Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.039%

Price spread now: Bulk against HTX−0.071%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 0.071% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	144.79	0.0100	pay 0.0100% / 8h	1h 33m	$694K	$5.0M	75x
Short	Bulk AAVE-USD	144.69	0.0080	get 0.0010% / 1h	33m 47s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$4.14
Price spread: −0.071% → 0.000%: −$7.07
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$30.21
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; Bulk: no order-book sample. Net counts fees only.

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, 5 min ago	8.99 bp	19.5 bp −$19	44.4 bp −$444	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD	−0.0168%	1h	144.46	−0.227%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.67	−0.081%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	144.68	−0.075%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.105%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.74	−0.037%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.56	−0.157%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.68	−0.073%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.74	−0.033%	$30.9M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.71	−0.057%	$65.8M	$185.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.407%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.47	−0.221%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.61	−0.126%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.72	−0.047%	$17.6M	$66.8M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.64	−0.102%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.72	−0.047%	$7.8M	$15.8M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.79	+0.004%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USDshort	+0.0080%	1h	144.69	−0.071%	$61K	$3K	10x
Aevo AAVE-PERP	+0.0088%	1h	144.71	−0.051%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.82	+0.023%	$463K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.88	+0.066%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.74	−0.031%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.53	−0.176%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.87	+0.057%	$79.6M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.73	−0.042%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.72	−0.050%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.71	−0.054%	$61.5M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	−0.151%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.73	−0.040%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.74	−0.033%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.72	−0.047%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.81	+0.015%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	−0.124%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.86	+0.053%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.96	+0.119%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.57	−0.151%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.46	−0.224%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.79	long leg	$694K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.58	−0.144%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.72	−0.048%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0134%	8h	144.68	−0.075%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.65	−0.099%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.80	+0.008%	$783K	$3.0M	50x	as long as short