Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: Hyperliquid against Arcus+0.254%7-day average +0.087% · 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−$13as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Arcus Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.254%, 7d avg +0.087%

Together, before fees−0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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: Hyperliquid is 0.167% dearer against Arcus than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	145.69	0.0100	pay 0.0013% / 1h	37m 08s	$51K	$273K	10x
Short	Hyperliquid AAVE	146.06	0.0100	get 0.0013% / 1h	37m 08s	$80.6M	$34.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Arcus. 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 ArcusbpFee HyperliquidbpOrdersPrice spread, now +0.254%Rate

Funding earned: $0
Price spread: +0.254% → +0.087%: $16.71
Slippage, 4 orders: −$15.79
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$12.59
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Arcus: live order book, 41 min ago; Hyperliquid: live order book, 7 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 Arcus live order book, 41 min ago	2.41 bp	9.2 bp −$9	24.4 bp −$244	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.68 bp	6.3 bp −$6	11.2 bp −$112	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	−0.0093%	1h	145.84	+0.103%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0068%	1h	145.86	+0.117%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.90	+0.144%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.74	+0.033%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	145.69	0.000%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.73	+0.027%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.97	+0.190%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.85	+0.113%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.992%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0040%	8h	145.95	+0.178%	$66.5M	$185.9M	75x	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	+0.0041%	8h	145.84	+0.103%	$30.6M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.76	+0.050%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.79	+0.069%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	145.95	+0.178%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	145.87	+0.124%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.86	+0.118%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.05	+0.249%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.56	−0.087%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.74	+0.034%	$802K	$442K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	146.06	+0.254%	$80.6M	$34.6M	10x
Aster AAVEUSDT	+0.0100%	8h	145.89	+0.134%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.71	+0.015%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.95	+0.178%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	145.69	long leg	$51K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	145.88	+0.130%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.86	+0.117%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.83	+0.096%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.87	+0.124%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.98	+0.199%	$358K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.91	+0.149%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.69	−0.003%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.97	+0.191%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.61	−0.055%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.86	+0.117%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.66	−0.019%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.95	+0.178%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.87	+0.124%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.80	+0.072%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.74	+0.031%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	145.83	+0.096%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.86	+0.120%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.371%	$789K	$3.0M	50x	as long as short