Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: HTX against Phemex+0.080%7-day average −0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

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

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.528%−$53 on $10k

Price spread, last 4 days (all we have)−0.319%−$32 · spread now +0.080%, 7d avg −0.140%

Together, before fees−0.848%−$85 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 0.220% dearer against Phemex than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAVEUSDT	143.80	0.0100	pay 0.0100% / 8h	5h 26m	$4.1M	$3.7M	50x
Short	HTX AAVE-USDT	143.91	0.0100	get 0.0100% / 8h	5h 26m	$694K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → −0.140%: $22.02
Slippage, 4 orders: −$36.41
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.39
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 3 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 Phemex live order book, 3 min ago	3.48 bp	12.6 bp −$13	21.2 bp −$212	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	5.03 bp	23.3 bp −$23	54.1 bp −$541	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
01 Exchange AAVEUSD	−0.0056%	1h	143.77	−0.021%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.60	−0.139%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.65	−0.104%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.77	−0.021%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.77	−0.018%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.757%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.74	−0.039%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.76	−0.028%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0049%	1h	143.71	−0.059%	$831K	$432K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.86	+0.042%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.96	+0.113%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.60	−0.142%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.87	+0.049%	$77.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.84	+0.026%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.65	−0.106%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.81	+0.007%	$64.4M	$182.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.80	0.000%	$61.4M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.79	−0.007%	$17.2M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.80	0.000%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.90	+0.070%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.82	+0.014%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.79	−0.007%	$25.9M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.85	+0.035%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.81	+0.007%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.80	0.000%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.90	+0.070%	$321K	$699K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.03	+0.157%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.93	+0.090%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	+0.115%	$453K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.04	+0.167%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.84	+0.028%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.75	−0.034%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.77	−0.021%	$5K	$301K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	143.91	+0.080%	$694K	$5.2M	75x
Phemex AAVEUSDTlong	+0.0100%	8h	143.80	long leg	$4.1M	$3.7M	50x
Extended AAVE-USD	+0.0104%	1h	143.72	−0.055%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.78	−0.012%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.82	+0.016%	$187K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.53	−0.188%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.76	−0.027%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.89	+0.060%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	+0.118%	$783K	$2.8M	50x	as long as short