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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.040%

Price spread now: SunX against HTX−0.108%7-day average +0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1711.713% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.555%+$55 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.108%, 7d avg +0.128%

Together, before fees+0.836%+$84 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: SunX is 0.237% cheaper against HTX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	145.73	0.0100	pay 0.0100% / 8h	23m 24s	$689K	$5.1M	75x
Short	SunX AAVE-USDT	145.57	0.0100	get 0.0100% / 8h	23m 24s	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → +0.128%: −$23.65
Slippage, 4 orders: −$151.33
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$194.98
Costs to cover: 1.713%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; SunX: live order book, 11 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	6.89 bp	15.4 bp −$15	54.2 bp −$542	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	44.88 bp	66.5 bp −$67	doesn't fit	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	145.57	−0.111%	$254K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0065%	1h	145.56	−0.118%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	+0.143%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	145.68	−0.036%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.79	+0.039%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.70	−0.022%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.66	−0.048%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.75	+0.014%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.019%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.66	−0.048%	$66.4M	$186.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0041%	8h	145.67	−0.043%	$29.8M	$26.0M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.074%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.72	−0.008%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.68	−0.036%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	145.64	−0.063%	$17.9M	$67.5M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.61	−0.087%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.84	+0.078%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.70	−0.024%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.63	−0.070%	$801K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.040%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.80	+0.047%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.70	−0.023%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.74	+0.005%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.67	−0.043%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.232%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.69	−0.029%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.62	−0.077%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.70	−0.022%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.67	−0.043%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.231%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.77	+0.025%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.206%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.008%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.74	+0.005%	$127K	$457K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	145.57	−0.108%	$2K	$1.3M	20x
HTX AAVE-USDTlong	+0.0100%	8h	145.73	long leg	$689K	$5.1M	75x
Phemex AAVEUSDT	+0.0100%	8h	145.62	−0.077%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.64	−0.066%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.71	−0.018%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.77	+0.026%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.70	−0.019%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	+0.191%	$786K	$3.0M	50x	as long as short