Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.003%

Price spread now: HTX against RISEx+0.150%7-day average −0.118% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.150%, 7d avg −0.118%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.268% dearer against RISEx than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.118%): +$27 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	141.23	0.0223	pay 0.0028% / 1h	37m 55s	$171K	$299K	10x
Short	HTX AAVE-USDT	141.44	0.0100	get 0.0100% / 8h	7h 37m	$665K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$25.88
Price spread: +0.150% → −0.118%: $26.82
Slippage, 4 orders: −$35.31
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.37
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from RISEx: live order book, 60 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 RISEx live order book, 60 min ago	1.06 bp	4.1 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	10.16 bp	23.3 bp −$23	56.2 bp −$562	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	−0.0033%	1h	141.21	−0.012%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.10	−0.092%	$102K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.11	−0.083%	$52K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.22	−0.005%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.021%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.17	−0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0088%	8h	141.16	−0.047%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.26	+0.024%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.222%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.04	−0.135%	$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
Nado AAVE-PERP	+0.0100%	1h	141.07	−0.111%	$825K	$402K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.39	+0.116%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.27	+0.033%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.10	−0.088%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.27	+0.031%	$63.5M	$191.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.25	+0.017%	$60.9M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.25	+0.017%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.29	+0.045%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	−0.042%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.24	+0.010%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.23	+0.002%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.25	+0.017%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.27	+0.031%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.23	+0.002%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	−0.046%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.25	+0.013%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.42	+0.137%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.33	+0.073%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.28	+0.038%	$134K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.19	−0.023%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.20	−0.019%	$5K	$299K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	141.44	+0.150%	$665K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	141.18	−0.033%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.21	−0.013%	$907K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.22	−0.006%	$119K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0174%	1h	141.41	+0.130%	$385K	$732K	10x	as long as short
Lighter AAVE	+0.0184%	1h	141.42	+0.136%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.22	−0.005%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.12	−0.075%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDClong	+0.0223%	1h	141.23	long leg	$171K	$299K	10x
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.30	+0.049%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.22	−0.007%	$110K	—	100x	as long as short