Funding you earn now, next payment 01:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.24 per $10,000 · paid last 24h +0.019%
Price spread now: Coinbase International against Hyperliquid−0.076%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.076%, 7d avg −0.026%
=Together, before fees+0.200%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.050% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.026%). If the spread goes back, that is −$5 on $10k: about 20 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.139% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AAVE | 144.40 | 0.0100 | pay 0.0013% / 1h | 51m 05s | $78.5M | $35.5M | 10x |
| Short | Coinbase International AAVE-PERP-INTX | 144.29 | 0.0296 | get 0.0037% / 1h | 51m 05s | $774K | $2.8M | 50x |
Hyperliquid AAVE
Coinbase International AAVE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.16
- Price spread: −0.076% → −0.026%
- −$4.98
- Slippage, 4 orders
- −$21.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$4.15
- Costs to cover
- 0.403%
- Break-even
- 7.7 days
Slippage from Hyperliquid: live order book, 13 min ago; Coinbase International: live order book, 3 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, 13 min ago | 0.34 bp | 4.8 bp −$5 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.51 bp | 14.1 bp −$14 | 19.3 bp −$193 | 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 | −0.0305% | 1h | 144.18 | −0.152% | $250K | $362K | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0056% | 1h | 144.21 | −0.132% | $11K | $2K | 5x | as long as short |
| ApeX Omni AAVEUSDT | −0.0050% | 1h | 143.99 | −0.284% | $134K | $230K | 50x | as long as short |
| Kraken Futures PF_AAVEUSD | −0.0034% | 1h | 144.35 | −0.034% | $3.5M | $2.0M | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.18 | −0.155% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.18 | −0.152% | $65K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.27 | −0.091% | $70K | — | 150x | as long as short |
| Phoenix AAVE | +0.0006% | 1h | 144.22 | −0.125% | $5K | $98K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.152% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0034% | 8h | 144.31 | −0.062% | $27.6M | $24.7M | 200x | as long as short |
Deribit AAVE_USDC-PERPETUAL
01 Exchange AAVEUSD
ApeX Omni AAVEUSDT
Kraken Futures PF_AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Phoenix AAVE
Injective AAVE/USDC PERP
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0036% | 8h | 144.38 | −0.014% | $65.2M | $185.4M | 75x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0043% | 8h | 144.23 | −0.118% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.16 | −0.164% | — | — | 20x | as long as short |
| SoDEX AAVE-USD | +0.0046% | 1h | 144.24 | −0.111% | $5K | $302K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0063% | 8h | 144.34 | −0.042% | $17.4M | $66.1M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 144.25 | −0.107% | $122K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0089% | 1h | 144.27 | −0.091% | $183K | $245K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.46 | +0.039% | $4.6M | $1.4M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.03 | −0.256% | $13K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 144.10 | −0.208% | $798K | $427K | 10x | as long as short |
| Hyperliquid AAVElong | +0.0100% | 1h | 144.40 | long leg | $78.5M | $35.5M | 10x | |
| Aster AAVEUSDT | +0.0100% | 8h | 144.25 | −0.101% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.09 | −0.217% | $329K | $435K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.35 | −0.035% | $61.7M | $65.3M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.24 | −0.111% | $45K | $236K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.56 | +0.111% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 144.31 | −0.062% | $7.8M | $15.0M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.29 | −0.076% | $10.8M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.26 | −0.097% | $29.8M | $18.1M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 144.29 | −0.076% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.36 | −0.028% | $327K | $747K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.23 | −0.116% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.86 | −0.372% | $104K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 143.95 | −0.313% | $455K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.24 | −0.111% | $125K | $417K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.22 | −0.126% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.59 | +0.133% | $702K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.30 | −0.069% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 144.19 | −0.149% | $922K | $1.7M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0144% | 8h | 144.16 | −0.166% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0366% | 1h | 144.27 | −0.087% | $129K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTXshort | +0.0296% | 1h | 144.29 | −0.076% | $774K | $2.8M | 50x |
Binance AAVEUSDT
Orderly PERP_AAVE_USDC
Reya AAVERUSDPERP
SoDEX AAVE-USD
OKX AAVE-USDT-SWAP
Aevo AAVE-PERP
RISEx AAVE/USDC
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]