AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.055%

Price spread now: dYdX against Hyperliquid−0.116%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$370as in the Funding arb table

Net, price: spread back to 7d avg − costs−$353as in the Price arb table

costs, in and out, $10k−$3503.497% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.116%, 7d avg −0.082%

Together, before fees−0.227%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and dYdX is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	146.59	0.0185	pay 0.0023% / 1h	51m 12s	$81.0M	$34.3M	10x
Short	dYdX AAVE-USD	146.42	0	get 0.0000% / 1h	51m 12s	$104K	$5K	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 −0.116%Rate

Funding earned: −$38.81
Price spread: −0.116% → −0.082%: −$3.37
Slippage, 4 orders: −$330.69
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$391.87
Costs to cover: 3.497%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; dYdX: live order book, 28 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, 12 min ago	0.69 bp	6.3 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell dYdX live order book, 28 min ago	158.47 bp	171.6 bp −$172	178.5 bp −$1,785	205.7 bp −$20.6K	437.8 bp −$218.9K

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
Phoenix AAVE	−0.0027%	1h	146.35	−0.164%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0024%	1h	146.44	−0.102%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.46	−0.089%	$256K	$412K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	146.42	−0.116%	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.33	−0.177%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.50	−0.063%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.49	−0.066%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.48	−0.075%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.569%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.44	−0.102%	$31.0M	$25.6M	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	+0.0043%	8h	146.42	−0.115%	$66.7M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.38	−0.146%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.44	−0.102%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	146.43	−0.109%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.44	−0.102%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.48	−0.078%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.65	+0.040%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.156%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.41	−0.123%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.46	−0.089%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.41	−0.123%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.39	−0.136%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.41	−0.123%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.546%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.42	−0.116%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.46	−0.089%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.44	−0.102%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.187%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.181%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	−0.135%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.211%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.47	−0.082%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.37	−0.149%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.49	−0.065%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.39	−0.136%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.41	−0.125%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.46	−0.090%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.40	−0.130%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVElong	+0.0185%	1h	146.59	long leg	$81.0M	$34.3M	10x
Backpack AAVE_USDC_PERP	+0.0245%	1h	146.38	−0.143%	$353K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.50	−0.064%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	−0.109%	$795K	$3.0M	50x	as long as short