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: HTX against SunX+0.132%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1741.738% of the position

Long on SunX Short on HTX

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)−0.305%−$31 · spread now +0.132%, 7d avg −0.111%

Together, before fees−0.851%−$85 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 0.243% dearer against SunX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	143.20	0.0100	pay 0.0100% / 8h	2h 19m	$2K	$1.3M	20x
Short	HTX AAVE-USDT	143.39	0.0100	get 0.0100% / 8h	2h 19m	$681K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.111%: $24.25
Slippage, 4 orders: −$153.76
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$149.51
Costs to cover: 1.738%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; HTX: live order book, 4 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 SunX live order book, 4 min ago	44.91 bp	65.4 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	5.16 bp	16.7 bp −$17	49.1 bp −$491	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	143.45	+0.176%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.09	−0.075%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.24	+0.029%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.26	+0.045%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0020%	1h	143.16	−0.027%	$838K	$404K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.356%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.18	−0.010%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0070%	8h	143.27	+0.050%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0096%	8h	143.28	+0.057%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.43	+0.162%	$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
Hyperliquid AAVE	+0.0100%	1h	143.54	+0.239%	$78.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.46	+0.183%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.46	+0.182%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.45	+0.176%	$64.4M	$191.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.45	+0.176%	$61.6M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.44	+0.169%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.56	+0.253%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.641%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.44	+0.169%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.46	+0.183%	$25.2M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.46	+0.183%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.46	+0.183%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.44	+0.169%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.355%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.15	−0.732%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.744%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.711%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.23	+0.022%	$142K	$468K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.20	long leg	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	143.28	+0.057%	$5K	$313K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	143.39	+0.132%	$681K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	143.41	+0.147%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.26	+0.043%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.21	+0.011%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.613%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0149%	1h	143.51	+0.218%	$340K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.53	+0.230%	$192K	$254K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.66	−0.376%	$3.3M	$3.5M	100x	as long as short
Lighter AAVE	+0.0232%	1h	143.62	+0.293%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.35	+0.104%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.26	+0.046%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.85	−0.243%	$763K	$2.9M	50x	as long as short