Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.017%

Price spread now: HTX against Aevo−0.012%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.539%−$54 on $10k

Price spread, last 3 days (all we have)−0.206%−$21 · spread now −0.012%, 7d avg −0.141%

Together, before fees−0.745%−$75 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 0.128% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	144.29	0.0104	pay 0.0013% / 1h	52m 47s	$122K	$146	10x
Short	HTX AAVE-USDT	144.27	0.0100	get 0.0100% / 8h	5h 52m	$698K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.84
Price spread: −0.012% → −0.141%: $12.84
Slippage, 4 orders: −$83.45
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$99.46
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 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 Aevo live order book, 11 min ago	21.82 bp	37.6 bp −$38	194.2 bp −$1,942	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.04 bp	22.4 bp −$22	55.4 bp −$554	doesn't fit	doesn't fit

AAVE on 41 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	−0.0720%	1h	144.14	−0.104%	$245K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.396%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.07	−0.153%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	−0.206%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.27	−0.014%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	−0.038%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.081%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.02	−0.188%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.26	−0.021%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	−0.153%	$5K	$98K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0090%	8h	144.43	+0.097%	$17.3M	$63.6M	50x	as long as short
MEXC AAVE_USDT	+0.0093%	8h	144.36	+0.048%	$26.4M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0094%	8h	144.49	+0.138%	$65.1M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.64	+0.241%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.07	−0.153%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.205%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.52	+0.159%	$78.2M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.31	+0.014%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.174%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.43	+0.097%	$61.8M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	−0.132%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	−0.171%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.43	+0.097%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.34	+0.034%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.44	+0.103%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.44	+0.103%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.36	+0.048%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.215%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	−0.146%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.325%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.07	−0.153%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.01	−0.192%	$1K	$1.2M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.23	−0.042%	$5K	$291K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.27	−0.012%	$698K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.22	−0.049%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.27	−0.013%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	144.29	long leg	$122K	$146	10x
RISEx AAVE/USDC	+0.0195%	1h	144.12	−0.118%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0412%	1h	144.24	−0.038%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.35	+0.044%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.187%	$777K	$2.8M	50x	as long as short