AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Polymarket Perps−0.207%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$322as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3023.022% of the position

Long on Polymarket Perps Short on dYdX

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)+0.027%+$3 · spread now −0.207%, 7d avg −0.033%

Together, before fees−0.173%−$17 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 0.174% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	142.48	0.0100	pay 0.0013% / 1h	7m 23s	$141K	$470K	10x
Short	dYdX AAVE-USD	142.18	0	get 0.0000% / 1h	7m 23s	$102K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$21
Price spread: −0.207% → −0.033%: −$17.41
Slippage, 4 orders: −$284.21
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$340.62
Costs to cover: 3.022%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 35 min ago; dYdX: live order book, 36 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 Polymarket Perps live order book, 35 min ago	3.51 bp	7.5 bp −$8	7.8 bp −$78	doesn't fit	doesn't fit
Sell dYdX live order book, 36 min ago	69.69 bp	212.1 bp −$212	213.2 bp −$2,132	213.4 bp −$21.3K	233.7 bp −$116.9K

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
dYdX AAVE-USDshort	0.0000%	1h	142.18	−0.207%	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.13	−0.246%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.14	−0.239%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.46	−0.013%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.874%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.37	−0.079%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	142.37	−0.077%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.43	−0.035%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	0.000%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.32	−0.109%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.14	−0.238%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.48	+0.001%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.20	−0.195%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.49	+0.007%	$64.0M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.42	−0.042%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.45	−0.021%	$17.0M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.40	−0.056%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	−0.091%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.43	−0.035%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.43	−0.035%	$24.4M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.45	−0.021%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.41	−0.049%	$29.1M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.43	−0.035%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.30	−0.127%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.241%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	−0.197%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	−0.246%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	142.48	long leg	$141K	$470K	10x
SunX AAVE-USDT	+0.0100%	8h	142.06	−0.291%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.13	−0.246%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	−0.015%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.12	−0.253%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.17	−0.218%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.17	−0.214%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.39	−0.063%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0159%	1h	142.27	−0.147%	$390K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0168%	1h	142.57	+0.063%	$78.0M	$36.9M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.18	−0.211%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.48	−0.003%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.37	−0.076%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	−0.133%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.22	−0.179%	$3.4M	$2.1M	50x	as long as short