Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: HTX against ApeX Omni−0.014%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

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

costs, in and out, $10k−$700.703% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.544%−$54 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.014%, 7d avg −0.144%

Together, before fees−0.597%−$60 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 0.130% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	145.93	0.0100	pay 0.0013% / 1h	39m 35s	$136K	$229K	50x
Short	HTX AAVE-USDT	145.91	0.0100	get 0.0100% / 8h	39m 35s	$698K	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.144%: $12.99
Slippage, 4 orders: −$48.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.27
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 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 ApeX Omni live order book, 37 min ago	6.90 bp	14.3 bp −$14	93.3 bp −$933	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	10.43 bp	24.0 bp −$24	63.7 bp −$637	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	−0.089%	$255K	$406K	50x	as long as short
SoDEX AAVE-USD	−0.0051%	1h	145.77	−0.110%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.19	+0.178%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.90	−0.021%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.71	−0.151%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	−0.035%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.84	−0.062%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0008%	1h	145.72	−0.144%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.147%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.74	−0.130%	$30.6M	$25.8M	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	145.68	−0.171%	$66.3M	$185.8M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.74	−0.128%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.76	−0.116%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	145.66	−0.185%	$17.8M	$67.3M	50x	as long as short
Gate AAVE_USDT	+0.0076%	8h	145.68	−0.171%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.82	−0.075%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.97	+0.031%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.66	−0.187%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.78	−0.103%	$802K	$441K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.76	−0.114%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.78	−0.100%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.69	−0.164%	$62.1M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.69	−0.164%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.034%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.77	−0.110%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.65	−0.192%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.67	−0.178%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.87	−0.041%	$358K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.91	−0.016%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.86	−0.046%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.97	+0.026%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	145.93	long leg	$136K	$229K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.84	−0.062%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.77	−0.108%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	145.91	−0.014%	$698K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	145.80	−0.089%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.62	−0.213%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.74	−0.128%	$185K	$246K	10x	as long as short
Hyperliquid AAVE	+0.0108%	1h	145.92	−0.007%	$80.5M	$34.6M	10x	as long as short
BloFin AAVE-USDT	+0.0164%	8h	145.86	−0.048%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.84	−0.061%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.206%	$789K	$3.0M	50x	as long as short