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 −0.041%

Price spread now: Gate against Hyperliquid−0.076%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.076%, 7d avg −0.064%

Together, before fees−0.033%+ 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	144.27	0.0100	pay 0.0013% / 1h	52m 38s	$78.4M	$35.5M	10x
Short	Gate AAVE_USDT	144.16	0.0100	get 0.0100% / 8h	6h 52m	$7.8M	$14.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.064%: −$1.18
Slippage, 4 orders: −$23.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.37
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Gate: 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, 11 min ago	0.34 bp	4.8 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.12 bp	17.9 bp −$18	32.1 bp −$321	40.9 bp −$4,089	45.7 bp −$22.8K

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	−0.561%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	143.97	−0.208%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.02	−0.173%	$3.4M	$2.0M	50x	as long as short
SoDEX AAVE-USD	−0.0007%	1h	143.95	−0.222%	$5K	$302K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.21	−0.039%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.70	−0.395%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.11	−0.108%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.78	−0.340%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.067%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.24	−0.021%	$27.6M	$24.6M	200x	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	144.20	−0.049%	$65.1M	$185.3M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.98	−0.201%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.02	−0.175%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	144.29	+0.014%	$17.4M	$66.0M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.97	−0.208%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.41	+0.099%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.37	+0.068%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.24	−0.022%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.94	−0.225%	$797K	$427K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	144.27	long leg	$78.4M	$35.5M	10x
Aster AAVEUSDT	+0.0100%	8h	144.10	−0.118%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.19	−0.054%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.27	0.000%	$61.7M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.37	+0.069%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.201%	$58K	$2K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	144.16	−0.076%	$7.8M	$14.9M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	144.21	−0.042%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.28	+0.007%	$29.8M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.35	+0.055%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.10	−0.118%	$327K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	−0.483%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	+0.086%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	−0.340%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.090%	$134K	$231K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.05	−0.152%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.87	−0.279%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.53	+0.182%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.01	−0.180%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.13	−0.098%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.03	−0.166%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.09	−0.123%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.18	−0.062%	$773K	$2.8M	50x	as long as short