Funding arb · Price arb /

AAVE

all AAVE markets

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 −0.003%

Price spread now: HTX against Gate+0.341%50s7-day average −0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.692% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.448%−$45 on $10k

Price spread, last 3 days (all we have)−0.435%−$44 · spread now +0.341%, 7d avg −0.127%

Together, before fees−0.883%−$88 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 Gate than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.127%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	143.81	0.0100	pay 0.0100% / 8h	5h 57m	$7.8M	$15.0M	75x
Short	HTX AAVE-USDT	144.30	0.0100	get 0.0100% / 8h	5h 57m	$698K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.341%Rate

Funding earned: $0
Price spread: +0.341% → −0.127%: $46.84
Slippage, 4 orders: −$42.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.39
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; HTX: live order book, 2 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 Gate live order book, 1 min ago	2.08 bp	14.3 bp −$14	28.4 bp −$284	43.2 bp −$4,317	48.3 bp −$24.2K
Sell HTX live order book, 2 min ago	6.19 bp	16.2 bp −$16	61.5 bp −$615	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	−0.1835%	1h	143.58	−0.160%	$244K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	143.83	+0.014%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.83	+0.012%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.29	+0.334%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.89	+0.054%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.542%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.763%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.77	−0.030%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.83	+0.014%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0061%	1h	144.15	+0.236%	$5K	$291K	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	+0.0088%	8h	143.83	+0.014%	$17.2M	$63.5M	50x	as long as short
MEXC AAVE_USDT	+0.0091%	8h	143.81	0.000%	$26.4M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0092%	8h	143.84	+0.021%	$64.9M	$181.7M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.04	+0.161%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.84	+0.018%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.81	+0.003%	$800K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.91	+0.070%	$77.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.89	+0.055%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.87	+0.044%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.84	+0.021%	$61.5M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.87	+0.042%	$44K	$181K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	143.81	long leg	$7.8M	$15.0M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	143.84	+0.021%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.82	+0.007%	$29.9M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.85	+0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.16	+0.243%	$322K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+0.389%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	+0.385%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.451%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.45	+0.445%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.81	0.000%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.83	+0.016%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.30	+0.341%	$698K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.13	+0.223%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.178%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.76	−0.037%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.85	+0.030%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.90	+0.059%	$199K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0257% / S −0.0406%	1h	143.88	+0.048%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.24	+0.298%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.36	+0.382%	$776K	$2.8M	50x	as long as short