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 −0.008%

Price spread now: HTX against BingX+0.045%52s7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.641% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.508%−$51 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.045%, 7d avg −0.109%

Together, before fees−0.658%−$66 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 0.154% dearer against BingX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.109%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	141.15	0.0100	pay 0.0100% / 8h	17m 29s	—	$43.6M	—
Short	HTX AAVE-USDT	141.21	0.0100	get 0.0100% / 8h	17m 29s	$667K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.109%: $15.37
Slippage, 4 orders: −$42.1
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.73
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from BingX: live order book, 11 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 BingX live order book, 11 min ago	0.71 bp	5.8 bp −$6	8.6 bp −$86	18.5 bp −$1,853	45.6 bp −$22.8K
Sell HTX live order book, 1 min ago	13.16 bp	27.9 bp −$28	65.3 bp −$653	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	141.19	+0.029%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.10	−0.035%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.16	+0.007%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.20	+0.033%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.968%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.12	−0.023%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.12	−0.021%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.36	+0.147%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.14	−0.006%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.14	−0.007%	$826K	$399K	10x	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	141.29	+0.099%	$77.1M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.17	+0.015%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.19	+0.026%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.12	−0.018%	$63.4M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.09	−0.043%	$60.7M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.14	−0.007%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.27	+0.085%	$91K	$221K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.15	0.000%	$8.0M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.15	0.000%	$22.6M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.18	+0.021%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.14	−0.007%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	141.15	long leg	—	$43.6M	—
Variational Omni AAVE	+0.0100%	8h	140.89	−0.184%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.10	−0.037%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	+0.031%	$445K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.19	+0.028%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.22	+0.050%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.07	−0.060%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.15	0.000%	$5K	$297K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	141.21	+0.045%	$667K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	141.15	0.000%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.18	+0.021%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.08	−0.051%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.19	+0.028%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.17	+0.014%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.19	+0.028%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.043%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.20	+0.032%	$189K	$292K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0250%	1h	141.27	+0.085%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.13	−0.011%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.10	−0.035%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.26	+0.077%	$3.4M	$2.1M	50x	as long as short