Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.018%

Price spread now: Lighter against HTX+0.039%7-day average +0.251% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.039%, 7d avg +0.251%

Together, before fees+0.640%+ Points / potential airdropLighter: Season 3 · farm board+$64 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: Lighter is 0.213% cheaper against HTX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.251%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	142.82	0.0100	pay 0.0100% / 8h	4h 03m	$687K	$5.2M	75x
Short	Lighter AAVE	142.88	0.0096	get 0.0012% / 1h	3m 52s	$4.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$0.84
Price spread: +0.039% → +0.251%: −$21.26
Slippage, 4 orders: −$41.46
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$75.56
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Lighter: live order book, 4 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, 5 min ago	9.60 bp	23.6 bp −$24	80.1 bp −$801	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.48 bp	6.6 bp −$7	23.5 bp −$235	58.0 bp −$5,799	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	−0.0136%	1h	142.60	−0.157%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.60	−0.155%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	−0.129%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.69	−0.094%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.68	−0.100%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0012%	1h	142.56	−0.185%	$839K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.106%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.65	−0.124%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	142.65	−0.122%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.01	+0.130%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0074%	1h	142.68	−0.101%	$5K	$302K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	142.88	+0.039%	$4.5M	$2.0M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.58	−0.168%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.95	+0.088%	$77.8M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.85	+0.016%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.58	−0.171%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.93	+0.071%	$63.7M	$187.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	+0.081%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.83	+0.004%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	−0.094%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.206%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.93	+0.074%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.90	+0.053%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.90	+0.053%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.80	−0.017%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.88	+0.039%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.91	+0.060%	$335K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.066%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.88	+0.039%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	+0.035%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.90	+0.053%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.72	−0.073%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.56	−0.186%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	142.82	long leg	$687K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.72	−0.073%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.81	−0.010%	$898K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.69	−0.091%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.66	−0.117%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.55	−0.192%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.68	−0.099%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.85	+0.017%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+0.067%	$793K	$2.8M	50x	as long as short