Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Hyperliquid against Bitget+0.090%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.090%, 7d avg +0.087%

Together, before fees+0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	145.14	0.0100	pay 0.0100% / 8h	2h 43m	$30.3M	$18.2M	75x
Short	Hyperliquid AAVE	145.27	0.0100	get 0.0013% / 1h	43m 52s	$81.2M	$32.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.087%: $0.24
Slippage, 4 orders: −$11.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$32.16
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 10 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 Bitget live order book, 5 min ago	1.03 bp	10.0 bp −$10	16.9 bp −$169	63.5 bp −$6,355	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.69 bp	6.5 bp −$6	12.9 bp −$129	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	−0.0301%	1h	145.15	+0.007%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	145.11	−0.021%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	−0.041%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	−0.021%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.04	−0.067%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.06	−0.055%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.20	+0.044%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.27	+0.087%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.636%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.12	−0.014%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.98	−0.110%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	145.13	−0.007%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.11	−0.021%	$7.8M	$15.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0066%	1h	145.09	−0.034%	$135K	$229K	50x	as long as short
MEXC AAVE_USDT	+0.0076%	8h	145.07	−0.048%	$32.2M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0076%	8h	145.04	−0.072%	$65.9M	$181.9M	75x	as long as short
Nado AAVE-PERP	+0.0086%	1h	145.05	−0.059%	$805K	$444K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	+0.129%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.13	−0.005%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.07	−0.049%	$14K	$4K	20x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	145.27	+0.090%	$81.2M	$32.5M	10x
Aster AAVEUSDT	+0.0100%	8h	145.13	−0.007%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.06	−0.052%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.05	−0.062%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.041%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.002%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.16	+0.014%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	145.14	long leg	$30.3M	$18.2M	75x
BingX AAVE-USDT	+0.0100%	8h	145.03	−0.076%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.23	+0.062%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.12	−0.017%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.14	+0.003%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.16	+0.016%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.18	+0.028%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.11	−0.023%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	+0.099%	$737K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.15	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.09	−0.033%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.18	+0.024%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0196%	8h	144.90	−0.165%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.207%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.17	+0.022%	$125K	—	100x	as long as short