Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.014%

Price spread now: dYdX against Gate−0.097%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1801.802% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.097%, 7d avg +0.021%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.118% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	146.33	0.0100	pay 0.0100% / 8h	7h 42m	$7.9M	$15.2M	75x
Short	dYdX AAVE-USD	146.19	0	get 0.0000% / 1h	42m 15s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$21
Price spread: −0.097% → +0.021%: −$11.79
Slippage, 4 orders: −$155.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$212.98
Costs to cover: 1.802%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; dYdX: live order book, 32 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 Gate live order book, 1 min ago	0.34 bp	13.9 bp −$14	25.3 bp −$253	36.6 bp −$3,657	41.9 bp −$20.9K
Sell dYdX live order book, 32 min ago	67.60 bp	78.8 bp −$79	198.6 bp −$1,986	210.6 bp −$21.1K	221.1 bp −$110.5K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.45	+0.081%	$3.5M	$2.1M	50x	as long as short
Phemex AAVEUSDT	−0.0172%	8h	146.28	−0.034%	$4.2M	$3.8M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.11	−0.150%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0057%	1h	146.31	−0.014%	$5K	$305K	10x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	146.19	−0.097%	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.14	−0.130%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.355%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.35	+0.014%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.31	−0.014%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.34	+0.007%	$29.4M	$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	+0.0025%	8h	146.33	0.000%	$66.3M	$186.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.403%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	−0.135%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.28	−0.034%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.362%	$136K	$230K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.30	−0.021%	$18.0M	$67.4M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.31	−0.017%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	145.86	−0.321%	$457K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.22	−0.075%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.54	+0.147%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.07	−0.180%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.04	−0.195%	$799K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.42	+0.062%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.22	−0.075%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.07	−0.178%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.34	+0.007%	$62.5M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.12	−0.144%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.191%	$61K	−$0	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	146.33	long leg	$7.9M	$15.2M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	146.35	+0.014%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.28	−0.034%	$30.4M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.33	0.000%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.42	+0.062%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.477%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.401%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.21	−0.082%	$128K	$434K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.08	−0.168%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.41	+0.056%	$698K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.051%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.15	−0.124%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.27	−0.041%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.171%	$786K	$3.1M	50x	as long as short