Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against HTX−0.079%7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.079%, 7d avg +0.098%

Together, before fees+0.591%+$59 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: Bybit is 0.177% cheaper against HTX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	141.37	0.0100	pay 0.0100% / 8h	7h 53m	$665K	$5.3M	75x
Short	Bybit AAVEUSDT	141.26	0.0100	get 0.0100% / 8h	7h 53m	$60.8M	$69.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.098%: −$17.68
Slippage, 4 orders: −$37.43
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.11
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Bybit: 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 HTX live order book, 1 min ago	9.01 bp	17.1 bp −$17	61.9 bp −$619	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.35 bp	7.5 bp −$8	13.5 bp −$135	53.9 bp −$5,386	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
Phemex AAVEUSDT	−0.0049%	8h	141.34	−0.022%	$3.9M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0033%	1h	141.32	−0.036%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.29	−0.058%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.28	−0.064%	$46K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.28	−0.064%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.120%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.28	−0.062%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.29	−0.057%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	141.65	+0.197%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.18	−0.132%	$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	141.26	−0.075%	$826K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.48	+0.077%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.35	−0.013%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.27	−0.071%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.29	−0.060%	$63.5M	$192.4M	75x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	141.26	−0.079%	$60.8M	$69.4M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.26	−0.079%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.41	+0.028%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.137%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.31	−0.043%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.30	−0.050%	$22.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.33	−0.029%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.30	−0.050%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.30	−0.050%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	−0.099%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.11	−0.186%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.11	−0.187%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.16	−0.149%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.39	+0.013%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.27	−0.069%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.26	−0.079%	$5K	$298K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	141.37	long leg	$665K	$5.3M	75x
Extended AAVE-USD	+0.0104%	1h	141.25	−0.085%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.34	−0.022%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.33	−0.031%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.50	+0.088%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.40	+0.021%	$753K	$2.7M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0219%	1h	141.38	+0.006%	$384K	$732K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.35	−0.015%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.33	−0.030%	$182K	$295K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.38	+0.007%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.32	−0.035%	$110K	—	100x	as long as short