Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%

Price spread now: HTX against dYdX−0.090%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$371as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3363.363% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.346%−$35 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.090%, 7d avg −0.150%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.060% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.346%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.44	0	get 0.0000% / 1h	31m 13s	$103K	$5K	10x
Short	HTX AAVE-USDT	144.31	0.0100	get 0.0100% / 8h	1h 31m	$691K	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $21
Price spread: −0.090% → −0.150%: $5.96
Slippage, 4 orders: −$314.28
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$309.31
Costs to cover: 3.363%
Break-even: 110.1 days

Slippage from dYdX: live order book, 53 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 dYdX live order book, 53 min ago	146.85 bp	151.8 bp −$152	151.8 bp −$1,518	151.8 bp −$15.2K	292.6 bp −$146.3K
Sell HTX live order book, 3 min ago	9.59 bp	16.9 bp −$17	68.4 bp −$684	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	−0.0160%	1h	144.44	−0.002%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.27	−0.120%	$253K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0074%	1h	144.28	−0.113%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.64	+0.136%	$5K	$100K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.44	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.45	+0.005%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	−0.016%	$70K	—	150x	as long as short
Binance AAVEUSDT	+0.0031%	8h	144.28	−0.110%	$65.6M	$185.7M	75x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.38	−0.044%	$30.9M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.181%	$422	$51K	12x	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	144.32	−0.086%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.47	+0.021%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.23	−0.148%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.26	−0.127%	$17.5M	$66.6M	50x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.35	−0.065%	$7.8M	$15.9M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.38	−0.046%	$3.4M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.168%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.31	−0.091%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.180%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.48	+0.025%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.48	+0.027%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.39	−0.037%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.50	+0.039%	$79.4M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.004%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.51	+0.046%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.28	−0.113%	$61.2M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.44	−0.002%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.39	−0.037%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.23	−0.148%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.38	−0.044%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	+0.067%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	+0.114%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	+0.135%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.64	+0.136%	$134K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.51	+0.046%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.39	−0.034%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.31	−0.090%	$691K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.40	−0.030%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.25	−0.134%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.27	−0.120%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.40	−0.028%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.67	+0.157%	$782K	$3.0M	50x	as long as short