Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.030%

Price spread now: HTX against Kraken Futures−0.024%7-day average −0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 3 days (all we have)−0.179%−$18 · spread now −0.024%, 7d avg −0.169%

Together, before fees−0.552%−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.145% dearer against Kraken Futures than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.169%. Mind the row above: over the last 7 days funding on this pair cost −0.373%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	144.15	0.0012	pay 0.0002% / 1h	12m 15s	$3.4M	$2.1M	50x
Short	HTX AAVE-USDT	144.12	0.0100	get 0.0100% / 8h	2h 12m	$717K	$4.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $18.4
Price spread: −0.024% → −0.169%: $14.48
Slippage, 4 orders: −$49.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.06
Costs to cover: 0.719%
Break-even: 21.9 days

Slippage from Kraken Futures: live order book, 2 min ago; HTX: 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 Kraken Futures live order book, 2 min ago	5.55 bp	18.0 bp −$18	27.2 bp −$272	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	10.70 bp	22.3 bp −$22	84.3 bp −$843	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
Deribit AAVE_USDC-PERPETUAL	−0.0374%	1h	144.03	−0.085%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0158%	1h	143.98	−0.120%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	144.03	−0.085%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.39	+0.164%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.15	−0.005%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.05	−0.072%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.08	−0.053%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0012%	1h	144.15	long leg	$3.4M	$2.1M	50x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.990%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.99	−0.114%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0050%	8h	143.98	−0.117%	$65.6M	$184.9M	75x	as long as short
MEXC AAVE_USDT	+0.0050%	8h	143.98	−0.120%	$31.2M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.02	−0.092%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.01	−0.099%	$17.4M	$66.0M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.02	−0.092%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0079%	1h	144.26	+0.074%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	+0.021%	$451K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.22	+0.045%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.06	−0.066%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.09	−0.043%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.084%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.106%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.16	+0.005%	$80.1M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	−0.065%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.077%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.02	−0.092%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.06	−0.065%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.08	−0.051%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.95	−0.141%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.02	−0.092%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	−0.023%	$380K	$708K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.080%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.28	+0.086%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.08	−0.051%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.99	−0.115%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.12	−0.024%	$717K	$4.9M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.02	−0.092%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.126%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.97	−0.127%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0170%	8h	144.02	−0.092%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.248%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.07	−0.058%	$124K	—	100x	as long as short