AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.266%

Price spread now: dYdX against Deribit+0.216%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$3043.036% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.301%+$30 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.216%, 7d avg +0.034%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.182% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	141.79	−0.0032	get 0.0004% / 1h	43m 10s	$214K	$392K	50x
Short	dYdX AAVE-USD	142.10	0	get 0.0000% / 1h	43m 10s	$102K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now +0.216%Rate

Funding earned: $6.72
Price spread: +0.216% → +0.034%: $18.21
Slippage, 4 orders: −$286.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$278.69
Costs to cover: 3.036%
Break-even: 297.3 days

Slippage from Deribit: live order book, 56 min ago; dYdX: live order book, 61 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 Deribit live order book, 56 min ago	4.93 bp	8.4 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell dYdX live order book, 61 min ago	69.69 bp	212.1 bp −$212	213.2 bp −$2,132	213.4 bp −$21.3K	233.7 bp −$116.9K

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-PERPETUALlong	−0.0032%	1h	141.79	long leg	$214K	$392K	50x
dYdX AAVE-USDshort	0.0000%	1h	142.10	+0.216%	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	141.93	+0.099%	$48K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.93	+0.102%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.406%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.95	+0.111%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.80	+0.007%	$18K	$7K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.02	+0.159%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.02	+0.162%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.03	+0.169%	$828K	$394K	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	142.17	+0.271%	$77.8M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.85	+0.040%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.07	+0.196%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.87	+0.058%	$63.5M	$189.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.87	+0.056%	$61.2M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.92	+0.092%	$16.9M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.16	+0.261%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	+0.098%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.02	+0.162%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.87	+0.056%	$23.8M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.05	+0.183%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.79	0.000%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.92	+0.092%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.17	+0.266%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.26	+0.335%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	+0.205%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	+0.162%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.06	+0.190%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.04	+0.177%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.79	0.000%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.15	+0.253%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.83	+0.028%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.76	−0.023%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.11	+0.226%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.82	+0.022%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.18	+0.275%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.77	−0.014%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	142.10	+0.217%	$188K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.98	+0.136%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.14	+0.247%	$753K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.89	+0.070%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0339%	1h	142.13	+0.240%	$387K	$728K	10x	as long as short