Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against HTX+0.028%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.307%+$31 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.028%, 7d avg +0.131%

Together, before fees+0.429%+$43 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: Arcus is 0.103% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	141.37	0.0100	pay 0.0100% / 8h	7h 53m	$665K	$5.3M	75x
Short	Arcus AAVE-USD	141.41	0.0100	get 0.0013% / 1h	53m 07s	$91K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.131%: −$10.34
Slippage, 4 orders: −$44.65
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$71.49
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Arcus: live order book, 45 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	9.01 bp	17.1 bp −$17	61.9 bp −$619	doesn't fit	doesn't fit
Sell Arcus live order book, 45 min ago	2.12 bp	8.0 bp −$8	24.0 bp −$240	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
Phemex AAVEUSDT	−0.0049%	8h	141.34	−0.022%	$3.9M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0033%	1h	141.32	−0.036%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.29	−0.058%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.28	−0.064%	$46K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.28	−0.064%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.120%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.28	−0.062%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.29	−0.057%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	141.65	+0.197%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.18	−0.132%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.26	−0.075%	$826K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.42	+0.036%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.34	−0.019%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.27	−0.071%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.27	−0.072%	$63.5M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.24	−0.093%	$60.8M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.25	−0.086%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	141.41	+0.028%	$91K	$221K	10x
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.137%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.33	−0.029%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.27	−0.071%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.32	−0.036%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.27	−0.071%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.28	−0.064%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	−0.099%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.11	−0.186%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.11	−0.187%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.16	−0.149%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.39	+0.013%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.27	−0.069%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.26	−0.079%	$5K	$298K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	141.37	long leg	$665K	$5.3M	75x
Extended AAVE-USD	+0.0104%	1h	141.22	−0.105%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.34	−0.022%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.33	−0.031%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0176%	1h	141.50	+0.088%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0201%	1h	141.42	+0.035%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.40	+0.021%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.35	−0.015%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.33	−0.030%	$182K	$295K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.38	+0.007%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.32	−0.035%	$110K	—	100x	as long as short