Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bulk against HTX+0.133%7-day average +0.122% · 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−$53as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.306%+$31 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.133%, 7d avg +0.122%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	141.38	0.0100	pay 0.0100% / 8h	7h 52m	$666K	$5.3M	75x
Short	Bulk AAVE-USD	141.56	0.0100	get 0.0013% / 1h	52m 05s	$163K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against HTX. 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 HTXbpFee BulkbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.122%: $1.1
Slippage, 4 orders: −$34.66
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$52.56
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Bulk: live order book, 12 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 HTX live order book, 2 min ago	9.01 bp	17.1 bp −$17	61.9 bp −$619	doesn't fit	doesn't fit
Sell Bulk live order book, 12 min ago	0.35 bp	5.1 bp −$5	7.2 bp −$72	15.1 bp −$1,510	60.2 bp −$30.1K

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	141.29	−0.061%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.29	−0.061%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.27	−0.075%	$46K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.28	−0.067%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.124%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.32	−0.041%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.26	−0.082%	$17K	$8K	10x	as long as short
Phemex AAVEUSDT	+0.0089%	8h	141.38	+0.003%	$3.9M	$3.6M	50x	as long as short
Phoenix AAVE	+0.0096%	1h	141.65	+0.194%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.26	−0.083%	$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	141.41	+0.022%	$827K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.48	+0.074%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.39	+0.011%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.33	−0.033%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.31	−0.047%	$63.5M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.29	−0.061%	$60.9M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.31	−0.047%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.48	+0.074%	$91K	$221K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	141.56	+0.133%	$163K	$106K	10x
Gate AAVE_USDT	+0.0100%	8h	141.32	−0.040%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.34	−0.025%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.38	+0.003%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.30	−0.054%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.33	−0.033%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	−0.102%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.11	−0.189%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.11	−0.190%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.16	−0.153%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.44	+0.045%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.43	+0.041%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.21	−0.117%	$5K	$298K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	141.38	long leg	$666K	$5.3M	75x
Extended AAVE-USD	+0.0104%	1h	141.19	−0.128%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.51	+0.095%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.30	−0.053%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.45	+0.052%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0203%	1h	141.47	+0.066%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.46	+0.059%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.35	−0.018%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.50	+0.084%	$177K	$297K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.32	−0.037%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.33	−0.030%	$110K	—	100x	as long as short