Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against BingX+0.362%7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.508%−$51 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.362%, 7d avg −0.106%

Together, before fees−0.785%−$79 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 0.468% dearer against BingX than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	141.58	0.0100	pay 0.0100% / 8h	5h 53m	—	$43.0M	—
Short	HTX AAVE-USDT	142.09	0.0100	get 0.0100% / 8h	5h 53m	$659K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now +0.362%Rate

Funding earned: $0
Price spread: +0.362% → −0.106%: $46.8
Slippage, 4 orders: −$46.23
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.42
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from BingX: live order book, 3 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 BingX live order book, 3 min ago	0.70 bp	7.1 bp −$7	9.6 bp −$96	20.2 bp −$2,019	44.0 bp −$22.0K
Sell HTX live order book, 3 min ago	7.10 bp	33.2 bp −$33	72.9 bp −$729	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
Deribit AAVE_USDC-PERPETUAL	−0.0174%	1h	141.59	+0.007%	$208K	$323K	50x	as long as short
SoDEX AAVE-USD	−0.0169%	1h	141.55	−0.021%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.61	+0.020%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.62	+0.028%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.61	+0.021%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.60	+0.015%	$79K	—	150x	as long as short
Bybit AAVEUSDT	+0.0017%	8h	141.48	−0.071%	$61.2M	$59.6M	75x	as long as short
Phemex AAVEUSDT	+0.0023%	8h	141.50	−0.057%	$3.9M	$3.6M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.263%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	141.82	+0.170%	$132K	$221K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	141.56	−0.017%	—	—	20x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	+0.254%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.54	−0.028%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.70	+0.086%	$4.6M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	+0.063%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.47	−0.076%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.59	+0.004%	$814K	$309K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.72	+0.099%	$77.8M	$27.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.60	+0.014%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.57	−0.007%	$345K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.51	−0.049%	$63.7M	$162.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.51	−0.049%	$16.3M	$52.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.73	+0.106%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.61	+0.021%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.50	−0.057%	$21.9M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.54	−0.028%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.55	−0.021%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	141.58	long leg	—	$43.0M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.69	+0.078%	$388K	$601K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.78	+0.141%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.84	+0.184%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.64	+0.042%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.59	+0.009%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	142.09	+0.362%	$659K	$1.4M	75x
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.141%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.57	−0.010%	$913K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.57	−0.004%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.66	+0.054%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.69	+0.078%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.205%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.59	+0.010%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.66	+0.057%	$3.5M	$1.9M	50x	as long as short