Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.005%

Price spread now: Gate against dYdX+0.029%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$324as in the Price arb table

costs, in and out, $10k−$3283.284% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.029%, 7d avg −0.019%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.048% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.25	0	get 0.0000% / 1h	54m 57s	$103K	$5K	10x
Short	Gate AAVE_USDT	144.29	0.0061	get 0.0061% / 8h	1h 54m	$7.8M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $12.81
Price spread: +0.029% → −0.019%: $4.77
Slippage, 4 orders: −$303.45
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$310.87
Costs to cover: 3.284%
Break-even: 176.9 days

Slippage from dYdX: live order book, 29 min ago; Gate: live order book, 4 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, 29 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 Gate live order book, 4 min ago	2.09 bp	12.8 bp −$13	21.3 bp −$213	44.9 bp −$4,489	51.5 bp −$25.8K

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
ApeX Omni AAVEUSDT	−0.0330%	1h	143.45	−0.554%	$133K	$229K	50x	as long as short
01 Exchange AAVEUSD	−0.0208%	1h	144.20	−0.034%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0166%	1h	144.23	−0.013%	$253K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0047%	1h	144.21	−0.027%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0044%	1h	143.73	−0.359%	$5K	$100K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.25	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.25	+0.001%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.26	+0.007%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.053%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	144.20	−0.034%	$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
Binance AAVEUSDT	+0.0039%	8h	144.24	−0.008%	$65.5M	$185.5M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.002%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0045%	1h	144.26	+0.008%	$799K	$438K	10x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.21	−0.026%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	144.18	−0.047%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.477%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.21	−0.027%	$17.4M	$66.2M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.36	+0.074%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDTshort	+0.0061%	8h	144.29	+0.029%	$7.8M	$15.8M	75x
GRVT AAVE_USDT_Perp	+0.0085%	8h	143.56	−0.479%	$450K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.21	−0.029%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.44	+0.129%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	−0.067%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.35	+0.070%	$79.2M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.27	+0.017%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.23	−0.011%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.24	−0.006%	$61.3M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.17	−0.054%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.22	−0.020%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.21	−0.027%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.21	−0.027%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.38	+0.091%	$381K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	−0.198%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.62	−0.439%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.036%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.21	−0.029%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.35	+0.072%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.20	−0.034%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.18	−0.047%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0156%	8h	144.28	+0.022%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.26	+0.005%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.311%	$772K	$3.0M	50x	as long as short