Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h −0.013%

Price spread now: Kraken Futures against HTX−0.044%7-day average +0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.385%+$38 on $10k

Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.044%, 7d avg +0.145%

Together, before fees+0.673%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.189% cheaper against HTX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.145%). If the spread goes back, that is −$19 on $10k: about 4.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	140.68	0.0100	pay 0.0100% / 8h	7h 31m	$662K	$5.3M	75x
Short	Kraken Futures PF_AAVEUSD	140.61	0.0250	get 0.0031% / 1h	31m 36s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.044%Rate

Funding earned: $31.52
Price spread: −0.044% → +0.145%: −$18.93
Slippage, 4 orders: −$46.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.39
Costs to cover: 0.690%
Break-even: 19.5 days

Slippage from HTX: live order book, 2 min ago; Kraken Futures: 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 HTX live order book, 2 min ago	4.04 bp	12.5 bp −$13	54.2 bp −$542	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.91 bp	13.2 bp −$13	17.3 bp −$173	113.1 bp −$11.3K	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	140.56	−0.079%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.49	−0.132%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.56	−0.082%	$212K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.54	−0.099%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.641%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.59	−0.059%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.56	−0.082%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.74	+0.046%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.12	+0.316%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.57	−0.073%	$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	140.60	−0.050%	$822K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.71	+0.025%	$76.8M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.63	−0.033%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.61	−0.049%	$327K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.59	−0.064%	$63.1M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.57	−0.075%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.59	−0.060%	$16.5M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.77	+0.068%	$94K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.350%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.61	−0.046%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.59	−0.060%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.58	−0.068%	$10.2M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.61	−0.046%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.58	−0.068%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.05	+0.268%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.08	+0.291%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.345%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.32	+0.459%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.71	+0.025%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.56	−0.078%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.56	−0.082%	$5K	$299K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	140.68	long leg	$662K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	140.56	−0.082%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.58	−0.069%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.85	+0.122%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0160%	1h	140.80	+0.087%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0167%	1h	140.64	−0.025%	$386K	$736K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.53	−0.103%	$748K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.80	+0.089%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.76	+0.058%	$171K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0250%	1h	140.61	−0.044%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.56	−0.084%	$110K	—	100x	as long as short