AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.082%

Price spread now: dYdX against Coinbase International−0.092%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1831.834% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.360%−$36 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.092%, 7d avg −0.062%

Together, before fees−0.362%−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and dYdX is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	141.46	0.0256	pay 0.0032% / 1h	1m 43s	$752K	$2.7M	50x
Short	dYdX AAVE-USD	141.33	0	get 0.0000% / 1h	1m 43s	$101K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$53.76
Price spread: −0.092% → −0.062%: −$3.02
Slippage, 4 orders: −$163.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$240.13
Costs to cover: 1.834%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	4.24 bp	13.9 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell dYdX live order book, 37 min ago	65.21 bp	84.8 bp −$85	197.8 bp −$1,978	215.5 bp −$21.5K	217.1 bp −$108.5K

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
dYdX AAVE-USDshort	0.0000%	1h	141.33	−0.092%	$101K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	141.44	−0.014%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.39	−0.049%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.41	−0.038%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.181%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.35	−0.075%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	141.36	−0.071%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.62	+0.110%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.38	−0.057%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.40	−0.042%	$825K	$398K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.56	+0.071%	$77.3M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.44	−0.014%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.44	−0.016%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.42	−0.029%	$63.6M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.39	−0.049%	$60.8M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.37	−0.064%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.53	+0.049%	$91K	$222K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.43	−0.021%	$8.1M	$16.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.44	−0.014%	$23.0M	$24.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.45	−0.007%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.39	−0.049%	$28.7M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.41	−0.035%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.27	−0.137%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.21	−0.174%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	−0.128%	$451K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.21	−0.177%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.46	0.000%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.41	−0.033%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.38	−0.057%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.49	+0.023%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.37	−0.064%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.32	−0.099%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.35	−0.075%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.41	−0.037%	$119K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.51	+0.035%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.39	−0.049%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.36	−0.071%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.47	+0.006%	$184K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0246%	1h	141.53	+0.049%	$385K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.40	−0.040%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0256%	1h	141.46	long leg	$752K	$2.7M	50x
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.47	+0.009%	$3.4M	$2.1M	50x	as long as short