Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%
Price spread now: Hyperliquid against BingX+0.171%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$280.276% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 7 days−0.154%−$15 · spread now +0.171%, 7d avg +0.072%
Together, before fees−0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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 0.099% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AAVE-USDT141.840.0100pay 0.0100% / 8h42m 51s$43.4M
ShortHyperliquid AAVE142.080.0100get 0.0013% / 1h42m 51s$77.8M$36.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.171% → +0.072%
$9.94
Slippage, 4 orders
−$8.62
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.67
Costs to cover
0.276%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago0.70 bp6.1 bp −$68.6 bp −$8615.2 bp −$1,51741.3 bp −$20.7K
Sell Hyperliquid live order book, 11 min ago0.35 bp7.1 bp −$710.8 bp −$108doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0032%1h141.79−0.035%$214K$392K50xas long as short
dYdX AAVE-USD0.0000%1h142.10+0.180%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.93+0.063%$48K$1.4M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.93+0.066%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.440%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.95+0.076%20xas long as short
Orderly PERP_AAVE_USDC+0.0082%8h141.80−0.028%$18K$7K10xas long as short
Lighter AAVE+0.0096%1h142.02+0.124%$4.5M$2.4M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h142.02+0.127%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h142.03+0.134%$828K$394K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid AAVEshort+0.0100%1h142.08+0.171%$77.8M$36.9M10x
Aster AAVEUSDT+0.0100%8h141.91+0.049%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h142.07+0.161%$324K$384K10xas long as short
Binance AAVEUSDT+0.0100%8h141.85+0.008%$63.5M$189.2M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.81−0.021%$61.2M$68.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.83−0.007%$16.9M$63.9M50xas long as short
Arcus AAVE-USD+0.0100%1h142.16+0.226%$63K$193K10xas long as short
Bulk AAVE-USD+0.0100%1h141.93+0.063%$160K$103K10xas long as short
Gate AAVE_USDT+0.0100%8h141.88+0.028%$8.0M$16.0M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.91+0.049%$23.8M$23.9M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.93+0.063%$10.2M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.83−0.007%$29.0M$17.8M75xas long as short
BingX AAVE-USDTlong+0.0100%8h141.84long leg$43.4M
Variational Omni AAVE+0.0100%8h142.17+0.231%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h142.26+0.300%$108K$283K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h142.08+0.170%$452K$3.6M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h142.02+0.127%$132K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.06+0.155%$141K$470K10xas long as short
SunX AAVE-USDT+0.0100%8h142.04+0.142%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.79−0.035%$5K$286K10xas long as short
HTX AAVE-USDT+0.0100%8h142.15+0.218%$672K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.83−0.007%$3.9M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h141.84−0.001%$915K$1.7M50xas long as short
01 Exchange AAVEUSD+0.0104%1h142.11+0.190%$10K$2K5xas long as short
Aevo AAVE-PERP+0.0104%1h141.82−0.013%$120K$14610xas long as short
Phoenix AAVE+0.0152%1h142.18+0.240%$5K$98K10xas long as short
BloFin AAVE-USDT+0.0220%8h141.77−0.049%$3.3M$3.5M100xas long as short
RISEx AAVE/USDC+0.0245%1h142.10+0.181%$188K$276K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h141.98+0.101%$111K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0256%1h142.14+0.212%$753K$2.7M50xas long as short
Kraken Futures PF_AAVEUSD+0.0270%1h141.89+0.035%$3.4M$2.1M50xas long as short
Backpack AAVE_USDC_PERP+0.0329%1h142.02+0.127%$387K$728K10xas long as short