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% APRpaid last 24h −0.019%

Price spread now: HTX against Polymarket Perps+0.195%46s7-day average −0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as 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−$540.540% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.537%−$54 on $10k

Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.195%, 7d avg −0.152%

Together, before fees−0.891%−$89 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 0.347% dearer against Polymarket Perps than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.152%. The two prices were read 46 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	Polymarket Perps AAVE-USD	141.23	0.0100	pay 0.0013% / 1h	35m 32s	$140K	$471K	10x
Short	HTX AAVE-USDT	141.51	0.0100	get 0.0100% / 8h	35m 32s	$669K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → −0.152%: $34.69
Slippage, 4 orders: −$34.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.32
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	2.12 bp	6.1 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	3.98 bp	28.5 bp −$28	64.2 bp −$642	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	141.16	−0.049%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.17	−0.042%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.22	−0.007%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.24	+0.004%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.023%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.11	−0.083%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.19	−0.028%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.43	+0.139%	$4.5M	$2.5M	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.20	−0.021%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.21	−0.017%	$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	141.19	−0.025%	$824K	$396K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.30	+0.050%	$77.3M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.22	−0.007%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.26	+0.022%	$322K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.16	−0.047%	$63.2M	$189.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.10	−0.092%	$60.7M	$68.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.12	−0.078%	$16.9M	$63.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.26	+0.021%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.52	+0.205%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.16	−0.050%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.21	−0.014%	$23.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.23	0.000%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.13	−0.071%	$28.8M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.15	−0.057%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	−0.051%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.29	+0.045%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.53	+0.214%	$444K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.25	+0.014%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	141.23	long leg	$140K	$471K	10x
SunX AAVE-USDT	+0.0100%	8h	141.22	−0.007%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.21	−0.014%	$5K	$287K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	141.51	+0.195%	$669K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	141.25	+0.014%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.11	−0.085%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.26	+0.018%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.33	+0.071%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.32	+0.064%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.22	−0.008%	$184K	$280K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.23	−0.003%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.35	+0.085%	$749K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.29	+0.041%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0302%	1h	141.35	+0.085%	$385K	$729K	10x	as long as short