AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Polymarket Perps against dYdX+0.040%47s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$333as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3533.525% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)+0.229%+$23 · spread now +0.040%, 7d avg +0.033%

Together, before fees+0.428%+$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.04	0	get 0.0000% / 1h	2m 38s	$102K	$4K	10x
Short	Polymarket Perps AAVE-USD	143.10	0.0100	get 0.0013% / 1h	2m 38s	$125K	$386K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.040%Rate

Funding earned: $21
Price spread: +0.040% → +0.033%: $0.75
Slippage, 4 orders: −$334.51
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$330.77
Costs to cover: 3.525%
Break-even: 117.3 days

Slippage from dYdX: live order book, 56 min ago; Polymarket Perps: live order book, 55 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, 56 min ago	82.64 bp	87.6 bp −$88	87.6 bp −$876	111.1 bp −$11.1K	376.3 bp −$188.1K
Sell Polymarket Perps live order book, 55 min ago	1.75 bp	8.7 bp −$9	10.3 bp −$103	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	−0.0136%	1h	143.05	+0.005%	$10K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.04	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.95	−0.065%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.04	−0.002%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	+0.019%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.97	−0.051%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.252%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.05	+0.006%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.02	−0.016%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	−0.219%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0080%	1h	143.01	−0.023%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0084%	8h	143.03	−0.009%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.09	+0.032%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	−0.038%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.14	+0.068%	$77.9M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.11	+0.047%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.99	−0.034%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.97	−0.051%	$63.7M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.97	−0.051%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.96	−0.058%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.07	+0.019%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.359%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.07	+0.019%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.97	−0.051%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.00	−0.030%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.01	−0.023%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.96	−0.058%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.14	+0.068%	$336K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.219%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.296%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.118%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	−0.247%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	143.10	+0.040%	$125K	$386K	10x
SunX AAVE-USDT	+0.0100%	8h	142.96	−0.059%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.20	+0.110%	$688K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.00	−0.030%	$897K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.05	+0.005%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.09	+0.030%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	−0.030%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.06	+0.014%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.11	+0.047%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	−0.086%	$793K	$2.8M	50x	as long as short