Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.014%

Price spread now: HTX against RISEx+0.028%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.264%−$26 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.028%, 7d avg −0.123%

Together, before fees−0.395%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.151% dearer against RISEx than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.123%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 4 days (−0.264% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	143.99	0.0207	pay 0.0026% / 1h	10m 44s	$198K	$258K	10x
Short	HTX AAVE-USDT	144.03	0.0100	get 0.0100% / 8h	2h 10m	$684K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$22.51
Price spread: +0.028% → −0.123%: $15.09
Slippage, 4 orders: −$28.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.16
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from RISEx: live order book, 37 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 RISEx live order book, 37 min ago	1.40 bp	4.4 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	9.17 bp	19.9 bp −$20	53.7 bp −$537	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	143.87	−0.088%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.85	−0.100%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.88	−0.079%	$219K	$395K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.84	−0.107%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0025%	1h	143.91	−0.055%	$840K	$399K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.885%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.88	−0.076%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0072%	8h	143.85	−0.100%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0091%	8h	143.79	−0.142%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.92	−0.049%	$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
Aster AAVEUSDT	+0.0100%	8h	143.96	−0.027%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.86	−0.093%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.97	−0.017%	$64.8M	$191.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.85	−0.100%	$61.8M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.84	−0.107%	$17.3M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.04	+0.032%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.85	−0.101%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.82	−0.121%	$8.1M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.86	−0.093%	$25.1M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.86	−0.093%	$10.4M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.85	−0.100%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.83	−0.114%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.81	−0.128%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.81	−0.130%	$107K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.55	−0.310%	$453K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.87	−0.086%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.01	+0.011%	$142K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.92	−0.054%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.89	−0.072%	$5K	$314K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.03	+0.028%	$684K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	143.77	−0.153%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.89	−0.075%	$122K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.83	−0.114%	$4K	$106K	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.99	−0.003%	$11K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0133%	1h	144.08	+0.060%	$78.7M	$37.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0165%	1h	143.97	−0.017%	$341K	$727K	10x	as long as short
RISEx AAVE/USDClong	+0.0207%	1h	143.99	long leg	$198K	$258K	10x
BloFin AAVE-USDT	+0.0220%	8h	143.89	−0.072%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0235%	1h	143.95	−0.028%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	144.12	+0.089%	$4.6M	$2.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.83	−0.114%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.94	−0.037%	$769K	$2.9M	50x	as long as short