Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Hyperliquid against BingX+0.096%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.096%, 7d avg +0.067%

Together, before fees−0.025%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.029% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDC	145.51	0.0100	pay 0.0100% / 8h	1h 03m	—	$6.5M	—
Short	Hyperliquid AAVE	145.65	0.0100	get 0.0013% / 1h	3m 11s	$80.0M	$33.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.067%: $2.89
Slippage, 4 orders: −$23.51
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$39.63
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Hyperliquid: live order book, 10 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 BingX live order book, 12 min ago	0.69 bp	14.8 bp −$15	31.8 bp −$318	220.9 bp −$22.1K	589.0 bp −$294.5K
Sell Hyperliquid live order book, 10 min ago	0.34 bp	6.5 bp −$6	12.1 bp −$121	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	−0.0120%	1h	145.54	+0.021%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.62	+0.076%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.55	+0.027%	$254K	$436K	50x	as long as short
SoDEX AAVE-USD	−0.0015%	1h	145.55	+0.027%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.70	+0.134%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.60	+0.062%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.59	+0.057%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.876%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	145.54	+0.021%	$30.6M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.55	+0.027%	$66.4M	$185.0M	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	145.53	+0.011%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.65	+0.098%	$184K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.54	+0.021%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.66	+0.106%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0061%	8h	145.50	−0.007%	$17.7M	$67.1M	50x	as long as short
Gate AAVE_USDT	+0.0069%	8h	145.52	+0.007%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.60	+0.065%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.76	+0.172%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.66	+0.105%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.59	+0.052%	$806K	$437K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	145.65	+0.096%	$80.0M	$33.8M	10x
Aster AAVEUSDT	+0.0100%	8h	145.59	+0.055%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.66	+0.103%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.54	+0.021%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.65	+0.096%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	−0.264%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.54	+0.021%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.57	+0.041%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	145.51	long leg	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.65	+0.096%	$350K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.35	−0.113%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	−0.027%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.53	+0.014%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.24	−0.186%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.66	+0.103%	$128K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.54	+0.022%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.75	+0.162%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.52	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.52	+0.005%	$935K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.65	+0.096%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.59	+0.058%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.76	+0.172%	$791K	$3.0M	50x	as long as short