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% APRpaid last 24h +0.028%

Price spread now: Hyperliquid against Aster+0.058%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.058%, 7d avg +0.081%

Together, before fees+0.094%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$9 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 0.023% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	145.15	0.0100	pay 0.0100% / 8h	1h 11m	$1.3M	$1.2M	50x
Short	Hyperliquid AAVE	145.23	0.0100	get 0.0013% / 1h	11m 35s	$79.8M	$33.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.081%: −$2.32
Slippage, 4 orders: −$16.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$36.12
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Aster: live order book, 1 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 Aster live order book, 1 min ago	3.79 bp	9.8 bp −$10	34.4 bp −$344	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.34 bp	8.9 bp −$9	13.9 bp −$139	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	−0.0136%	1h	145.08	−0.045%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.18	+0.023%	$255K	$465K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	−0.039%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0038%	1h	145.16	+0.010%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.12	−0.017%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.19	+0.030%	$66K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.30	+0.108%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.640%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.11	−0.025%	$30.7M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.06	−0.056%	$66.1M	$185.2M	75x	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	145.06	−0.062%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.11	−0.025%	$181K	$243K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.18	+0.023%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.26	+0.077%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0057%	8h	145.05	−0.066%	$17.6M	$66.9M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	145.06	−0.059%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.22	+0.052%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.30	+0.105%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0099%	8h	145.02	−0.085%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.09	−0.042%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.06	−0.063%	$803K	$437K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	145.23	+0.058%	$79.8M	$33.8M	10x
Aster AAVEUSDTlong	+0.0100%	8h	145.15	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	145.10	−0.031%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.05	−0.066%	$61.6M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.045%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.050%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.05	−0.066%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.09	−0.039%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.04	−0.073%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.19	+0.030%	$347K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.10	−0.034%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.01	−0.091%	$104K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.10	−0.032%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.14	−0.004%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.26	+0.081%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.32	+0.120%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.09	−0.039%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.02	−0.087%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0144%	8h	145.05	−0.066%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.29	+0.099%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.059%	$787K	$3.0M	50x	as long as short