AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Arcus against dYdX−0.077%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$360as in the Price arb table

costs, in and out, $10k−$3533.532% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.077%, 7d avg −0.004%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.073% cheaper against dYdX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.004%). If the spread goes back, that is −$7 on $10k: about 2.4 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	146.13	0	get 0.0000% / 1h	28m 20s	$104K	$5K	10x
Short	Arcus AAVE-USD	146.02	0.0100	get 0.0013% / 1h	28m 20s	$51K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.077%Rate

Funding earned: $21
Price spread: −0.077% → −0.004%: −$7.34
Slippage, 4 orders: −$338.65
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$339.49
Costs to cover: 3.532%
Break-even: 120.2 days

Slippage from dYdX: live order book, 50 min ago; Arcus: live order book, 50 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, 50 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 Arcus live order book, 50 min ago	2.41 bp	7.1 bp −$7	20.4 bp −$204	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
SoDEX AAVE-USD	−0.0076%	1h	146.04	−0.063%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.18	+0.032%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.05	−0.057%	$255K	$394K	50x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.03	−0.070%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	146.13	long leg	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.02	−0.077%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.12	−0.008%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.06	−0.048%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.277%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.00	−0.091%	$30.2M	$25.9M	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	146.03	−0.070%	$66.6M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.95	−0.126%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.98	−0.104%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.04	−0.063%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.02	−0.077%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.06	−0.046%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.24	+0.076%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.02	−0.076%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	−0.101%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.15	+0.012%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.09	−0.027%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	−0.047%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.04	−0.063%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	146.02	−0.077%	$51K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.043%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.01	−0.084%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.98	−0.104%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.98	−0.104%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.22	+0.060%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.17	+0.024%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.18	+0.033%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.021%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.19	+0.039%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.04	−0.063%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.09	−0.028%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	−0.028%	$698K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.07	−0.043%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.01	−0.082%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.05	−0.056%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.12	−0.009%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.06	−0.052%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.135%	$788K	$3.0M	50x	as long as short