AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.081%

Price spread now: Hyperliquid against SoDEX+0.075%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on SoDEX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.075%, 7d avg +0.109%

Together, before fees−0.014%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.034% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.075% now, against its 7-day average of +0.109%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	146.19	−0.0071	get 0.0009% / 1h	31m 54s	$5K	$305K	10x
Short	Hyperliquid AAVE	146.30	0.0100	get 0.0013% / 1h	31m 54s	$80.7M	$34.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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 SoDEXbpFee HyperliquidbpOrdersPrice spread, now +0.075%Rate

Funding earned: $35.94
Price spread: +0.075% → +0.109%: −$3.37
Slippage, 4 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.56
Costs to cover: 0.230%
Break-even: 5.1 days

Slippage from SoDEX: live order book, 47 min ago; Hyperliquid: live order book, 12 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 SoDEX live order book, 47 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.68 bp	6.3 bp −$6	11.2 bp −$112	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	−0.0160%	1h	146.21	+0.014%	$255K	$394K	50x	as long as short
SoDEX AAVE-USDlong	−0.0071%	1h	146.19	long leg	$5K	$305K	10x
Phoenix AAVE	−0.0027%	1h	146.03	−0.109%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.30	+0.075%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.26	+0.048%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.10	−0.062%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.30	+0.073%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.26	+0.051%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.314%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0039%	8h	146.13	−0.041%	$30.4M	$25.8M	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	+0.0041%	8h	146.12	−0.050%	$66.6M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.17	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.20	+0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.10	−0.062%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	146.17	−0.014%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.23	+0.027%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.42	+0.157%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	+0.071%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.18	−0.007%	$804K	$442K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	146.30	+0.075%	$80.7M	$34.6M	10x
Aster AAVEUSDT	+0.0100%	8h	146.26	+0.047%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.31	+0.081%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.18	−0.007%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.075%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.212%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.18	−0.007%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.07	−0.082%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.19	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.30	+0.075%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	−0.042%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.348%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.341%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	−0.055%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.089%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	−0.012%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.108%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.19	0.000%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.07	−0.079%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.34	+0.105%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	+0.048%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.26	+0.046%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.096%	$788K	$3.0M	50x	as long as short