AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Arcus against dYdX+0.024%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$2072.070% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.024%, 7d avg −0.004%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.028% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.20	0	get 0.0000% / 1h	45m 35s	$103K	$4K	10x
Short	Arcus AAVE-USD	144.23	0.0100	get 0.0013% / 1h	45m 35s	$45K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.024%Rate

Funding earned: $21
Price spread: +0.024% → −0.004%: $2.75
Slippage, 4 orders: −$192.51
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$183.26
Costs to cover: 2.070%
Break-even: 68.1 days

Slippage from dYdX: live order book, 23 min ago; Arcus: live order book, 23 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, 23 min ago	67.94 bp	113.3 bp −$113	114.3 bp −$1,143	307.1 bp −$30.7K	783.6 bp −$391.8K
Sell Arcus live order book, 23 min ago	2.39 bp	6.0 bp −$6	20.5 bp −$205	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
Deribit AAVE_USDC-PERPETUAL	−0.9724%	1h	142.94	−0.871%	$248K	$362K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.46	+0.186%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	−0.0033%	1h	144.58	+0.267%	$134K	$230K	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.20	+0.003%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.20	long leg	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.29	+0.065%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.33	+0.093%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.336%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.018%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	144.25	+0.038%	$27.6M	$24.7M	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	+0.0042%	8h	144.20	+0.004%	$65.0M	$185.1M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	+0.114%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	+0.040%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	144.27	+0.052%	$17.4M	$66.0M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.38	+0.128%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.25	+0.037%	$184K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.38	+0.127%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.27	+0.050%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.27	+0.055%	$798K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.29	+0.065%	$78.4M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.33	+0.095%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.25	+0.038%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.27	+0.052%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	144.23	+0.024%	$45K	$188K	10x
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.169%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.23	+0.024%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.29	+0.065%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.23	+0.024%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.24	+0.031%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.39	+0.135%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.060%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.125%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	+0.241%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.31	+0.079%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.30	+0.070%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.34	+0.100%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.49	+0.204%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.34	+0.100%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.18	−0.009%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.232%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.31	+0.078%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.55	+0.246%	$775K	$2.8M	50x	as long as short