Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: HTX against MEXC+0.144%7-day average −0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.466%−$47 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.144%, 7d avg −0.119%

Together, before fees−0.608%−$61 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: HTX is 0.263% dearer against MEXC than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	140.37	0.0100	pay 0.0100% / 8h	4h 50m	$22.4M	$21.3M	200x
Short	HTX AAVE-USDT	140.57	0.0100	get 0.0100% / 8h	4h 50m	$634K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → −0.119%: $26.27
Slippage, 4 orders: −$24.79
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$10.52
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 1 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 MEXC live order book, 1 min ago	0.36 bp	0.4 bp $0	3.5 bp −$35	30.3 bp −$3,034	109.6 bp −$54.8K
Sell HTX live order book, 1 min ago	0.04 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0137%	1h	140.15	−0.157%	$7K	$216K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0107%	1h	140.16	−0.150%	$206K	$304K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	140.14	−0.164%	$10K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0007%	8h	140.26	−0.078%	$60.6M	$58.8M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.26	−0.077%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.32	−0.036%	$43K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.22	−0.110%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.429%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.10	−0.190%	—	—	20x	as long as short
Variational Omni AAVE	+0.0057%	8h	140.50	+0.091%	$3.6M	$758K	—	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.12	−0.178%	$17K	$2K	10x	as long as short
Phemex AAVEUSDT	+0.0095%	8h	140.16	−0.150%	$3.9M	$3.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	140.43	+0.039%	$4.5M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.65	+0.199%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.10	−0.190%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.12	−0.178%	$812K	$308K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.42	+0.036%	$77.0M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.32	−0.038%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.18	−0.134%	$342K	$300K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.32	−0.036%	$63.2M	$157.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.27	−0.071%	$16.1M	$50.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.27	−0.071%	$93K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.57	+0.145%	$165K	$20K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.30	−0.050%	$8.0M	$13.0M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	140.37	long leg	$22.4M	$21.3M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	140.32	−0.036%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.28	−0.064%	$29.0M	$16.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.26	−0.078%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.42	+0.036%	$384K	$592K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.53	+0.113%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.61	+0.169%	$443K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.54	+0.121%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.22	−0.107%	$131K	$367K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.16	−0.151%	$2K	$1.1M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	140.57	+0.144%	$634K	$1.4M	75x
Extended AAVE-USD	+0.0104%	1h	140.23	−0.101%	$908K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.17	−0.144%	$118K	—	10x	as long as short
RISEx AAVE/USDC	+0.0175%	1h	140.21	−0.117%	$172K	$229K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.12	−0.178%	$3.2M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	140.21	−0.117%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.34	−0.021%	$748K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0337%	1h	140.26	−0.077%	$3.4M	$1.8M	50x	as long as short