Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)+0.078%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.078% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	141.58	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	46m 13s	$79K	—	150x
Short	HTX AAVE-USDT	141.69	0.0100	get 0.0100% / 8h	7h 46m	$667K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $19.96
Price spread: +0.078% → 0.000%: $7.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $5.73
Costs to cover: 0.220%
Break-even: 5.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	9.73 bp	24.7 bp −$25	59.2 bp −$592	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0033%	1h	141.55	−0.018%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.63	+0.039%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.59	+0.010%	$53K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	141.58	long leg	$79K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.260%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.50	−0.057%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.52	−0.040%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	141.55	−0.018%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.55	−0.020%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.59	+0.010%	$828K	$400K	10x	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	141.68	+0.073%	$77.3M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.62	+0.032%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.63	+0.038%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.55	−0.018%	$63.6M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.52	−0.040%	$61.0M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.56	−0.011%	$16.7M	$65.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.72	+0.102%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.057%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.59	+0.010%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.54	−0.025%	$22.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.59	+0.010%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.55	−0.018%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.55	−0.018%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.52	−0.038%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.56	−0.014%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.63	+0.038%	$453K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.59	+0.010%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.61	+0.024%	$134K	$475K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.53	−0.030%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.55	−0.018%	$5K	$299K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	141.69	+0.078%	$667K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	141.57	−0.004%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.50	−0.054%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.66	+0.059%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.56	−0.010%	$120K	$146	10x	as long as short
Lighter AAVE	+0.0192%	1h	141.77	+0.134%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.83	+0.179%	$755K	$2.8M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.59	+0.010%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.59	+0.010%	$177K	$296K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0233%	1h	141.69	+0.081%	$385K	$732K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.63	+0.036%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.56	−0.013%	$110K	—	100x	as long as short