Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0005%/8hpaid last 24h −0.026%

Price spread now: HTX against RISEx+0.094%7-day average −0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$480.485% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.261%−$26 on $10k

Price spread, last 3 days (all we have)−0.235%−$24 · spread now +0.094%, 7d avg −0.143%

Together, before fees−0.496%−$50 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 0.237% dearer against RISEx than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	144.65	0.0105	pay 0.0013% / 1h	22m 44s	$188K	$237K	10x
Short	HTX AAVE-USDT	144.79	0.0100	get 0.0100% / 8h	4h 22m	$714K	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$1.11
Price spread: +0.094% → −0.143%: $23.71
Slippage, 4 orders: −$30.47
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.87
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from RISEx: live order book, 9 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 RISEx live order book, 9 min ago	2.25 bp	5.3 bp −$5	9.3 bp −$93	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	9.63 bp	22.3 bp −$22	62.3 bp −$623	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	−0.2306%	1h	144.39	−0.180%	$210K	$379K	50x	as long as short
SoDEX AAVE-USD	−0.0130%	1h	144.64	−0.007%	$5K	$281K	10x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.67	+0.013%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.69	+0.026%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.68	+0.020%	$58K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	144.44	−0.146%	$4K	$92K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.76	+0.076%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.317%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.52	−0.087%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0045%	8h	144.46	−0.132%	$18.1M	$63.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0069%	8h	144.68	+0.020%	$18K	$12K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.82	+0.114%	$4.6M	$1.6M	10x	as long as short
Variational Omni AAVE	+0.0099%	8h	144.27	−0.260%	$3.8M	$1.3M	—	as long as short
MEXC AAVE_USDT	+0.0099%	8h	144.61	−0.028%	$33.1M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.52	−0.092%	$65.3M	$173.3M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.49	−0.113%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.49	−0.111%	$823K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.87	+0.152%	$81.3M	$29.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.75	+0.068%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.60	−0.032%	$337K	$474K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	−0.118%	$61.4M	$62.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.72	+0.048%	$61K	$382K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.97	−0.470%	$60K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.67	+0.013%	$7.8M	$14.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.58	−0.049%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.65	0.000%	$30.1M	$16.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.65	0.000%	—	$42.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.77	+0.083%	$331K	$592K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	−0.182%	$98K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.35	−0.206%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.50	−0.104%	$134K	$236K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.64	−0.007%	$130K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.71	+0.042%	$2K	$1.2M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.79	+0.094%	$714K	$4.7M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.65	0.000%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.59	−0.041%	$928K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.72	+0.051%	$122K	$146	10x	as long as short
RISEx AAVE/USDClong	+0.0105%	1h	144.65	long leg	$188K	$237K	10x
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	144.82	+0.117%	$747K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0210%	1h	144.86	+0.141%	$3.5M	$2.2M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.69	+0.027%	$3.5M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	144.73	+0.054%	$127K	—	100x	as long as short