Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: SunX against HTX−0.262%7-day average +0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$1731.732% of the position

Long on HTX Short on SunX

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)+0.442%+$44 · spread now −0.262%, 7d avg +0.109%

Together, before fees+0.988%+$99 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: SunX is 0.371% cheaper against HTX than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.109%.

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	1h 42m	$678K	$5.3M	75x
Short	SunX AAVE-USDT	142.45	0.0100	get 0.0100% / 8h	1h 42m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.262%Rate

Funding earned: $0
Price spread: −0.262% → +0.109%: −$37.06
Slippage, 4 orders: −$153.17
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$210.23
Costs to cover: 1.732%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; SunX: live order book, 11 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, 6 min ago	0.24 bp	13.2 bp −$13	45.5 bp −$455	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	44.88 bp	66.0 bp −$66	doesn't fit	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	142.51	−0.220%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.46	−0.252%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.43	−0.273%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.50	−0.223%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.103%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.268%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0061%	1h	142.39	−0.298%	$825K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.48	−0.238%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.80	−0.014%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.53	−0.202%	$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	142.39	−0.303%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.43	−0.272%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.49	−0.231%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.36	−0.321%	$64.2M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.30	−0.364%	$61.2M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.29	−0.371%	$17.0M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	−0.154%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.044%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.38	−0.308%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.40	−0.294%	$24.9M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.40	−0.294%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.37	−0.315%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.36	−0.322%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.50	−0.224%	$335K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.336%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.55	−0.187%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	−0.044%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.58	−0.168%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.53	−0.203%	$141K	$471K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	142.45	−0.262%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	142.41	−0.287%	$5K	$311K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	142.82	long leg	$678K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.43	−0.273%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.36	−0.323%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.45	−0.256%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0136%	1h	142.55	−0.189%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0194%	1h	142.56	−0.182%	$77.9M	$37.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.47	−0.245%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	−0.211%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.55	−0.191%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	−0.084%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.51	−0.215%	$3.4M	$2.1M	50x	as long as short