Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Hyperliquid against ApeX Omni−0.097%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.097%, 7d avg +0.074%

Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.171% cheaper against ApeX Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	144.64	0.0100	pay 0.0013% / 1h	31m 18s	$134K	$228K	50x
Short	Hyperliquid AAVE	144.50	0.0100	get 0.0013% / 1h	31m 18s	$79.4M	$34.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.074%: −$17.12
Slippage, 4 orders: −$25.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$61.38
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 50 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 ApeX Omni live order book, 50 min ago	6.59 bp	14.6 bp −$15	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.69 bp	8.5 bp −$9	14.2 bp −$142	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
01 Exchange AAVEUSD	−0.0160%	1h	144.44	−0.138%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.27	−0.256%	$253K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0074%	1h	144.28	−0.249%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.64	0.000%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.44	−0.136%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.45	−0.131%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.42	−0.152%	$70K	—	150x	as long as short
Binance AAVEUSDT	+0.0031%	8h	144.28	−0.246%	$65.6M	$185.7M	75x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.38	−0.180%	$30.9M	$25.8M	200x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.310%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.32	−0.222%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.47	−0.115%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.23	−0.283%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.26	−0.263%	$17.5M	$66.6M	50x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.35	−0.200%	$7.8M	$15.9M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.38	−0.182%	$3.4M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.032%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.31	−0.227%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.044%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.48	−0.111%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.48	−0.109%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.39	−0.173%	$799K	$436K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	144.50	−0.097%	$79.4M	$34.1M	10x
Aster AAVEUSDT	+0.0100%	8h	144.45	−0.132%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.51	−0.090%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.28	−0.249%	$61.2M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.44	−0.138%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.39	−0.173%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.23	−0.283%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.38	−0.180%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	−0.069%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	−0.022%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	−0.002%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	144.64	long leg	$134K	$228K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.51	−0.090%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.39	−0.170%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.31	−0.226%	$691K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.40	−0.166%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.25	−0.270%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.27	−0.256%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.40	−0.164%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.67	+0.021%	$782K	$3.0M	50x	as long as short