Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against edgeX+0.235%7-day average −0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.555%−$55 on $10k

Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.235%, 7d avg −0.126%

Together, before fees−0.844%+ Points / potential airdropedgeX: Active · farm board−$84 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 0.361% dearer against edgeX than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	144.36	0.0100	pay 0.0050% / 4h	2h 28m	$101K	$314K	20x
Short	HTX AAVE-USDT	144.70	0.0100	get 0.0100% / 8h	2h 28m	$723K	$4.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.235%Rate

Funding earned: $0
Price spread: +0.235% → −0.126%: $36.07
Slippage, 4 orders: −$35.57
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.5
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 min ago; HTX: live order book, 5 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 edgeX live order book, 59 min ago	3.72 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	11.78 bp	22.1 bp −$22	67.9 bp −$679	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
Deribit AAVE_USDC-PERPETUAL	−0.0372%	1h	144.55	+0.130%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	144.52	+0.109%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.61	+0.171%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.43	+0.047%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.52	+0.112%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.42	+0.040%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.65	+0.199%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.70	+0.235%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.128%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	144.40	+0.026%	$134K	$229K	50x	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	144.54	+0.125%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.55	+0.130%	$17.5M	$65.9M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	144.53	+0.116%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.51	+0.102%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0062%	8h	144.53	+0.116%	$65.8M	$183.7M	75x	as long as short
MEXC AAVE_USDT	+0.0063%	8h	144.51	+0.102%	$31.6M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0087%	1h	144.65	+0.199%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.45	+0.063%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.71	+0.242%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.59	+0.157%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.65	+0.199%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.59	+0.160%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.68	+0.220%	$80.3M	$33.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.57	+0.147%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.61	+0.171%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.56	+0.137%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.61	+0.171%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.046%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	+0.157%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.53	+0.116%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.55	+0.130%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.63	+0.185%	$378K	$701K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.45	+0.059%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.36	long leg	$101K	$314K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.67	+0.213%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.58	+0.152%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.70	+0.235%	$723K	$4.9M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.58	+0.150%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.50	+0.095%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0182%	8h	144.48	+0.081%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.002%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.61	+0.174%	$124K	—	100x	as long as short