Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: Aster against Hyperliquid−0.052%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.052%, 7d avg −0.081%

Together, before fees−0.082%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$8 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: Aster is 0.029% dearer against Hyperliquid than usual: you sell high and buy low, +$3 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	Hyperliquid AAVE	144.11	0.0100	pay 0.0013% / 1h	53m 06s	$78.3M	$35.4M	10x
Short	Aster AAVEUSDT	144.03	0.0100	get 0.0100% / 8h	6h 53m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.081%: $2.85
Slippage, 4 orders: −$23.6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.75
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Aster: 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 Hyperliquid live order book, 11 min ago	0.34 bp	4.8 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	5.19 bp	13.4 bp −$13	27.9 bp −$279	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	−0.3569%	1h	143.46	−0.451%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	143.97	−0.097%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.02	−0.062%	$3.4M	$2.0M	50x	as long as short
SoDEX AAVE-USD	−0.0007%	1h	143.95	−0.111%	$5K	$302K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.82	−0.202%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.70	−0.285%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.11	+0.003%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.78	−0.229%	$5K	$98K	10x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.01	−0.069%	$27.6M	$24.6M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.961%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0035%	8h	144.07	−0.028%	$65.0M	$185.3M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.98	−0.090%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.02	−0.064%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	144.17	+0.042%	$17.4M	$65.9M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.97	−0.097%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.99	−0.082%	$182K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.15	+0.024%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.79	−0.221%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.94	−0.114%	$797K	$427K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	144.11	long leg	$78.3M	$35.4M	10x
Aster AAVEUSDTshort	+0.0100%	8h	144.03	−0.052%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	143.85	−0.183%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.16	+0.035%	$61.7M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.96	−0.104%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.312%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.07	−0.028%	$7.8M	$14.9M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.00	−0.076%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.00	−0.076%	$29.8M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.03	−0.056%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.10	−0.007%	$327K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	−0.373%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	+0.197%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	−0.229%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.201%	$134K	$231K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.05	−0.042%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.87	−0.168%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.53	+0.294%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.01	−0.069%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.94	−0.121%	$918K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.03	−0.056%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.09	−0.013%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.18	+0.049%	$773K	$2.8M	50x	as long as short