Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h +0.035%

Price spread now: HTX against SoDEX+0.086%7-day average −0.117% · 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−$31as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.163%−$16 on $10k

Price spread, last 3 days (all we have)−0.285%−$28 · spread now +0.086%, 7d avg −0.117%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.203% dearer against SoDEX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.117%. Mind the row above: over the last 3 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	143.04	0.0049	pay 0.0006% / 1h	39m 32s	$5K	$302K	10x
Short	HTX AAVE-USDT	143.16	0.0100	get 0.0100% / 8h	6h 39m	$695K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $10.62
Price spread: +0.086% → −0.117%: $20.28
Slippage, 4 orders: −$31.09
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.19
Costs to cover: 0.511%
Break-even: 20.3 days

Slippage from SoDEX: live order book, 29 min ago; HTX: live order book, 4 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 SoDEX live order book, 29 min ago	0.34 bp	5.3 bp −$5	10.8 bp −$108	99.6 bp −$9,961	doesn't fit
Sell HTX live order book, 4 min ago	5.45 bp	15.1 bp −$15	266.8 bp −$2,668	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
Deribit AAVE_USDC-PERPETUAL	−0.6041%	1h	142.16	−0.615%	$247K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.20	+0.112%	$10K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0035%	1h	143.22	+0.128%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.34	+0.213%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.88	−0.112%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.97	−0.050%	$69K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.08	+0.727%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.251%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	142.98	−0.042%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.39	+0.247%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0045%	8h	143.34	+0.210%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0046%	8h	143.25	+0.144%	$64.7M	$186.0M	75x	as long as short
SoDEX AAVE-USDlong	+0.0049%	1h	143.04	long leg	$5K	$302K	10x
OKX AAVE-USDT-SWAP	+0.0070%	8h	143.41	+0.259%	$17.3M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0070%	1h	144.53	+1.042%	$134K	$230K	50x	as long as short
Gate AAVE_USDT	+0.0081%	8h	143.19	+0.105%	$7.7M	$15.1M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.24	+0.140%	$183K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.48	+0.305%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.02	−0.010%	$121K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	+0.181%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.42	+0.266%	$798K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.52	+0.336%	$77.7M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.33	+0.203%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.30	+0.184%	$327K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.38	+0.238%	$61.5M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.20	+0.112%	$44K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.978%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.31	+0.189%	$10.7M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.48	+0.308%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.20	+0.112%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.19	+0.105%	$322K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.60	+0.393%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.45	+0.989%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.64	+0.420%	$453K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.41	+0.259%	$124K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.25	+0.145%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	143.16	+0.086%	$695K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	143.16	+0.084%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.17	+0.092%	$915K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+1.042%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	142.94	−0.072%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.24	+0.140%	$767K	$2.8M	50x	as long as short