Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: BingX against HTX−0.161%7-day average +0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.508%+$51 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.161%, 7d avg +0.119%

Together, before fees+0.425%+$43 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: BingX is 0.280% cheaper against HTX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	143.84	0.0100	pay 0.0100% / 8h	5h 44m	$696K	$5.2M	75x
Short	BingX AAVE-USDT	143.61	0.0100	get 0.0100% / 8h	5h 44m	—	$44.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → +0.119%: −$27.95
Slippage, 4 orders: −$32.61
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.56
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; BingX: live order book, 9 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 HTX live order book, 4 min ago	2.27 bp	11.0 bp −$11	66.8 bp −$668	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.35 bp	5.9 bp −$6	8.3 bp −$83	19.7 bp −$1,969	50.2 bp −$25.1K

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	143.60	−0.168%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	−0.204%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	−0.258%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	−0.154%	$238K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.54	−0.212%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.784%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	−0.188%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	−0.181%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.251%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.57	−0.188%	$17.2M	$63.5M	50x	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	143.75	−0.061%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.66	−0.126%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.57	−0.185%	$64.4M	$183.4M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	−0.195%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	−0.234%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.63	−0.147%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	−0.047%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.49	−0.247%	$327K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.57	−0.188%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.63	−0.147%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.198%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	−0.174%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.80	−0.029%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.61	−0.161%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	143.61	−0.161%	—	$44.0M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.78	−0.042%	$320K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.328%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.01	−0.574%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.603%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	−0.376%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	−0.168%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.59	−0.172%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.61	−0.161%	$5K	$301K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	143.84	long leg	$696K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	143.62	−0.154%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.74	−0.071%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.63	−0.150%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.67	−0.119%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	−0.223%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	−0.212%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.70	−0.101%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.72	−0.084%	$778K	$2.8M	50x	as long as short