Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: SunX against HTX−0.107%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1701.704% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.107%, 7d avg +0.123%

Together, before fees+0.850%+$85 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: SunX is 0.230% cheaper against HTX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	144.58	0.0100	pay 0.0100% / 8h	6h 01m	$700K	$5.2M	75x
Short	SunX AAVE-USDT	144.42	0.0100	get 0.0100% / 8h	6h 01m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → +0.123%: −$22.99
Slippage, 4 orders: −$150.44
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$193.43
Costs to cover: 1.704%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; SunX: 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, 3 min ago	3.38 bp	13.8 bp −$14	42.1 bp −$421	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	44.89 bp	66.4 bp −$66	doesn't fit	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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.54	−0.028%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.38	−0.137%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	−0.077%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.28	−0.206%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.43	−0.102%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	−0.109%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	−0.075%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.269%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.34	−0.164%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	−0.089%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0087%	8h	144.40	−0.123%	$26.6M	$25.0M	200x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.34	−0.165%	$17.3M	$64.0M	50x	as long as short
Binance AAVEUSDT	+0.0089%	8h	144.41	−0.116%	$65.1M	$182.0M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.42	−0.111%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.56	−0.016%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.36	−0.150%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.34	−0.161%	$803K	$415K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.49	−0.061%	$78.2M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.39	−0.127%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	−0.130%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.40	−0.123%	$61.8M	$64.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.40	−0.123%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.43	−0.102%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.42	−0.109%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.46	−0.082%	$30.1M	$17.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.42	−0.109%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	−0.026%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.02	−0.386%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.136%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	−0.073%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	−0.123%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.38	−0.137%	$126K	$421K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	144.42	−0.107%	$2K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	144.43	−0.102%	$5K	$297K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	144.58	long leg	$700K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.51	−0.047%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.355%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.29	−0.199%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.45	−0.089%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0399%	1h	144.53	−0.036%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	−0.033%	$776K	$2.8M	50x	as long as short