Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: dYdX against HTX−0.074%7-day average +0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$1931.934% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.337%+$34 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.074%, 7d avg +0.141%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.215% cheaper against HTX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.141%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.337%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	144.03	0.0100	pay 0.0100% / 8h	5h 42m	$697K	$5.2M	75x
Short	dYdX AAVE-USD	143.92	0	get 0.0000% / 1h	42m 31s	$103K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$21
Price spread: −0.074% → +0.141%: −$21.45
Slippage, 4 orders: −$171.41
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$235.87
Costs to cover: 1.934%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; dYdX: live order book, 21 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, 1 min ago	5.86 bp	12.1 bp −$12	61.5 bp −$615	doesn't fit	doesn't fit
Sell dYdX live order book, 21 min ago	69.43 bp	76.5 bp −$77	190.4 bp −$1,904	209.6 bp −$21.0K	214.1 bp −$107.0K

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	143.91	−0.084%	$11K	$2K	5x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	143.92	−0.074%	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.70	−0.230%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.89	−0.098%	$239K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.95	−0.053%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.909%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.86	−0.119%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.90	−0.094%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.383%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	143.90	−0.091%	$835K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.93	−0.070%	$17.2M	$63.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	144.11	+0.055%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.92	−0.079%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.02	−0.008%	$77.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.99	−0.025%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	−0.063%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.91	−0.085%	$64.5M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.94	−0.063%	$61.5M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	−0.056%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.329%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.96	−0.049%	$7.9M	$15.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.96	−0.049%	$26.1M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.97	−0.042%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.92	−0.077%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.92	−0.077%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	−0.028%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.459%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.46	−0.399%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.734%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.56	−0.327%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.94	−0.063%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.82	−0.146%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.92	−0.077%	$5K	$301K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.03	long leg	$697K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	143.87	−0.112%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.87	−0.110%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.90	−0.094%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.97	−0.042%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	−0.077%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.85	−0.125%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.00	−0.022%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.042%	$779K	$2.8M	50x	as long as short