AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.055%

Price spread now: Hyperliquid against dYdX+0.024%55s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1641.642% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.024%, 7d avg +0.082%

Together, before fees+0.241%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.058% cheaper against dYdX than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.082%). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.22	0	get 0.0000% / 1h	37m 51s	$102K	$4K	10x
Short	Hyperliquid AAVE	143.26	0.0100	get 0.0013% / 1h	37m 51s	$77.5M	$35.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.024%Rate

Funding earned: $21
Price spread: +0.024% → +0.082%: −$5.79
Slippage, 4 orders: −$145.2
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$148.99
Costs to cover: 1.642%
Break-even: 56.7 days

Slippage from dYdX: live order book, 26 min ago; Hyperliquid: live order book, 6 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 dYdX live order book, 26 min ago	69.43 bp	74.4 bp −$74	74.4 bp −$744	74.4 bp −$7,443	74.4 bp −$37.2K
Sell Hyperliquid live order book, 6 min ago	0.69 bp	6.0 bp −$6	12.6 bp −$126	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
01 Exchange AAVEUSD	−0.0064%	1h	143.20	−0.016%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.13	−0.065%	$238K	$378K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.22	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.16	−0.044%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.18	−0.029%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.373%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.12	−0.072%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.13	−0.068%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0088%	1h	143.13	−0.068%	$830K	$431K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.55	+0.228%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.31	+0.060%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.13	−0.065%	$17.1M	$63.2M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.28	+0.042%	$13K	$4K	20x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	143.26	+0.024%	$77.5M	$35.3M	10x
Aster AAVEUSDT	+0.0100%	8h	143.11	−0.079%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.32	+0.065%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.13	−0.065%	$64.1M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.15	−0.051%	$61.2M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.25	+0.019%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.233%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.07	−0.107%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.10	−0.086%	$25.8M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.15	−0.051%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.09	−0.093%	$30.0M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.14	−0.058%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.12	−0.072%	$319K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.184%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.52	+0.205%	$103K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.389%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.389%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.15	−0.051%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.13	−0.063%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.14	−0.058%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.24	+0.008%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.07	−0.107%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.11	−0.078%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.16	−0.041%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.27	+0.031%	$189K	$234K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.11	−0.079%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.17	−0.039%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.21	−0.006%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.47	+0.173%	$776K	$2.8M	50x	as long as short