Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0290%/8h= +31.7% APRpaid last 24h −0.012%

Price spread now: HTX against ApeX Omni+0.510%7-day average −0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$660.665% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$54 on $10k

Price spread, last 3 days (all we have)−0.578%−$58 · spread now +0.510%, 7d avg −0.144%

Together, before fees−1.114%−$111 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and HTX is 0.655% dearer against ApeX Omni than usual: you sell high and buy low: +$65 more if the spread goes back to its 7-day average of −0.144%. Mind the row above: over the last 7 days funding on this pair cost −0.535%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	145.56	−0.0190	get 0.0024% / 1h	51m 24s	$135K	$229K	50x
Short	HTX AAVE-USDT	146.30	0.0100	get 0.0100% / 8h	7h 51m	$689K	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now +0.510%Rate

Funding earned: $60.82
Price spread: +0.510% → −0.144%: $65.47
Slippage, 4 orders: −$44.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $59.81
Costs to cover: 0.665%
Break-even: 0.1 days

Slippage from ApeX Omni: live order book, 20 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 ApeX Omni live order book, 20 min ago	5.14 bp	13.3 bp −$13	114.3 bp −$1,143	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	7.54 bp	24.6 bp −$25	60.1 bp −$601	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
ApeX Omni AAVEUSDTlong	−0.0190%	1h	145.56	long leg	$135K	$229K	50x
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.70	+0.098%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	145.47	−0.062%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0092%	1h	145.56	0.000%	$5K	$305K	10x	as long as short
Gate AAVE_USDT	−0.0072%	8h	145.53	−0.021%	$7.8M	$15.2M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.55	−0.004%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.59	+0.021%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.67	+0.076%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.85	+0.199%	$255K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.63	+0.049%	$70K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0023%	8h	145.54	−0.014%	$29.1M	$25.6M	200x	as long as short
Binance AAVEUSDT	+0.0024%	8h	145.56	0.000%	$66.0M	$187.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.908%	$422	$51K	12x	as long as short
GRVT AAVE_USDT_Perp	+0.0034%	8h	145.61	+0.036%	$456K	$3.9M	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.50	−0.043%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.55	−0.007%	$18K	$12K	10x	as long as short
Phemex AAVEUSDT	+0.0057%	8h	145.66	+0.069%	$4.1M	$3.8M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	145.56	0.000%	$17.8M	$67.1M	50x	as long as short
Bybit AAVEUSDT	+0.0070%	8h	145.56	0.000%	$62.2M	$66.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.64	+0.053%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.70	+0.098%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0099%	8h	145.63	+0.048%	$3.5M	$4.1M	100x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.49	−0.048%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.50	−0.038%	$796K	$449K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.62	+0.041%	$79.5M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.61	+0.035%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.52	−0.026%	$332K	$504K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.48	−0.055%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	−0.024%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.53	−0.021%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.56	0.000%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.54	−0.014%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.62	+0.041%	$348K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.51	−0.033%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.59	+0.022%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.60	+0.027%	$127K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.93	+0.251%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	146.30	+0.510%	$689K	$5.1M	75x
Extended AAVE-USD	+0.0104%	1h	145.41	−0.103%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.52	−0.027%	$184K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.63	+0.047%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	+0.357%	$784K	$3.1M	50x	as long as short