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 +0.027%

Price spread now: Aster against dYdX+0.023%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.023%, 7d avg +0.002%

Together, before fees+0.157%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.021% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	146.08	0	get 0.0000% / 1h	10m 20s	$104K	$5K	10x
Short	Aster AAVEUSDT	146.11	0.0100	get 0.0100% / 8h	10m 20s	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: $21
Price spread: +0.023% → +0.002%: $2.13
Slippage, 4 orders: −$155.71
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$150.58
Costs to cover: 1.737%
Break-even: 57.2 days

Slippage from dYdX: live order book, 3 min ago; Aster: live order book, 3 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, 3 min ago	67.60 bp	73.3 bp −$73	73.3 bp −$733	75.0 bp −$7,503	83.4 bp −$41.7K
Sell Aster live order book, 3 min ago	3.76 bp	12.7 bp −$13	25.9 bp −$259	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	−0.0116%	1h	145.88	−0.137%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.22	+0.096%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.123%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.05	−0.020%	$255K	$391K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	146.08	long leg	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.79	−0.198%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.00	−0.051%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.21	+0.086%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	146.10	+0.014%	$29.8M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0032%	8h	145.90	−0.123%	$66.5M	$186.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.243%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.025%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.00	−0.055%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0068%	8h	146.00	−0.055%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.13	+0.034%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.98	−0.067%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.09	+0.008%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.13	+0.033%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	+0.048%	$804K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.26	+0.123%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	146.11	+0.023%	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.14	+0.040%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.90	−0.123%	$62.2M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.20	+0.082%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.105%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.16	+0.055%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.93	−0.103%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.10	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.02	−0.041%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.93	−0.100%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.13	+0.035%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.057%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.12	+0.028%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.24	+0.110%	$128K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	+0.064%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.010%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.99	−0.061%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.87	−0.143%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.25	+0.116%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0130%	8h	145.93	−0.103%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.17	+0.063%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.27	+0.130%	$789K	$3.0M	50x	as long as short