Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.010%

Price spread now: RISEx against HTX−0.105%7-day average +0.130% · you buy dearer than you sell

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−$480.476% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.258%+$26 on $10k

Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.105%, 7d avg +0.130%

Together, before fees+0.504%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.235% cheaper against HTX than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of +0.130%). If the spread goes back, that is −$24 on $10k: about 8.3 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.258% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	144.27	0.0100	pay 0.0100% / 8h	5h 53m	$698K	$5.2M	75x
Short	RISEx AAVE/USDC	144.12	0.0195	get 0.0024% / 1h	53m 00s	$199K	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.105%Rate

Funding earned: $19.97
Price spread: −0.105% → +0.130%: −$23.53
Slippage, 4 orders: −$29.62
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$51.19
Costs to cover: 0.476%
Break-even: 24.9 days

Slippage from HTX: live order book, 1 min ago; RISEx: live order book, 10 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	0.04 bp	15.5 bp −$16	48.5 bp −$485	doesn't fit	doesn't fit
Sell RISEx live order book, 10 min ago	1.84 bp	4.8 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit

AAVE on 41 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	−0.0720%	1h	144.14	−0.092%	$245K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.383%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.07	−0.141%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	−0.194%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.27	−0.002%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	−0.026%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.069%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.02	−0.175%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.26	−0.009%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	−0.141%	$5K	$98K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0090%	8h	144.28	+0.005%	$17.3M	$63.6M	50x	as long as short
MEXC AAVE_USDT	+0.0093%	8h	144.25	−0.016%	$26.4M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0094%	8h	144.31	+0.026%	$65.0M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.42	+0.101%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.07	−0.141%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.193%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.43	+0.109%	$78.1M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.25	−0.019%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.161%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.29	+0.012%	$61.7M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	−0.120%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	−0.158%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.30	+0.019%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.29	+0.012%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.29	+0.012%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.26	−0.009%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.36	+0.060%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.227%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	−0.134%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.313%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.07	−0.141%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.01	−0.180%	$1K	$1.2M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.23	−0.030%	$5K	$291K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.27	long leg	$698K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.22	−0.037%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.27	−0.001%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.29	+0.012%	$122K	$146	10x	as long as short
RISEx AAVE/USDCshort	+0.0195%	1h	144.12	−0.105%	$199K	$228K	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0412%	1h	144.24	−0.026%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.35	+0.057%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.199%	$777K	$2.8M	50x	as long as short