AAVE funding: Hyperliquid vs Binance & Bybit
Funding arbitrage →| Exchange | Interval | Per interval | 8h equiv. | APR | HL − exchange | Next payment |
|---|---|---|---|---|---|---|
| Hyperliquid | 1h | 0.00125% | 0.0100% | 11.0% | — | 8m |
| Binance AAVEUSDT | 8h | 0.0081% | 0.0081% | 8.9% | 2.0% | 4h 08m |
| Bybit AAVEUSDT | 8h | 0.0092% | 0.0092% | 10.1% | 0.8% | 4h 08m |
Hyperliquid charges every hour and most Binance and Bybit perps every 8 hours, so the gap is compared as 8-hour equivalents and APR. Hyperliquid's rate is the one it will charge at the next hour, updated live.
AAVE open interest & limits
All markets →| Open interest | $78.88M (523,172 AAVE) |
|---|---|
| Change 1h / 24h | -0.97% / — |
| Share of native perp OI | 0.6% (#19 of 178) |
| OI cap | — |
| OI cap use | — |
| Max leverage | 10x |
| 24h volume | $13.48M |
Hyperliquid publishes a per-market OI cap only for HIP-3 markets, so native perps show "—" for the cap.
AAVE premium
mark vs oracle| Mark price | 150.77 |
|---|---|
| Oracle price | 150.82 |
| Mark vs oracle | -3.6 bps |
| Impact premium | +0.0 bps |
| Funding vs baseline | 0.0% APR |
A balanced market pays the 0.00125% per hour interest baseline; a positive premium adds to it.
AAVE funding history
8h equivalent · Hyperliquid vs Binance & BybitNot recorded Chart: TradingView Lightweight Charts™
AAVE open interest on Hyperliquid
USDNot recorded Chart: TradingView Lightweight Charts™
More on AAVE on Hyperliquid
AAVE Hyperliquid funding FAQ
What is the AAVE funding rate on Hyperliquid?
Hyperliquid charges funding every hour, on the hour. The hourly rate is the perp's average premium over its oracle price during the hour plus an interest part of 0.01% per 8 hours, capped at 4% per hour. Positive funding means longs pay shorts. To compare with an exchange that pays every 8 hours, multiply the hourly rate by 8; APR is the hourly rate x 24 x 365. Right now AAVE pays 0.00125% per hour, which is 0.0100% per 8 hours or 11.0% APR.
How does AAVE funding on Hyperliquid compare with Binance and Bybit?
Binance and Bybit usually pay every 8 hours (some perps every 4 hours or hourly) and Hyperliquid every hour, so this page compares them as 8-hour equivalents and APR. A positive gap means longs pay more on Hyperliquid. Right now Hyperliquid AAVE funding is 2.0% APR higher than on Binance (8.9% APR) and 0.8% APR higher than on Bybit (10.1% APR). Holding the opposite position on each exchange to collect the gap is funding arbitrage; it isn't risk-free, since rates change every interval and each leg can be liquidated on its own.
Is there an open interest cap on AAVE?
Hyperliquid limits open interest on every market, but it publishes a per-market cap only for HIP-3 markets, set by their deployers. For native perps like this one the page shows "—" for the cap. When a market hits its limit, trades that would add to open interest are refused until it falls; closing trades still work. AAVE open interest on Hyperliquid is $78.88M right now. AAVE trades with up to 10x leverage.
What is the mark-vs-oracle premium?
The oracle price is a weighted median of spot prices on major exchanges, published by Hyperliquid's validators. The mark price is what the perp trades at. When the perp trades above the oracle, the premium is positive and pushes the next funding payment up; below the oracle it pulls funding down. Right now the AAVE mark is -3.6 bps from the oracle.
Where does the funding history come from?
For the 30 or so largest Hyperliquid coins by open interest, the funding chart starts with Hyperliquid's own record of every settled payment, back to May 2023 or the coin's listing if later (pick Max on the chart). After that, and for every other coin, it is this site's recording of every Hyperliquid market from Hyperliquid's public API every 5 minutes, kept as hourly averages. The open interest chart is this site's recording only. The charts show funding as an 8-hour equivalent, the same scale as Binance and Bybit, so the lines can be compared directly. Nothing here is financial advice.