Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%

Price spread now: HTX against Extended+0.210%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$54 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.210%, 7d avg −0.068%

Together, before fees−0.473%+ Points / potential airdropExtended: Active · farm board−$47 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 0.278% dearer against Extended than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	143.37	0.0104	pay 0.0013% / 1h	39m 49s	$913K	$1.7M	50x
Short	HTX AAVE-USDT	143.67	0.0100	get 0.0100% / 8h	5h 39m	$694K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.210%Rate

Funding earned: −$0.84
Price spread: +0.210% → −0.068%: $27.79
Slippage, 4 orders: −$38.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.38
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; HTX: live order book, 4 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 Extended live order book, 4 min ago	3.48 bp	6.3 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	5.86 bp	30.4 bp −$30	70.2 bp −$702	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	−0.0064%	1h	143.56	+0.132%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	+0.070%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.62	+0.174%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.57	+0.139%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.59	+0.152%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.471%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	+0.139%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.53	+0.108%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	+0.076%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0094%	1h	143.64	+0.188%	$833K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.46	+0.061%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0097%	8h	143.37	0.000%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.63	+0.183%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.50	+0.088%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.58	+0.147%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.56	+0.131%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.38	+0.007%	$64.3M	$183.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.40	+0.021%	$61.3M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+0.167%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.130%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.42	+0.034%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.39	+0.014%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.47	+0.069%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.37	0.000%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.41	+0.028%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	+0.202%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.081%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	+0.252%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.286%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.286%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+0.160%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.61	+0.167%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.57	+0.139%	$5K	$301K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	143.67	+0.210%	$694K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	143.54	+0.118%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	143.37	long leg	$913K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	143.60	+0.162%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.65	+0.194%	$195K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	+0.007%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.56	+0.135%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.63	+0.181%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	+0.146%	$777K	$2.8M	50x	as long as short