AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Extended against dYdX−0.156%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3173.166% of the position

Long on dYdX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.156%, 7d avg −0.074%

Together, before fees+0.219%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.082% cheaper against dYdX than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.074%). If the spread goes back, that is −$8 on $10k: about 2.6 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	144.13	0	get 0.0000% / 1h	53m 20s	$103K	$5K	10x
Short	Extended AAVE-USD	143.91	0.0104	get 0.0013% / 1h	53m 20s	$924K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.156%Rate

Funding earned: $21.84
Price spread: −0.156% → −0.074%: −$8.18
Slippage, 4 orders: −$301.64
Fee dYdX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$302.98
Costs to cover: 3.166%
Break-even: 104.1 days

Slippage from dYdX: live order book, 30 min ago; Extended: live order book, 5 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, 30 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 Extended live order book, 5 min ago	3.13 bp	6.2 bp −$6	19.6 bp −$196	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
Deribit AAVE_USDC-PERPETUAL	−0.0236%	1h	143.95	−0.127%	$253K	$480K	50x	as long as short
01 Exchange AAVEUSD	−0.0200%	1h	143.98	−0.106%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0119%	1h	143.94	−0.134%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	143.73	−0.279%	$5K	$100K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.13	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.20	+0.047%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.04	−0.066%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.976%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0038%	8h	143.95	−0.125%	$65.4M	$185.5M	75x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	144.01	−0.085%	$31.1M	$25.7M	200x	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	143.96	−0.120%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.07	−0.045%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.95	−0.127%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.397%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	143.94	−0.134%	$17.4M	$66.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.06	−0.047%	$3.4M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0058%	8h	143.98	−0.106%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0087%	8h	144.20	+0.049%	$452K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.00	−0.095%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.25	+0.082%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.04	−0.061%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.095%	$797K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.10	−0.022%	$79.0M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	−0.052%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.06	−0.048%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.97	−0.113%	$61.1M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.02	−0.078%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.99	−0.099%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.00	−0.092%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.98	−0.106%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.16	+0.019%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	−0.118%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	+0.004%	$102K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.28	+0.102%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.07	−0.043%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.98	−0.109%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.37	+0.161%	$716K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	−0.120%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	143.91	−0.156%	$924K	$1.8M	50x
BloFin AAVE-USDT	+0.0152%	8h	143.94	−0.134%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.03	−0.071%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.231%	$772K	$3.0M	50x	as long as short