AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.057%

Price spread now: dYdX against Hyperliquid+0.011%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2932.930% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.011%, 7d avg −0.082%

Together, before fees−0.368%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.093% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.082%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	141.92	0.0100	pay 0.0013% / 1h	20m 07s	$77.9M	$31.6M	10x
Short	dYdX AAVE-USD	141.94	0	get 0.0000% / 1h	20m 07s	$102K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$21
Price spread: +0.011% → −0.082%: $9.34
Slippage, 4 orders: −$274.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$304.67
Costs to cover: 2.930%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; dYdX: live order book, 31 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, 7 min ago	0.70 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 31 min ago	114.61 bp	124.5 bp −$125	124.6 bp −$1,246	167.9 bp −$16.8K	626.0 bp −$313.0K

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0110%	1h	141.75	−0.120%	$6K	$241K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0070%	1h	141.55	−0.261%	$132K	$221K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	141.94	+0.011%	$102K	$6K	10x
01 Exchange AAVEUSD	0.0000%	1h	141.83	−0.063%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.84	−0.056%	$42K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.79	−0.092%	$210K	$354K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.90	−0.012%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.495%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.72	−0.144%	—	—	20x	as long as short
Bybit AAVEUSDT	+0.0052%	8h	141.71	−0.148%	$61.1M	$62.3M	75x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0055%	8h	141.76	−0.113%	$3.9M	$3.6M	50x	as long as short
Phoenix AAVE	+0.0062%	1h	141.72	−0.141%	$4K	$97K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	141.74	−0.127%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.91	−0.008%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.78	−0.096%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.76	−0.111%	$814K	$319K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	141.92	long leg	$77.9M	$31.6M	10x
Aster AAVEUSDT	+0.0100%	8h	141.84	−0.056%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.83	−0.063%	$345K	$340K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.71	−0.148%	$63.8M	$171.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.73	−0.134%	$16.5M	$55.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.97	+0.035%	$95K	$209K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.80	−0.085%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.75	−0.120%	$8.0M	$14.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.73	−0.134%	$22.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.75	−0.120%	$10.3M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.71	−0.148%	$29.3M	$16.6M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.72	−0.141%	—	$43.3M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.78	−0.102%	$3.7M	$724K	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.58	−0.240%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.240%	$452K	$3.3M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.92	0.000%	$134K	$400K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.75	−0.123%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.93	+0.006%	$663K	$1.5M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.70	−0.156%	$916K	$1.6M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.82	−0.068%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0106%	1h	141.86	−0.042%	$387K	$634K	10x	as long as short
RISEx AAVE/USDC	+0.0164%	1h	141.89	−0.020%	$172K	$204K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0176%	1h	141.86	−0.044%	$3.4M	$1.9M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.86	−0.042%	$3.3M	$3.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	142.00	+0.056%	$753K	$2.3M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.82	−0.072%	$110K	—	100x	as long as short