Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.033%

Price spread now: ApeX Omni against HTX−0.178%7-day average +0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.544%+$54 on $10k

Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.178%, 7d avg +0.153%

Together, before fees+0.738%+$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.331% cheaper against HTX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.153%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.544%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	144.28	0.0100	pay 0.0100% / 8h	2h 08m	$717K	$4.9M	75x
Short	ApeX Omni AAVEUSDT	144.02	0.0058	get 0.0007% / 1h	8m 29s	$134K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.178%Rate

Funding earned: −$8.74
Price spread: −0.178% → +0.153%: −$33.06
Slippage, 4 orders: −$40.64
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$104.44
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; ApeX Omni: live order book, 13 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, 1 min ago	4.71 bp	11.0 bp −$11	51.1 bp −$511	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 13 min ago	6.59 bp	14.8 bp −$15	109.6 bp −$1,096	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
Deribit AAVE_USDC-PERPETUAL	−0.0305%	1h	144.08	−0.137%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0137%	1h	144.05	−0.157%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	144.07	−0.143%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	−0.123%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.12	−0.107%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.21	−0.046%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.00	−0.189%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.20	−0.056%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.071%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.01	−0.185%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0048%	8h	143.96	−0.220%	$65.5M	$184.8M	75x	as long as short
MEXC AAVE_USDT	+0.0049%	8h	144.02	−0.178%	$31.2M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.93	−0.241%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	143.89	−0.268%	$17.4M	$65.9M	50x	as long as short
ApeX Omni AAVEUSDTshort	+0.0058%	1h	144.02	−0.178%	$134K	$230K	50x
Gate AAVE_USDT	+0.0061%	8h	144.00	−0.192%	$7.8M	$15.9M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	−0.209%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.02	−0.178%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.25	−0.018%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.10	−0.126%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.08	−0.139%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.01	−0.183%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.02	−0.178%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.16	−0.081%	$80.1M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	−0.150%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.06	−0.151%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.98	−0.206%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.04	−0.164%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.06	−0.150%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.06	−0.150%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.98	−0.206%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.16	−0.081%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	−0.184%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.99	−0.197%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.11	−0.116%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.05	−0.160%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.28	long leg	$717K	$4.9M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.10	−0.123%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.00	−0.189%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.04	−0.164%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.161%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.04	−0.167%	$124K	—	100x	as long as short