AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.028%

Price spread now: Hyperliquid against Aevo+0.003%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1091.086% of the position

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.003%, 7d avg +0.085%

Together, before fees−0.043%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.081% cheaper against Aevo than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.085%). If the spread goes back, that is −$8 on $10k: about 23 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.002% in total) that is about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	146.47	0.0088	pay 0.0011% / 1h	13m 01s	$124K	$146	10x
Short	Hyperliquid AAVE	146.48	0.0100	get 0.0013% / 1h	13m 01s	$79.8M	$35.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aevo. 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 AevobpFee HyperliquidbpOrdersPrice spread, now +0.003%Rate

Funding earned: $2.52
Price spread: +0.003% → +0.085%: −$8.13
Slippage, 4 orders: −$83.6
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$114.21
Costs to cover: 1.086%
Break-even: 324.3 days

Slippage from Aevo: live order book, 61 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 61 min ago	33.86 bp	48.4 bp −$48	279.1 bp −$2,791	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.70 bp	6.3 bp −$6	11.0 bp −$110	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.61	+0.092%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.29	−0.126%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0075%	1h	146.48	+0.003%	$5K	$295K	10x	as long as short
Phemex AAVEUSDT	−0.0026%	8h	146.46	−0.010%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.44	−0.026%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.44	−0.024%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.55	+0.051%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.57	+0.065%	$256K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.58	+0.072%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.35	−0.085%	$28.7M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0024%	8h	146.35	−0.085%	$66.3M	$183.4M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.496%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.43	−0.032%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.52	+0.031%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0046%	1h	146.45	−0.017%	$136K	$231K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.34	−0.092%	$17.9M	$66.3M	50x	as long as short
Aevo AAVE-PERPlong	+0.0088%	1h	146.47	long leg	$124K	$146	10x
BloFin AAVE-USDT	+0.0095%	8h	146.33	−0.099%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.63	+0.105%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.078%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.44	−0.024%	$801K	$423K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	146.48	+0.003%	$79.8M	$35.4M	10x
Aster AAVEUSDT	+0.0100%	8h	146.57	+0.065%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.42	−0.039%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.33	−0.099%	$62.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.39	−0.058%	$46K	$270K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.470%	$59K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.43	−0.031%	$7.9M	$15.3M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.43	−0.031%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.28	−0.133%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.41	−0.044%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.53	+0.038%	$332K	$736K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	−0.138%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.39	−0.055%	$106K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.46	−0.010%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.54	+0.044%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.44	−0.021%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.50	+0.014%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.30	−0.118%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.42	−0.040%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.58	+0.070%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	−0.038%	$785K	$2.9M	50x	as long as short