Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against HTX−0.214%7-day average — · you buy dearer than you sell

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

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.214% cheaper against HTX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	146.43	0.0100	pay 0.0100% / 8h	7h 16m	$712K	$5.2M	75x
Short	gTrade (Gains Network) AAVE/USD	146.12	L +0.0005% / S −0.0004%	get 0.0000% / 1h	16m 31s	$71K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.214%Rate

Funding earned: −$20.19
Price spread: −0.214% → 0.000%: −$21.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$63.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 HTX live order book, 2 min ago	1.03 bp	11.8 bp −$12	55.9 bp −$559	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.18	−0.176%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.39	−0.029%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0097%	1h	146.04	−0.268%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0048%	8h	146.10	−0.227%	$4.2M	$3.8M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.08	−0.241%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.31	−0.087%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.17	−0.180%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.33	−0.070%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	146.12	−0.214%	$71K	—	150x
MEXC AAVE_USDT	+0.0022%	8h	146.40	−0.023%	$28.9M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0022%	8h	146.34	−0.062%	$66.3M	$183.4M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.469%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.267%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.04	−0.268%	$18K	$10K	10x	as long as short
Gate AAVE_USDT	+0.0057%	8h	146.40	−0.023%	$7.9M	$15.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.32	−0.077%	$17.9M	$66.4M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0074%	1h	146.56	+0.087%	$136K	$231K	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.12	−0.215%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0088%	8h	146.04	−0.268%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.55	+0.080%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.37	−0.044%	$14K	$4K	20x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.34	−0.064%	$62.7M	$65.0M	75x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.34	−0.064%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.43	−0.002%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.29	−0.095%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.37	−0.046%	$334K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.39	−0.029%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.441%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.35	−0.057%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.32	−0.077%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.36	−0.050%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.21	−0.152%	$334K	$735K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.005%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	+0.021%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	+0.032%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.22	−0.145%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.13	−0.204%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	146.43	long leg	$712K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	146.32	−0.077%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.42	−0.010%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.10	−0.226%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.41	−0.016%	$785K	$2.9M	50x	as long as short