Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: Hyperliquid against Aster+0.021%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.021%, 7d avg +0.081%

Together, before fees+0.131%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$13 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 0.060% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	144.94	0.0100	pay 0.0100% / 8h	1h 24m	$1.3M	$1.2M	50x
Short	Hyperliquid AAVE	144.97	0.0100	get 0.0013% / 1h	24m 57s	$79.7M	$34.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.081%: −$6.01
Slippage, 4 orders: −$18.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.25
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Hyperliquid: live order book, 9 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 Aster live order book, 3 min ago	3.11 bp	8.9 bp −$9	35.4 bp −$354	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.38 bp	6.8 bp −$7	10.6 bp −$106	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
01 Exchange AAVEUSD	−0.0152%	1h	144.72	−0.151%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0047%	1h	144.85	−0.062%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.37	−0.393%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.61	−0.227%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.69	−0.172%	$67K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.87	−0.048%	$254K	$480K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.90	−0.028%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.91	−0.020%	$30.8M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.505%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.88	−0.039%	$65.9M	$185.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.82	−0.085%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.75	−0.134%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.83	−0.075%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.90	−0.027%	$17.5M	$66.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	+0.017%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0058%	8h	144.83	−0.075%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.88	−0.040%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	−0.162%	$455K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.04	+0.073%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.57	−0.254%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.81	−0.086%	$801K	$436K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	144.97	+0.021%	$79.7M	$34.2M	10x
Aster AAVEUSDTlong	+0.0100%	8h	144.94	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.62	−0.221%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.90	−0.027%	$61.5M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	−0.165%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.464%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.92	−0.013%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.90	−0.027%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.90	−0.027%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.99	+0.035%	$381K	$712K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	−0.188%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.59	−0.241%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	−0.117%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.80	−0.096%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.68	−0.177%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.78	−0.108%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.81	−0.089%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.87	−0.046%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0134%	8h	144.88	−0.041%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.87	−0.045%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.97	+0.021%	$787K	$3.0M	50x	as long as short