Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: dYdX against Aster−0.009%59s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as 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−$2132.134% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.009%, 7d avg −0.001%

Together, before fees−0.184%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 59 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	Aster AAVEUSDT	144.25	0.0100	pay 0.0100% / 8h	6h 31m	$1.3M	$1.2M	50x
Short	dYdX AAVE-USD	144.24	0	get 0.0000% / 1h	31m 52s	$103K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → −0.001%: −$0.79
Slippage, 4 orders: −$195.35
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$235.14
Costs to cover: 2.134%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; dYdX: live order book, 37 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 Aster live order book, 1 min ago	3.82 bp	10.6 bp −$11	28.0 bp −$280	doesn't fit	doesn't fit
Sell dYdX live order book, 37 min ago	67.94 bp	77.4 bp −$77	206.2 bp −$2,062	387.0 bp −$38.7K	871.7 bp −$435.9K

AAVE on 41 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	−0.0513%	1h	144.09	−0.112%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.21	−0.029%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.23	−0.013%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	144.24	−0.009%	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.08	−0.119%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	−0.006%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.167%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.055%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.24	−0.008%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.24	−0.009%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.24	−0.008%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	144.17	−0.058%	$65.0M	$184.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.19	−0.043%	$17.4M	$65.6M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.27	+0.013%	$186K	$230K	10x	as long as short
Gate AAVE_USDT	+0.0092%	8h	144.23	−0.015%	$7.7M	$15.1M	75x	as long as short
SoDEX AAVE-USD	+0.0092%	1h	144.13	−0.084%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.32	+0.046%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.24	−0.005%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	−0.073%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.15	−0.070%	$802K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.28	+0.020%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	144.25	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.18	−0.050%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.13	−0.084%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.23	−0.015%	$45K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.523%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.25	−0.001%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.22	−0.022%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.18	−0.049%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.24	−0.008%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.249%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.238%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	−0.204%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	−0.188%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.034%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	−0.038%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.208%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.12	−0.091%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.15	−0.069%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0236% / S −0.0359%	1h	144.27	+0.015%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.027%	$773K	$2.8M	50x	as long as short