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% APRpaid last 24h −0.047%

Price spread now: Binance against Hyperliquid−0.063%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.063%, 7d avg −0.053%

Together, before fees−0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	142.49	0.0100	pay 0.0013% / 1h	57m 25s	$77.0M	$35.1M	10x
Short	Binance AAVEUSDT	142.40	0.0100	get 0.0100% / 8h	4h 57m	$63.9M	$184.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.053%: −$0.98
Slippage, 4 orders: −$10.95
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.93
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Binance: live order book, 1 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, 6 min ago	0.70 bp	7.6 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.35 bp	7.8 bp −$8	8.1 bp −$81	23.9 bp −$2,391	97.9 bp −$49.0K

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
SoDEX AAVE-USD	−0.0132%	1h	142.47	−0.014%	$5K	$303K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	142.12	−0.260%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.21	−0.199%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	+0.105%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.51	+0.014%	$226K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.48	−0.006%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.881%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.31	−0.125%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.44	−0.035%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+0.309%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	142.26	−0.159%	$4.5M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.12	−0.263%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.22	−0.186%	$833K	$441K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	142.49	long leg	$77.0M	$35.1M	10x
Aster AAVEUSDT	+0.0100%	8h	142.15	−0.239%	$1.3M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.15	−0.239%	$323K	$434K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	142.40	−0.063%	$63.9M	$184.3M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.45	−0.028%	$61.1M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.46	−0.021%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.16	−0.232%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.99	+0.353%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.37	−0.084%	$7.8M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.36	−0.091%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.34	−0.105%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.25	−0.168%	$29.9M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.34	−0.105%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.45	−0.028%	$346K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.68	+0.130%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.63	+0.095%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.64	+0.105%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.67	+0.126%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.37	−0.084%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.56	+0.052%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.88	+0.271%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.44	−0.035%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.04	−0.318%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.47	−0.011%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.18	−0.215%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.86	+0.260%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.45	−0.030%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.61	+0.086%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.13	+0.449%	$773K	$2.8M	50x	as long as short