Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%

Price spread now: dYdX against Bitget+0.110%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs−$349as in the Price arb table

costs, in and out, $10k−$3573.570% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.110%, 7d avg +0.034%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.076% dearer against Bitget than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.034%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	146.10	0.0100	pay 0.0100% / 8h	32m 04s	$30.4M	$18.3M	75x
Short	dYdX AAVE-USD	146.26	0	get 0.0000% / 1h	32m 04s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$21
Price spread: +0.110% → +0.034%: $7.63
Slippage, 4 orders: −$335.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$370.4
Costs to cover: 3.570%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; dYdX: live order book, 47 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 Bitget live order book, 2 min ago	0.34 bp	10.0 bp −$10	10.4 bp −$104	38.1 bp −$3,811	doesn't fit
Sell dYdX live order book, 47 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
Deribit AAVE_USDC-PERPETUAL	−0.0160%	1h	146.21	+0.075%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0071%	1h	146.19	+0.062%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.048%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.30	+0.137%	$11K	$2K	5x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	146.26	+0.110%	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.10	0.000%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.30	+0.135%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.26	+0.112%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.256%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0039%	8h	146.19	+0.062%	$30.5M	$25.8M	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	+0.0041%	8h	146.19	+0.062%	$66.6M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.17	+0.046%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.20	+0.068%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.18	+0.055%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	146.25	+0.103%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.23	+0.089%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.42	+0.218%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	+0.132%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.18	+0.055%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.37	+0.181%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	+0.104%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.31	+0.142%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.23	+0.089%	$62.4M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.137%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.151%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.24	+0.096%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	146.10	long leg	$30.4M	$18.3M	75x
BingX AAVE-USDT	+0.0100%	8h	146.25	+0.103%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.30	+0.137%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	+0.019%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.286%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.280%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	+0.007%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.151%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	+0.049%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.170%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.19	+0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.07	−0.017%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.34	+0.167%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	+0.110%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.26	+0.108%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.157%	$788K	$3.0M	50x	as long as short