Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Hyperliquid against BingX+0.056%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.056%, 7d avg +0.069%

Together, before fees+0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	144.02	0.0100	pay 0.0100% / 8h	1h 53m	—	$43.9M	—
Short	Hyperliquid AAVE	144.10	0.0100	get 0.0013% / 1h	53m 26s	$79.0M	$33.8M	10x

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

Position, each leg$Hold fordaysFee BingXbpFee HyperliquidbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.069%: −$1.21
Slippage, 4 orders: −$7.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$27.78
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from BingX: live order book, 15 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 BingX live order book, 15 min ago	0.69 bp	5.7 bp −$6	8.6 bp −$86	23.6 bp −$2,362	62.9 bp −$31.4K
Sell Hyperliquid live order book, 10 min ago	0.70 bp	9.1 bp −$9	14.5 bp −$145	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	−0.0305%	1h	144.15	+0.090%	$253K	$480K	50x	as long as short
01 Exchange AAVEUSD	−0.0200%	1h	143.98	−0.028%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0096%	1h	144.08	+0.042%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	143.73	−0.201%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.13	+0.078%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.20	+0.125%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.18	+0.113%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.902%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0038%	8h	144.00	−0.015%	$65.4M	$185.5M	75x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	144.02	0.000%	$31.1M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	143.96	−0.042%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.07	+0.033%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	144.09	+0.049%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.319%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.00	−0.014%	$17.4M	$66.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.21	+0.130%	$3.4M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0058%	8h	144.06	+0.028%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0087%	8h	144.20	+0.128%	$452K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.14	+0.083%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.25	+0.160%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.04	+0.017%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.017%	$797K	$438K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	144.10	+0.056%	$79.0M	$33.8M	10x
Aster AAVEUSDT	+0.0100%	8h	144.09	+0.051%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.06	+0.030%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.01	−0.007%	$61.2M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.02	0.000%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.03	+0.007%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.00	−0.014%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	144.02	long leg	—	$43.9M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.16	+0.097%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	−0.040%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	+0.082%	$102K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.28	+0.181%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.07	+0.035%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.11	+0.060%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.22	+0.140%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.14	+0.083%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.98	−0.030%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0156%	8h	144.28	+0.181%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.18	+0.109%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.153%	$772K	$3.0M	50x	as long as short