Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: Bitget against dYdX+0.056%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$3083.079% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.056%, 7d avg −0.033%

Together, before fees+0.008%+$1 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 Bitget is 0.089% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	142.15	0	get 0.0000% / 1h	31m 16s	$102K	$4K	10x
Short	Bitget AAVEUSDT	142.23	0.0100	get 0.0100% / 8h	1h 31m	$29.1M	$18.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.056%Rate

Funding earned: $21
Price spread: +0.056% → −0.033%: $8.91
Slippage, 4 orders: −$285.91
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$278
Costs to cover: 3.079%
Break-even: 99.7 days

Slippage from dYdX: live order book, 13 min ago; Bitget: live order book, 3 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, 13 min ago	69.69 bp	74.7 bp −$75	74.7 bp −$747	74.7 bp −$7,469	92.9 bp −$46.5K
Sell Bitget live order book, 3 min ago	0.35 bp	11.0 bp −$11	18.5 bp −$185	41.7 bp −$4,174	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
dYdX AAVE-USDlong	0.0000%	1h	142.15	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.21	+0.042%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	+0.035%	$216K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	+0.026%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.651%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.15	+0.002%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0058%	1h	142.20	+0.035%	$826K	$391K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.18	+0.021%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.10	−0.035%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.33	+0.126%	$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	142.09	−0.041%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.29	+0.097%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.16	+0.007%	$325K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.22	+0.051%	$64.0M	$191.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.19	+0.028%	$61.2M	$68.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.19	+0.028%	$17.0M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.36	+0.148%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.053%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.24	+0.063%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.22	+0.049%	$24.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.28	+0.091%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	142.23	+0.056%	$29.1M	$18.2M	75x
BingX AAVE-USDC	+0.0100%	8h	142.23	+0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.14	−0.007%	$374K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.084%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	−0.019%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	+0.065%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.20	+0.035%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.28	+0.091%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.24	+0.063%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.18	+0.021%	$5K	$295K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.34	+0.133%	$673K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	+0.056%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.15	−0.003%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.23	+0.053%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.31	+0.113%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0169%	1h	142.36	+0.148%	$77.9M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.16	+0.007%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.20	+0.036%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.33	+0.124%	$193K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.33	+0.127%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.30	+0.102%	$3.4M	$2.1M	50x	as long as short