Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.017%

Price spread now: Aevo against HTX−0.063%7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1531.531% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.540%+$54 on $10k

Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.063%, 7d avg +0.133%

Together, before fees+0.810%+$81 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: Aevo is 0.196% cheaper against HTX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	142.46	0.0100	pay 0.0100% / 8h	3h 01m	$681K	$5.2M	75x
Short	Aevo AAVE-PERP	142.37	0.0104	get 0.0013% / 1h	1m 42s	$120K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.063%Rate

Funding earned: $0.84
Price spread: −0.063% → +0.133%: −$19.57
Slippage, 4 orders: −$125.06
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$171.79
Costs to cover: 1.531%
Break-even: 1438.6 days

Slippage from HTX: live order book, 2 min ago; Aevo: live order book, 52 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 HTX live order book, 2 min ago	7.59 bp	15.9 bp −$16	63.1 bp −$631	doesn't fit	doesn't fit
Sell Aevo live order book, 52 min ago	22.56 bp	44.7 bp −$45	doesn't fit	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	142.36	−0.069%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.53	+0.049%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.33	−0.091%	$217K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.36	−0.067%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.861%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.90	+0.309%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.34	−0.083%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0045%	1h	142.25	−0.147%	$826K	$400K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	142.33	−0.091%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0075%	8h	142.34	−0.084%	$4.0M	$3.6M	50x	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	142.42	−0.027%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.52	+0.045%	$77.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.46	−0.003%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.46	+0.003%	$326K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.46	0.000%	$63.7M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.47	+0.007%	$61.2M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.48	+0.014%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.39	−0.049%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	+0.105%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.39	−0.049%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.43	−0.021%	$25.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.49	+0.021%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.36	−0.070%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.39	−0.049%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.41	−0.035%	$335K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.93	+0.330%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.83	+0.257%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.78	+0.226%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.91	+0.316%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	−0.028%	$131K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.31	−0.105%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.33	−0.091%	$5K	$311K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	142.46	long leg	$681K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	142.30	−0.114%	$906K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.36	−0.070%	$10K	$2K	5x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	142.37	−0.063%	$120K	$146	10x
RISEx AAVE/USDC	+0.0132%	1h	142.34	−0.087%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.58	+0.084%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	142.40	−0.044%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.34	−0.082%	$111K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.67	+0.145%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.48	+0.014%	$783K	$2.8M	50x	as long as short