Funding you earn now, next payment 21:00 UTC−0.0498%/8h= −54.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.020%
Price spread now: Polymarket Perps against Hyperliquid−0.122%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.438%+$44 · spread now −0.122%, 7d avg −0.043%
=Together, before fees+0.440%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.079% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AAVE | 147.65 | 0.0598 | pay 0.0075% / 1h | 14m 17s | $84.5M | $31.1M | 10x |
| Short | Polymarket Perps AAVE-USD | 147.47 | 0.0100 | get 0.0013% / 1h | 14m 17s | $130K | $468K | 10x |
Hyperliquid AAVE
Polymarket Perps AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$104.65
- Price spread: −0.122% → −0.043%
- −$7.86
- Slippage, 4 orders
- −$11.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$140.77
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 14 min ago; Polymarket Perps: live order book, 13 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, 14 min ago | 0.68 bp | 7.8 bp −$8 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 13 min ago | 2.36 bp | 7.7 bp −$8 | 9.0 bp −$90 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0060% | 1h | 147.46 | −0.126% | $3.5M | $2.0M | 50x | as long as short |
| Phoenix AAVE | −0.0039% | 1h | 147.78 | +0.088% | $4K | $95K | 10x | as long as short |
| SoDEX AAVE-USD | −0.0037% | 1h | 147.39 | −0.176% | $5K | $294K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0021% | 1h | 147.44 | −0.142% | $211K | $432K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 147.44 | −0.145% | $105K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 147.53 | −0.081% | $72K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 147.48 | −0.112% | $72K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −7.240% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 147.41 | −0.162% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0048% | 8h | 147.43 | −0.149% | $18.3M | $66.1M | 50x | as long as short |
Kraken Futures PF_AAVEUSD
Phoenix AAVE
SoDEX AAVE-USD
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_AAVE_USDC | +0.0064% | 8h | 147.41 | −0.163% | $19K | $12K | 10x | as long as short |
| Nado AAVE-PERP | +0.0073% | 1h | 147.44 | −0.139% | $831K | $437K | 10x | as long as short |
| MEXC AAVE_USDT | +0.0087% | 8h | 147.40 | −0.169% | $34.2M | $26.0M | 200x | as long as short |
| Binance AAVEUSDT | +0.0087% | 8h | 147.40 | −0.169% | $67.0M | $178.5M | 75x | as long as short |
| 01 Exchange AAVEUSD | +0.0088% | 1h | 147.47 | −0.122% | $11K | $2K | 5x | as long as short |
| RISEx AAVE/USDC | +0.0090% | 1h | 147.46 | −0.128% | $183K | $241K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 147.59 | −0.038% | $4.7M | $1.7M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 147.50 | −0.099% | $14K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 147.44 | −0.141% | $1.4M | $1.1M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 147.53 | −0.083% | $336K | $507K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 147.44 | −0.142% | $62.8M | $63.9M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 147.43 | −0.149% | $52K | $337K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 147.82 | +0.115% | $62K | $3K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 147.40 | −0.169% | $7.8M | $15.3M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 147.39 | −0.176% | $10.2M | $8.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 147.39 | −0.176% | $30.3M | $17.5M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 147.42 | −0.156% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 147.38 | −0.183% | $349K | $654K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 147.60 | −0.036% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 147.60 | −0.032% | $101K | $312K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 147.67 | +0.014% | $461K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 147.68 | +0.020% | $137K | $232K | 50x | as long as short |
| Polymarket Perps AAVE-USDshort | +0.0100% | 1h | 147.47 | −0.122% | $130K | $468K | 10x | |
| SunX AAVE-USDT | +0.0100% | 8h | 147.37 | −0.191% | $1K | $1.2M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 147.55 | −0.070% | $751K | $4.8M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 147.40 | −0.169% | $4.2M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 147.41 | −0.163% | $957K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 147.44 | −0.142% | $125K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0207% | 8h | 147.32 | −0.224% | $3.6M | $5.4M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0208% | 1h | 147.61 | −0.027% | $794K | $3.0M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0269% / S −0.0451% | 1h | 147.45 | −0.138% | $129K | — | 100x | as long as short |
| Hyperliquid AAVElong | +0.0598% | 1h | 147.65 | long leg | $84.5M | $31.1M | 10x |
Orderly PERP_AAVE_USDC
Nado AAVE-PERP
MEXC AAVE_USDT
Binance AAVEUSDT
01 Exchange AAVEUSD
RISEx AAVE/USDC
Lighter AAVE
Paradex AAVE-USD-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
ApeX Omni AAVEUSDT
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX
GMX AAVE/USD [AAVE-USDC]