Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.016%

Price spread now: HTX against SoDEX+0.206%7-day average −0.121% · 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−$17as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.174%−$17 on $10k

Price spread, last 3 days (all we have)−0.395%−$40 · spread now +0.206%, 7d avg −0.121%

Together, before fees−0.570%−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.327% dearer against SoDEX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.121%. Mind the row above: over the last 3 days funding on this pair cost −0.174%, 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	SoDEX AAVE-USD	145.79	−0.0061	get 0.0008% / 1h	26m 13s	$5K	$305K	10x
Short	HTX AAVE-USDT	146.09	0.0100	get 0.0100% / 8h	26m 13s	$691K	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.206%Rate

Funding earned: $33.76
Price spread: +0.206% → −0.121%: $32.72
Slippage, 4 orders: −$29.75
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $16.72
Costs to cover: 0.498%
Break-even: 3.5 days

Slippage from SoDEX: live order book, 52 min ago; HTX: live order book, 3 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 SoDEX live order book, 52 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell HTX live order book, 3 min ago	11.07 bp	22.6 bp −$23	56.8 bp −$568	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	−0.0093%	1h	145.80	+0.007%	$255K	$394K	50x	as long as short
SoDEX AAVE-USDlong	−0.0061%	1h	145.79	long leg	$5K	$305K	10x
Phoenix AAVE	−0.0027%	1h	146.18	+0.268%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.90	+0.075%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.340%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.84	+0.034%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	+0.061%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.87	+0.051%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.057%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.83	+0.027%	$30.1M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	145.78	−0.007%	$66.4M	$186.0M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.81	+0.012%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.77	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	145.78	−0.007%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.80	+0.007%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.81	+0.017%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.22	+0.293%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.99	+0.138%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.91	+0.079%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.01	+0.151%	$80.5M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.97	+0.124%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.17	+0.259%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.80	+0.007%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.98	+0.130%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.192%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.91	+0.082%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.74	−0.034%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.80	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.32	+0.364%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.191%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.08	+0.197%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.256%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	+0.192%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.91	+0.082%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	−0.005%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	146.09	+0.206%	$691K	$5.1M	75x
Phemex AAVEUSDT	+0.0100%	8h	145.82	+0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.76	−0.021%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.99	+0.135%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.06	+0.185%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.84	+0.036%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	+0.151%	$786K	$3.0M	50x	as long as short