Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Arcus against Hyperliquid−0.084%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Hyperliquid Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.084%, 7d avg −0.086%

Together, before fees−0.212%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	142.56	0.0100	pay 0.0013% / 1h	32m 07s	$76.8M	$35.4M	10x
Short	Arcus AAVE-USD	142.44	0.0100	get 0.0013% / 1h	32m 07s	$63K	$204K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Hyperliquid. 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 HyperliquidbpFee ArcusbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.086%: $0.21
Slippage, 4 orders: −$19.76
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$33.05
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Arcus: live order book, 26 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 Hyperliquid live order book, 12 min ago	2.46 bp	7.0 bp −$7	10.7 bp −$107	doesn't fit	doesn't fit
Sell Arcus live order book, 26 min ago	2.81 bp	6.5 bp −$7	16.7 bp −$167	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	−0.0160%	1h	142.32	−0.168%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.41	−0.104%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.37	−0.133%	$43K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.45	−0.077%	$221K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.47	−0.060%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0016%	1h	142.38	−0.130%	$839K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.928%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.40	−0.111%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	142.43	−0.091%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0055%	1h	142.44	−0.084%	$5K	$299K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	141.63	−0.652%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.53	−0.018%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.39	−0.116%	$13K	$4K	20x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	142.56	long leg	$76.8M	$35.4M	10x
Aster AAVEUSDT	+0.0100%	8h	142.53	−0.021%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.42	−0.101%	$326K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.45	−0.077%	$63.7M	$186.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.46	−0.070%	$60.9M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.46	−0.070%	$17.1M	$63.9M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	142.44	−0.084%	$63K	$204K	10x
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.747%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.49	−0.049%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.45	−0.077%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.47	−0.063%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.35	−0.147%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.43	−0.091%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.56	0.000%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.38	−0.828%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.50	−0.741%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.687%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.57	−0.694%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.49	−0.049%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.37	−0.135%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.56	−0.002%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.41	−0.105%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.39	−0.117%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.49	−0.052%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.39	−0.122%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.22	−0.238%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.47	−0.063%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.55	−0.010%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.59	+0.021%	$790K	$2.8M	50x	as long as short