Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: HTX against Bitget+0.277%7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.487%−$49 on $10k

Price spread, last 4 days (all we have)−0.341%−$34 · spread now +0.277%, 7d avg −0.101%

Together, before fees−0.829%−$83 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 0.378% dearer against Bitget than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	142.10	0.0100	pay 0.0100% / 8h	1h 05m	$29.0M	$17.8M	75x
Short	HTX AAVE-USDT	142.49	0.0100	get 0.0100% / 8h	1h 05m	$674K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.277%Rate

Funding earned: $0
Price spread: +0.277% → −0.101%: $37.83
Slippage, 4 orders: −$37.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.84
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 3 min ago	0.35 bp	11.1 bp −$11	16.8 bp −$168	56.9 bp −$5,689	doesn't fit
Sell HTX live order book, 3 min ago	2.42 bp	31.8 bp −$32	63.4 bp −$634	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
dYdX AAVE-USD	0.0000%	1h	142.31	+0.146%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.38	+0.197%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.31	+0.148%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.33	+0.163%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.617%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.29	+0.132%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0071%	1h	142.07	−0.021%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.30	+0.141%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+0.267%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.34	+0.166%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.14	+0.027%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.19	+0.064%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.20	+0.068%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.09	−0.007%	$63.9M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.08	−0.014%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.09	−0.007%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.20	+0.070%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.176%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.18	+0.056%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.16	+0.042%	$24.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.23	+0.091%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	142.10	long leg	$29.0M	$17.8M	75x
BingX AAVE-USDC	+0.0100%	8h	142.26	+0.113%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	+0.113%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	+0.026%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	+0.070%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	+0.021%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	+0.225%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.38	+0.200%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.27	+0.120%	$5K	$285K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	142.49	+0.277%	$674K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.29	+0.134%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.08	−0.014%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.28	+0.130%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.14	+0.028%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0164%	1h	142.33	+0.162%	$77.8M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0168%	1h	142.42	+0.225%	$391K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.232%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.48	+0.264%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.16	+0.045%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.134%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.36	+0.186%	$3.4M	$2.1M	50x	as long as short