AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.028%

Price spread now: Aevo against dYdX−0.062%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$427as in the Price arb table

costs, in and out, $10k−$4214.210% of the position

Long on dYdX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 3 days (all we have)+0.257%+$26 · spread now −0.062%, 7d avg −0.001%

Together, before fees+0.458%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.001%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	146.29	0	get 0.0000% / 1h	56m 48s	$104K	$5K	10x
Short	Aevo AAVE-PERP	146.19	0.0088	get 0.0011% / 1h	56m 48s	$123K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against dYdX. 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 dYdXbpFee AevobpOrdersPrice spread, now −0.062%Rate

Funding earned: $18.48
Price spread: −0.062% → −0.001%: −$6.03
Slippage, 4 orders: −$395
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$408.55
Costs to cover: 4.210%
Break-even: 161.8 days

Slippage from dYdX: live order book, 22 min ago; Aevo: live order book, 22 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 dYdX live order book, 22 min ago	158.47 bp	165.3 bp −$165	165.5 bp −$1,655	165.5 bp −$16.6K	265.7 bp −$132.9K
Sell Aevo live order book, 22 min ago	26.19 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit

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
Phoenix AAVE	−0.0045%	1h	146.30	+0.010%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.19	−0.065%	$256K	$417K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	146.29	long leg	$104K	$5K	10x
01 Exchange AAVEUSD	0.0000%	1h	146.19	−0.065%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	−0.051%	$74K	$1.5M	3.4x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	146.17	−0.079%	$5K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.28	−0.005%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.22	−0.048%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.375%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.19	−0.065%	$30.6M	$25.5M	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	+0.0042%	8h	146.34	+0.038%	$66.7M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.14	−0.100%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.15	−0.092%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	146.37	+0.058%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.22	−0.044%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERPshort	+0.0088%	1h	146.19	−0.062%	$123K	$146	10x
Lighter AAVE	+0.0096%	1h	146.57	+0.193%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.18	−0.074%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.109%	$809K	$437K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	−0.022%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.37	+0.055%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.38	+0.065%	$62.5M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.085%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.338%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.20	−0.058%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.32	+0.024%	$30.6M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.21	−0.051%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.506%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.73	−0.377%	$105K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.462%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.79	−0.338%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.22	−0.044%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.16	−0.084%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.043%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.120%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.19	−0.064%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.20	−0.055%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.17	−0.079%	$3.5M	$4.0M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0219%	1h	146.27	−0.010%	$353K	$733K	10x	as long as short
Hyperliquid AAVE	+0.0249%	1h	146.50	+0.147%	$80.9M	$34.2M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.22	−0.046%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.099%	$795K	$3.1M	50x	as long as short