Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Arcus+0.165%7-day average −0.127% · 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−$40as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.301%−$30 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.165%, 7d avg −0.127%

Together, before fees−0.550%−$55 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 0.292% dearer against Arcus than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	140.94	0.0100	pay 0.0013% / 1h	7m 43s	$94K	$205K	10x
Short	HTX AAVE-USDT	141.17	0.0100	get 0.0100% / 8h	5h 07m	$637K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → −0.127%: $29.22
Slippage, 4 orders: −$53.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.49
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Arcus: live order book, 39 min ago; HTX: live order book, 4 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 Arcus live order book, 39 min ago	2.48 bp	7.8 bp −$8	18.6 bp −$186	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.04 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit

AAVE on 42 exchanges

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	−0.0040%	1h	140.88	−0.043%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0008%	1h	140.81	−0.092%	$7K	$216K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.77	−0.117%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.83	−0.078%	$51K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.83	−0.078%	$207K	$304K	50x	as long as short
Bybit AAVEUSDT	+0.0002%	8h	140.77	−0.121%	$60.7M	$58.8M	75x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.85	−0.062%	$78K	—	150x	as long as short
Phoenix AAVE	+0.0028%	1h	140.86	−0.057%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.824%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.76	−0.129%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAVE	+0.0067%	8h	140.64	−0.213%	$3.6M	$758K	—	as long as short
Phemex AAVEUSDT	+0.0073%	8h	140.80	−0.099%	$3.9M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.79	−0.106%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	140.99	+0.032%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.77	−0.119%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.76	−0.129%	$809K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.01	+0.050%	$77.5M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.90	−0.026%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.84	−0.072%	$343K	$299K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.81	−0.092%	$63.5M	$158.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.77	−0.121%	$16.1M	$51.3M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	140.94	long leg	$94K	$205K	10x
Bulk AAVE-USD	+0.0100%	1h	140.86	−0.053%	$166K	$69K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.83	−0.078%	$8.1M	$13.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.84	−0.071%	$22.5M	$22.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.85	−0.064%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.76	−0.128%	$29.0M	$15.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.78	−0.114%	—	$6.5M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.62	−0.225%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.87	−0.049%	$448K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.73	−0.149%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.88	−0.043%	$132K	$366K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.82	−0.087%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	141.17	+0.165%	$637K	$1.4M	75x
Extended AAVE-USD	+0.0104%	1h	140.71	−0.160%	$912K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.83	−0.078%	$119K	—	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.87	−0.053%	$182K	$226K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0138%	1h	140.94	0.000%	$385K	$594K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.70	−0.170%	$3.2M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.36	+0.298%	$755K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.75	−0.138%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.94	+0.003%	$3.4M	$1.8M	50x	as long as short