%	$106K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.46	+0.027%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.37	−0.034%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.30	−0.079%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	146.49	+0.047%	$712K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	146.21	−0.145%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.34	−0.052%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.35	−0.046%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0296%	1h	146.42	long leg	$785K	$2.9M	50x