AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.24 per $10,000 · paid last 24h −0.026%

Price spread now: SoDEX against dYdX−0.049%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$3143.138% of the position

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.049%, 7d avg −0.027%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.022% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.47	0	get 0.0000% / 1h	23m 15s	$103K	$5K	10x
Short	SoDEX AAVE-USD	144.40	−0.0190	pay 0.0024% / 1h	23m 15s	$5K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$39.91
Price spread: −0.049% → −0.027%: −$2.16
Slippage, 4 orders: −$295.76
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$355.83
Costs to cover: 3.138%
Break-even: never at this rate

Slippage from dYdX: live order book, 1 min ago; SoDEX: live order book, just now.

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, 1 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 SoDEX live order book, just now	0.35 bp	5.1 bp −$5	10.0 bp −$100	96.4 bp −$9,638	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	−0.0373%	1h	144.47	−0.001%	$249K	$483K	50x	as long as short
SoDEX AAVE-USDshort	−0.0190%	1h	144.40	−0.049%	$5K	$299K	10x
01 Exchange AAVEUSD	−0.0128%	1h	144.44	−0.021%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.228%	$5K	$101K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.47	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.44	−0.021%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.50	+0.022%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.53	+0.044%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.199%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.36	−0.074%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.193%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.45	−0.014%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.42	−0.035%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.40	−0.049%	$7.7M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0056%	8h	144.37	−0.070%	$31.4M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0056%	8h	144.42	−0.037%	$65.8M	$184.3M	75x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.39	−0.052%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.199%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.62	+0.103%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.46	−0.004%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.46	−0.006%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	−0.037%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.54	+0.048%	$80.3M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.49	+0.011%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.45	−0.014%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.46	−0.007%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.41	−0.042%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.121%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.43	−0.028%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.39	−0.056%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.42	−0.035%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.53	+0.041%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.276%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.67	+0.139%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.47	−0.001%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	−0.035%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.54	+0.048%	$719K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.41	−0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.41	−0.039%	$932K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0176%	8h	144.42	−0.035%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.077%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.50	+0.023%	$124K	—	100x	as long as short