Funding arb · Price arb /

AAVE

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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 −0.012%

Price spread now: HTX against KuCoin−0.234%51s7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.761% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.448%−$45 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.234%, 7d avg −0.122%

Together, before fees−0.297%−$30 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: HTX is 0.112% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.122%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	142.78	0.0100	pay 0.0100% / 8h	1h 26m	$10.3M	$9.5M	75x
Short	HTX AAVE-USDT	142.45	0.0100	get 0.0100% / 8h	1h 26m	$674K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → −0.122%: −$11.21
Slippage, 4 orders: −$52.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.36
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 3 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 KuCoin live order book, 2 min ago	0.70 bp	17.1 bp −$17	31.0 bp −$310	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	7.55 bp	25.9 bp −$26	44.9 bp −$449	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
dYdX AAVE-USD	0.0000%	1h	142.67	−0.074%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.28	−0.350%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.37	−0.287%	$217K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.81	+0.019%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.076%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.76	−0.016%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0052%	1h	142.75	−0.018%	$829K	$389K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.38	−0.280%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.30	−0.336%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.76	−0.011%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.66	−0.086%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.84	+0.039%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.64	−0.095%	$326K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.81	+0.019%	$64.2M	$189.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.75	−0.021%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.76	−0.014%	$17.0M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.84	+0.042%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.494%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.66	−0.084%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.83	+0.035%	$24.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	142.78	long leg	$10.3M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	142.75	−0.021%	$29.2M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.80	+0.014%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.15	−0.441%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.15	−0.438%	$107K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	−0.377%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.420%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.83	+0.035%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.37	−0.288%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.36	−0.294%	$5K	$285K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	142.45	−0.234%	$674K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	142.36	−0.294%	$4.0M	$3.6M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.54	−0.168%	$375K	$718K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.67	−0.080%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.42	−0.254%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.83	+0.035%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0188%	1h	142.95	+0.119%	$78.2M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.41	−0.259%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.38	−0.281%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.85	+0.047%	$193K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.23	−0.385%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.45	−0.233%	$3.4M	$2.1M	50x	as long as short