Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.001%

Price spread now: Injective against HTX−3.489%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

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 −$2 a day on $10k at the current rate, and Injective is 3.489% cheaper against HTX than usual: you would sell low and buy high (−$349 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.386%, 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	141.91	0.0100	pay 0.0100% / 8h	59m 03s	$672K	$5.3M	75x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	59m 03s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.489%Rate

Funding earned: −$14
Price spread: −3.489% → 0.000%: −$348.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$374.9
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; Injective: 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, 5 min ago	0.14 bp	21.9 bp −$22	61.4 bp −$614	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Nado AAVE-PERP	−0.0131%	1h	141.72	−0.131%	$825K	$396K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0032%	1h	141.72	−0.135%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.90	−0.008%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	−0.099%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.75	−0.116%	$79K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−3.489%	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	141.69	−0.158%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0081%	8h	141.71	−0.142%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.140%	$5K	$97K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.88	−0.023%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.79	−0.084%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.81	−0.071%	$77.5M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.71	−0.142%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.83	−0.057%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.61	−0.212%	$63.5M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.60	−0.219%	$61.2M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.61	−0.212%	$16.9M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.89	−0.015%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	−0.103%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.69	−0.156%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.71	−0.142%	$24.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.73	−0.128%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.54	−0.261%	$28.9M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.66	−0.177%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	−0.050%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.88	−0.022%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.92	+0.009%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.95	+0.027%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.79	−0.085%	$140K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.78	−0.089%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.71	−0.142%	$5K	$285K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	141.91	long leg	$672K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	141.76	−0.106%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.65	−0.187%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.74	−0.121%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	141.78	−0.092%	$389K	$728K	10x	as long as short
01 Exchange AAVEUSD	+0.0168%	1h	141.86	−0.036%	$10K	$2K	5x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.74	−0.120%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.78	−0.091%	$188K	$273K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.73	−0.127%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.29	+0.267%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.83	−0.060%	$3.4M	$2.1M	50x	as long as short