Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: HTX against Pacifica+0.208%7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.511%−$51 on $10k

Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.208%, 7d avg −0.134%

Together, before fees−0.796%+ Points / potential airdropPacifica: Active · farm board−$80 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 0.342% dearer against Pacifica than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	142.16	0.0100	pay 0.0013% / 1h	27m 48s	$325K	$447K	10x
Short	HTX AAVE-USDT	142.46	0.0100	get 0.0100% / 8h	2h 27m	$681K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → −0.134%: $34.19
Slippage, 4 orders: −$38.87
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.68
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from Pacifica: live order book, 21 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 Pacifica live order book, 21 min ago	3.48 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	5.33 bp	29.8 bp −$30	61.1 bp −$611	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	142.03	−0.092%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.96	−0.140%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.03	−0.091%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.98	−0.125%	$79K	—	150x	as long as short
Nado AAVE-PERP	+0.0027%	1h	141.98	−0.126%	$827K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.657%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.94	−0.155%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0068%	8h	141.99	−0.119%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.10	−0.042%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.06	−0.066%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVElong	+0.0100%	1h	142.16	long leg	$325K	$447K	10x
Binance AAVEUSDT	+0.0100%	8h	142.04	−0.084%	$63.5M	$190.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.02	−0.098%	$60.9M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.94	−0.154%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.23	+0.050%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.126%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.95	−0.147%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.97	−0.133%	$25.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.97	−0.133%	$10.2M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.97	−0.133%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.95	−0.147%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.93	−0.159%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.32	+0.112%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.06	−0.068%	$445K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.28	+0.085%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.04	−0.084%	$140K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.13	−0.020%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.01	−0.105%	$5K	$313K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	142.46	+0.208%	$681K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.04	−0.084%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.91	−0.178%	$905K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.06	−0.070%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.07	−0.061%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0108%	1h	142.11	−0.034%	$77.7M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.14	−0.013%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0152%	1h	142.20	+0.029%	$337K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.07	−0.066%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.37	+0.148%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.07	−0.065%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.94	−0.157%	$111K	—	100x	as long as short
Lighter AAVE	+0.0280%	1h	142.23	+0.053%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.08	−0.056%	$765K	$2.8M	50x	as long as short