Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.026%

Price spread now: Kraken Futures against HTX−0.177%7-day average +0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.372%+$37 on $10k

Price spread, last 3 days (all we have)+0.563%+$56 · spread now −0.177%, 7d avg +0.167%

Together, before fees+0.935%+$94 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.344% cheaper against HTX than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.167%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.372%, 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	145.46	0.0100	pay 0.0100% / 8h	1h 21m	$697K	$5.0M	75x
Short	Kraken Futures PF_AAVEUSD	145.21	0.0054	get 0.0007% / 1h	21m 56s	$3.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.177%Rate

Funding earned: −$9.66
Price spread: −0.177% → +0.167%: −$34.45
Slippage, 4 orders: −$38.12
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$104.23
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	10.35 bp	16.4 bp −$16	41.7 bp −$417	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.45 bp	14.1 bp −$14	24.7 bp −$247	122.4 bp −$12.2K	doesn't fit

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	−0.0144%	1h	145.06	−0.278%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	144.98	−0.333%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0036%	1h	145.08	−0.264%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.06	−0.280%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.10	−0.250%	$68K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.12	−0.236%	$255K	$480K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.08	−0.262%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.846%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	145.15	−0.216%	$30.9M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	145.16	−0.209%	$66.1M	$185.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.03	−0.301%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.10	−0.248%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	145.04	−0.291%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.17	−0.202%	$17.6M	$66.9M	50x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0054%	1h	145.21	−0.177%	$3.5M	$2.1M	50x
Gate AAVE_USDT	+0.0062%	8h	145.15	−0.216%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.12	−0.240%	$123K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.79	−0.467%	$457K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.31	−0.108%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.01	−0.310%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	−0.291%	$803K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.25	−0.147%	$79.8M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.18	−0.193%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.00	−0.317%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.16	−0.209%	$61.6M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.07	−0.271%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.823%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.16	−0.209%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.16	−0.209%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.17	−0.202%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	−0.140%	$347K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	−0.548%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.72	−0.512%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	−0.477%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.10	−0.250%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.00	−0.317%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	145.46	long leg	$697K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	145.07	−0.271%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.10	−0.249%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.87	−0.408%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.06	−0.277%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.278%	$787K	$3.0M	50x	as long as short