Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: dYdX against Aster+0.003%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1721.720% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.003%, 7d avg −0.001%

Together, before fees−0.196%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	144.46	0.0100	pay 0.0100% / 8h	6h 01m	$1.3M	$1.2M	50x
Short	dYdX AAVE-USD	144.47	0	get 0.0000% / 1h	1m 40s	$103K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21
Price spread: +0.003% → −0.001%: $0.39
Slippage, 4 orders: −$153.95
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$192.57
Costs to cover: 1.720%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; dYdX: live order book, 2 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 Aster live order book, 1 min ago	3.81 bp	10.6 bp −$11	29.0 bp −$290	doesn't fit	doesn't fit
Sell dYdX live order book, 2 min ago	69.43 bp	76.5 bp −$77	190.4 bp −$1,904	209.6 bp −$21.0K	214.1 bp −$107.0K

AAVE on 41 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	−0.0034%	1h	144.54	+0.052%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.38	−0.057%	$11K	$2K	5x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	144.47	+0.003%	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.28	−0.126%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.43	−0.022%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.53	+0.044%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	+0.005%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.193%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.46	−0.004%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	−0.009%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0087%	8h	144.39	−0.050%	$26.6M	$25.0M	200x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.33	−0.092%	$17.3M	$64.0M	50x	as long as short
Binance AAVEUSDT	+0.0089%	8h	144.37	−0.064%	$65.1M	$182.0M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.42	−0.031%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.56	+0.064%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.36	−0.071%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.38	−0.057%	$803K	$415K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.54	+0.054%	$78.2M	$35.2M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	144.46	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.39	−0.050%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.38	−0.057%	$61.8M	$64.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.40	−0.043%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.40	−0.043%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.44	−0.016%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.45	−0.009%	$30.1M	$17.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.41	−0.036%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	+0.054%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.02	−0.306%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.057%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.007%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.85	−0.424%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.52	+0.040%	$126K	$421K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	−0.027%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.43	−0.022%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.58	+0.080%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.51	+0.033%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.275%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.29	−0.119%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.45	−0.009%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0399%	1h	144.53	+0.044%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	+0.047%	$776K	$2.8M	50x	as long as short