Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.014%

Price spread now: RISEx against HTX−0.057%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.057%, 7d avg +0.123%

Together, before fees+0.424%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.180% cheaper against HTX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.123%). If the spread goes back, that is −$18 on $10k: about 5.6 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.264% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	143.39	0.0100	pay 0.0100% / 8h	2h 20m	$681K	$5.2M	75x
Short	RISEx AAVE/USDC	143.31	0.0207	get 0.0026% / 1h	20m 19s	$192K	$254K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.057%Rate

Funding earned: $22.51
Price spread: −0.057% → +0.123%: −$17.99
Slippage, 4 orders: −$33
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$46.47
Costs to cover: 0.510%
Break-even: 21.5 days

Slippage from HTX: live order book, 4 min ago; RISEx: live order book, 28 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, 4 min ago	5.16 bp	25.6 bp −$26	58.5 bp −$585	doesn't fit	doesn't fit
Sell RISEx live order book, 28 min ago	1.40 bp	4.4 bp −$4	8.7 bp −$87	doesn't fit	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
dYdX AAVE-USD	0.0000%	1h	143.07	−0.220%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.09	−0.207%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.24	−0.103%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.26	−0.087%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0020%	1h	143.16	−0.158%	$838K	$404K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.482%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.18	−0.141%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0070%	8h	143.27	−0.082%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0096%	8h	143.28	−0.075%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.18	−0.145%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	143.35	−0.026%	$78.3M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.29	−0.067%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.16	−0.155%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.32	−0.045%	$64.3M	$191.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.32	−0.047%	$61.5M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.34	−0.033%	$17.1M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.34	−0.033%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.772%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.24	−0.103%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.36	−0.019%	$25.2M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.30	−0.061%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.25	−0.096%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.27	−0.082%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.486%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.15	−0.862%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.875%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.842%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.23	−0.109%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.20	−0.132%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.28	−0.075%	$5K	$313K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	143.39	long leg	$681K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	143.23	−0.110%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.26	−0.089%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.21	−0.121%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.744%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0143%	1h	142.83	−0.388%	$339K	$730K	10x	as long as short
RISEx AAVE/USDCshort	+0.0207%	1h	143.31	−0.057%	$192K	$254K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.66	−0.507%	$3.3M	$3.5M	100x	as long as short
Lighter AAVE	+0.0232%	1h	143.47	+0.056%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.35	−0.028%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.26	−0.086%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.85	−0.375%	$763K	$2.9M	50x	as long as short