Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.016%

Price spread now: SoDEX against HTX−0.294%7-day average +0.125% · 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−$93as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.177%+$18 on $10k

Price spread, last 3 days (all we have)+0.486%+$49 · spread now −0.294%, 7d avg +0.125%

Together, before fees+0.663%+$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.419% cheaper against HTX than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +0.125%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.177%, 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	144.72	0.0100	pay 0.0100% / 8h	2h 33m	$726K	$4.9M	75x
Short	SoDEX AAVE-USD	144.30	−0.0194	pay 0.0024% / 1h	33m 30s	$5K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.294%Rate

Funding earned: −$61.72
Price spread: −0.294% → +0.125%: −$41.86
Slippage, 4 orders: −$31.18
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$154.76
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; SoDEX: live order book, 55 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, 1 min ago	11.78 bp	17.9 bp −$18	60.9 bp −$609	doesn't fit	doesn't fit
Sell SoDEX live order book, 55 min ago	0.34 bp	5.7 bp −$6	10.0 bp −$100	96.6 bp −$9,661	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
Deribit AAVE_USDC-PERPETUAL	−0.0373%	1h	144.36	−0.252%	$248K	$483K	50x	as long as short
SoDEX AAVE-USDshort	−0.0194%	1h	144.30	−0.294%	$5K	$299K	10x
01 Exchange AAVEUSD	−0.0136%	1h	144.34	−0.266%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.13	−0.411%	$4K	$101K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0026%	1h	144.08	−0.446%	$134K	$229K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	−0.221%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.37	−0.245%	$71K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	−0.209%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.46	−0.180%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.365%	$422	$51K	12x	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	144.34	−0.263%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.37	−0.245%	$17.5M	$65.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	144.31	−0.287%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0056%	8h	144.36	−0.252%	$7.7M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0067%	8h	144.35	−0.259%	$31.7M	$26.2M	200x	as long as short
Binance AAVEUSDT	+0.0067%	8h	144.31	−0.287%	$65.7M	$183.3M	75x	as long as short
Nado AAVE-PERP	+0.0091%	1h	144.35	−0.256%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.35	−0.257%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.57	−0.104%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.36	−0.253%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.41	−0.216%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	−0.233%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.50	−0.154%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.42	−0.211%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.40	−0.224%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.40	−0.225%	$61.5M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.36	−0.252%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	−0.076%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.44	−0.197%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.36	−0.252%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.39	−0.231%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.43	−0.204%	$377K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	−0.446%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.26	−0.320%	$100K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.48	−0.169%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.30	−0.291%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.72	long leg	$726K	$4.9M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.39	−0.231%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.37	−0.246%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0188%	8h	144.32	−0.280%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.252%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.39	−0.231%	$124K	—	100x	as long as short