Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.286%

Price spread now: Deribit against dYdX−0.025%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$351as in the Funding arb table

Net, price: spread back to 7d avg − costs−$319as in the Price arb table

costs, in and out, $10k−$3203.201% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 3 days (all we have)+0.225%+$22 · spread now −0.025%, 7d avg −0.032%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.60	0	get 0.0000% / 1h	43m 30s	$103K	$5K	10x
Short	Deribit AAVE_USDC-PERPETUAL	144.56	0	get 0.0000% / 1h	43m 30s	$254K	$480K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.032%: $0.69
Slippage, 4 orders: −$303.08
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$319.39
Costs to cover: 3.201%
Break-even: never at this rate

Slippage from dYdX: live order book, 40 min ago; Deribit: live order book, 35 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, 40 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 Deribit live order book, 35 min ago	4.51 bp	8.0 bp −$8	15.2 bp −$152	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
01 Exchange AAVEUSD	−0.0184%	1h	144.61	+0.010%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0060%	1h	144.50	−0.066%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.56	−0.025%	$5K	$100K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.60	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.43	−0.115%	$67K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	144.56	−0.025%	$254K	$480K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.73	+0.094%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.281%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	144.72	+0.086%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.68	+0.056%	$65.7M	$185.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.69	+0.064%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.68	+0.060%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.65	+0.037%	$17.4M	$66.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.65	+0.037%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.60	+0.006%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0056%	1h	143.94	−0.454%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	144.72	+0.086%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.54	−0.039%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.205%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.78	+0.131%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	+0.037%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.72	+0.082%	$801K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.84	+0.169%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.70	+0.071%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.60	+0.004%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.69	+0.065%	$61.5M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.64	+0.030%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.69	+0.065%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.69	+0.065%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.69	+0.065%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.63	+0.023%	$381K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.453%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.22	−0.260%	$102K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.225%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.81	+0.148%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.46	−0.091%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.56	−0.028%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.50	−0.066%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.59	−0.006%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0137%	8h	144.30	−0.205%	$3.4M	$4.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.72	+0.083%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.551%	$772K	$3.0M	50x	as long as short