Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.015%

Price spread now: HTX against 01 Exchange+0.156%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.156% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 43 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	141.93	0.0112	pay 0.0014% / 1h	59m 51s	$10K	$2K	5x
Short	HTX AAVE-USDT	142.15	0.0100	get 0.0100% / 8h	59m 51s	$673K	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$2.52
Price spread: +0.156% → 0.000%: $15.64
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.88
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 4 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	0.14 bp	23.5 bp −$23	67.5 bp −$675	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0102%	1h	141.93	0.000%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.76	−0.120%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	−0.113%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.96	+0.023%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.502%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.92	−0.009%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0071%	1h	141.89	−0.028%	$826K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	141.94	+0.007%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.127%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.98	+0.034%	$4.5M	$2.4M	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	141.80	−0.093%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.95	+0.014%	$77.6M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.87	−0.045%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.79	−0.097%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.82	−0.078%	$63.7M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.81	−0.085%	$61.3M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.83	−0.070%	$16.9M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.95	+0.014%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	−0.116%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.85	−0.056%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.83	−0.070%	$24.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.84	−0.063%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.82	−0.078%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.82	−0.078%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	−0.063%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.99	+0.044%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.03	+0.070%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.08	+0.106%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.01	+0.056%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.95	+0.017%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.96	+0.021%	$5K	$285K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	142.15	+0.156%	$673K	$5.3M	75x
Phemex AAVEUSDT	+0.0100%	8h	141.93	0.000%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.79	−0.102%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.97	+0.029%	$120K	$146	10x	as long as short
01 Exchange AAVEUSDlong	+0.0112%	1h	141.93	long leg	$10K	$2K	5x
Backpack AAVE_USDC_PERP	+0.0168%	1h	142.05	+0.085%	$390K	$728K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.95	+0.014%	$3.3M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.97	+0.027%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	141.93	+0.002%	$188K	$273K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.254%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.02	+0.066%	$3.4M	$2.1M	50x	as long as short