Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.041%

Price spread now: BloFin against dYdX−0.026%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$306as in the Price arb table

costs, in and out, $10k−$3053.053% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.026%, 7d avg −0.017%

Together, before fees+0.522%+$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	142.26	0	get 0.0000% / 1h	37m 00s	$102K	$4K	10x
Short	BloFin AAVE-USDT	142.22	0.0220	get 0.0220% / 8h	1h 37m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $46.2
Price spread: −0.026% → −0.017%: −$0.89
Slippage, 4 orders: −$283.32
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$260.01
Costs to cover: 3.053%
Break-even: 46.4 days

Slippage from dYdX: live order book, 7 min ago; BloFin: live order book, 6 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, 7 min ago	69.69 bp	74.7 bp −$75	74.7 bp −$747	74.7 bp −$7,469	92.9 bp −$46.5K
Sell BloFin live order book, 6 min ago	0.70 bp	9.2 bp −$9	14.5 bp −$145	30.5 bp −$3,052	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
dYdX AAVE-USDlong	0.0000%	1h	142.26	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.25	−0.005%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.24	−0.012%	$216K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.16	−0.065%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.724%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.21	−0.031%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0064%	1h	142.24	−0.016%	$823K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	142.22	−0.026%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.23	−0.019%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.26	+0.002%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.19	−0.049%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.21	−0.031%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	−0.016%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.14	−0.082%	$64.0M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.14	−0.082%	$61.1M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.15	−0.075%	$17.0M	$65.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.35	+0.065%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.17	−0.061%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.14	−0.082%	$24.8M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.18	−0.054%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.18	−0.054%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.15	−0.075%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.28	+0.016%	$374K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.40	+0.100%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.079%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.48	+0.156%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.45	+0.136%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.31	+0.037%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.19	−0.048%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.22	−0.026%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.35	+0.067%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.24	−0.012%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.069%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.11	−0.107%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.27	+0.010%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.31	+0.037%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0160%	1h	142.29	+0.023%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.22	−0.026%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.27	+0.009%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.32	+0.046%	$194K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.32	+0.044%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.33	+0.048%	$3.4M	$2.1M	50x	as long as short