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 +0.025%

Price spread now: Hyperliquid against edgeX+0.249%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.314%−$31 · spread now +0.249%, 7d avg +0.102%

Together, before fees−0.321%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$32 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 0.147% dearer against edgeX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	144.63	0.0100	pay 0.0050% / 4h	1h 38m	$103K	$314K	20x
Short	Hyperliquid AAVE	144.99	0.0100	get 0.0013% / 1h	38m 56s	$79.7M	$34.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.249%Rate

Funding earned: $0
Price spread: +0.249% → +0.102%: $14.67
Slippage, 4 orders: −$12.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$16.24
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from edgeX: live order book, 44 min ago; Hyperliquid: live order book, 5 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 edgeX live order book, 44 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.69 bp	8.5 bp −$9	14.2 bp −$142	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	−0.0184%	1h	144.93	+0.207%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0079%	1h	144.88	+0.173%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.79	+0.110%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.92	+0.200%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.93	+0.205%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.88	+0.173%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.00	+0.252%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.303%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	145.01	+0.262%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	145.00	+0.256%	$65.9M	$185.5M	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	144.92	+0.203%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.99	+0.251%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.02	+0.269%	$17.4M	$66.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.88	+0.173%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	+0.229%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	144.98	+0.242%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.038%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.92	+0.199%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.65	+0.014%	$462K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.04	+0.283%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.91	+0.191%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.91	+0.197%	$802K	$436K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	144.99	+0.249%	$79.7M	$34.1M	10x
Aster AAVEUSDT	+0.0100%	8h	144.96	+0.231%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.93	+0.210%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.02	+0.269%	$61.6M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.93	+0.207%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.99	+0.249%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.94	+0.214%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.04	+0.283%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.00	+0.256%	$381K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	+0.040%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.63	long leg	$103K	$314K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	144.72	+0.062%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.02	+0.269%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.92	+0.203%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.99	+0.249%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.79	+0.110%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.94	+0.217%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.86	+0.159%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.99	+0.251%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.10	+0.325%	$783K	$3.0M	50x	as long as short