Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: Bitget against dYdX−0.009%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3243.236% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.009%, 7d avg −0.034%

Together, before fees+0.014%+$1 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 Bitget is 0.025% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.28	0	get 0.0000% / 1h	15m 41s	$103K	$5K	10x
Short	Bitget AAVEUSDT	144.27	0.0100	get 0.0100% / 8h	2h 15m	$30.1M	$18.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: $21
Price spread: −0.009% → −0.034%: $2.48
Slippage, 4 orders: −$301.64
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$300.15
Costs to cover: 3.236%
Break-even: 107.1 days

Slippage from dYdX: live order book, 8 min ago; Bitget: 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, 8 min ago	146.85 bp	151.8 bp −$152	151.8 bp −$1,518	151.8 bp −$15.2K	292.6 bp −$146.3K
Sell Bitget live order book, 3 min ago	1.73 bp	10.8 bp −$11	16.5 bp −$165	43.3 bp −$4,328	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
Deribit AAVE_USDC-PERPETUAL	−0.0235%	1h	144.36	+0.053%	$254K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0171%	1h	144.35	+0.046%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.37	+0.060%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	−0.009%	$5K	$101K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.28	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.36	+0.053%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.38	+0.069%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.47	+0.133%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.075%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.27	−0.010%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.29	+0.005%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0049%	8h	144.29	+0.005%	$65.6M	$184.7M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.33	+0.033%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.30	+0.012%	$17.4M	$66.1M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0055%	1h	144.42	+0.095%	$134K	$230K	50x	as long as short
Gate AAVE_USDT	+0.0056%	8h	144.31	+0.019%	$7.8M	$15.9M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	144.18	−0.073%	$455K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0091%	1h	144.26	−0.013%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.47	+0.130%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.39	+0.074%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.33	+0.036%	$180K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.28	−0.004%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.39	+0.074%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.27	−0.008%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.30	+0.015%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.31	+0.019%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	+0.019%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.33	+0.033%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	144.27	−0.009%	$30.1M	$18.2M	75x
BingX AAVE-USDT	+0.0100%	8h	144.29	+0.005%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.51	+0.157%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	−0.011%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.15	−0.089%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.36	+0.053%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.26	−0.017%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.70	+0.290%	$720K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.34	+0.039%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.036%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.27	−0.008%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0168%	8h	144.18	−0.071%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.053%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.35	+0.046%	$124K	—	100x	as long as short