Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.006%

Price spread now: Kraken Futures against HTX−0.250%59s7-day average +0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$730.732% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 4 days (all we have)+0.453%+$45 · spread now −0.250%, 7d avg +0.141%

Together, before fees+0.844%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.391% cheaper against HTX than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of +0.141%). If the spread goes back, that is −$39 on $10k: about 6.3 days of funding at the current rate (+$6 a day). The two prices were read 59 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	HTX AAVE-USDT	141.73	0.0100	pay 0.0100% / 8h	5h 51m	$658K	$1.4M	75x
Short	Kraken Futures PF_AAVEUSD	141.38	0.0307	get 0.0038% / 1h	51m 15s	$3.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.250%Rate

Funding earned: $43.47
Price spread: −0.250% → +0.141%: −$39.07
Slippage, 4 orders: −$51.2
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$68.81
Costs to cover: 0.732%
Break-even: 18.1 days

Slippage from HTX: live order book, 1 min ago; Kraken Futures: live order book, 6 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	0.04 bp	19.7 bp −$20	55.8 bp −$558	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	2.82 bp	11.6 bp −$12	17.7 bp −$177	202.2 bp −$20.2K	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0187%	1h	141.31	−0.296%	$7K	$232K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0104%	1h	141.33	−0.282%	$208K	$323K	50x	as long as short
01 Exchange AAVEUSD	−0.0024%	1h	141.35	−0.267%	$10K	$1K	5x	as long as short
ApeX Omni AAVEUSDT	0.0000%	1h	141.46	−0.190%	$132K	$221K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.38	−0.248%	$102K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.43	−0.211%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.53	−0.140%	$79K	—	150x	as long as short
Bybit AAVEUSDT	+0.0011%	8h	141.27	−0.324%	$61.1M	$59.6M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	141.72	−0.006%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.365%	$422	$51K	12x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0035%	8h	141.32	−0.289%	$3.9M	$3.6M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.26	−0.330%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.27	−0.324%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.47	−0.184%	$4.5M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	−0.042%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.24	−0.343%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.31	−0.292%	$812K	$306K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.47	−0.183%	$77.7M	$27.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.40	−0.232%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.30	−0.303%	$344K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.30	−0.303%	$63.6M	$162.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.30	−0.303%	$16.3M	$52.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.45	−0.197%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.32	−0.289%	$8.1M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.31	−0.296%	$21.8M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.34	−0.274%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.30	−0.303%	$29.1M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.30	−0.303%	—	$42.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.48	−0.176%	$387K	$603K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.47	−0.182%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.72	−0.009%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.38	−0.246%	$133K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.30	−0.300%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	141.73	long leg	$658K	$1.4M	75x
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.036%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.25	−0.340%	$913K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.32	−0.292%	$119K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.38	−0.243%	$171K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.46	−0.190%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.099%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.39	−0.237%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0307%	1h	141.38	−0.250%	$3.5M	$1.9M	50x