AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.026%

Price spread now: Coinbase International against Hyperliquid0.000%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now 0.000%, 7d avg −0.019%

Together, before fees+0.154%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	141.53	0.0100	pay 0.0013% / 1h	58m 08s	$77.3M	$37.2M	10x
Short	Coinbase International AAVE-PERP-INTX	141.53	0.0216	get 0.0027% / 1h	58m 08s	$753K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: $24.36
Price spread: 0.000% → −0.019%: $1.95
Slippage, 4 orders: −$21.91
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.6
Costs to cover: 0.409%
Break-even: 11.2 days

Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 1 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 Hyperliquid live order book, 6 min ago	0.71 bp	7.4 bp −$7	12.2 bp −$122	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.94 bp	13.1 bp −$13	16.6 bp −$166	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
Phemex AAVEUSDT	−0.1148%	8h	141.49	−0.028%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.61	+0.056%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.57	+0.028%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.49	−0.028%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.50	−0.023%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.229%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.41	−0.085%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.48	−0.035%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.61	+0.058%	$4.5M	$2.5M	10x	as long as short
Nado AAVE-PERP	+0.0098%	1h	141.57	+0.032%	$828K	$400K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.54	+0.010%	$13K	$4K	20x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	141.53	long leg	$77.3M	$37.2M	10x
Aster AAVEUSDT	+0.0100%	8h	141.53	0.000%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.58	+0.037%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.42	−0.076%	$63.6M	$192.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.40	−0.092%	$60.9M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.38	−0.106%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.71	+0.127%	$92K	$222K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.024%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.44	−0.064%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.46	−0.049%	$23.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.45	−0.057%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.41	−0.085%	$28.7M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.41	−0.085%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	−0.003%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.28	−0.177%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.49	−0.031%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.24	−0.205%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.62	+0.064%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.39	−0.096%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.42	−0.078%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.54	+0.009%	$667K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.36	−0.121%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.51	−0.011%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	141.65	+0.085%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.120%	$4K	$97K	10x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0216%	1h	141.53	0.000%	$753K	$2.7M	50x
BloFin AAVE-USDT	+0.0220%	8h	141.37	−0.113%	$3.2M	$3.5M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0221%	1h	141.55	+0.014%	$385K	$732K	10x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.63	+0.070%	$185K	$294K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.53	−0.003%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.49	−0.030%	$110K	—	100x	as long as short