AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: Bulk against dYdX−0.116%7-day average −0.009% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2782.776% of the position

Long on dYdX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now −0.116%, 7d avg −0.009%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.107% cheaper against dYdX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.009%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	142.87	0	get 0.0000% / 1h	0m 13s	$104K	$4K	10x
Short	Bulk AAVE-USD	142.71	0.0100	get 0.0013% / 1h	0m 13s	$165K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.116%Rate

Funding earned: $21
Price spread: −0.116% → −0.009%: −$10.66
Slippage, 4 orders: −$260.63
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$267.29
Costs to cover: 2.776%
Break-even: 96.1 days

Slippage from dYdX: live order book, 34 min ago; Bulk: live order book, 64 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, 34 min ago	66.65 bp	77.2 bp −$77	77.3 bp −$773	77.3 bp −$7,730	102.4 bp −$51.2K
Sell Bulk live order book, 64 min ago	0.35 bp	5.1 bp −$5	7.2 bp −$72	15.1 bp −$1,510	60.2 bp −$30.1K

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
Phemex AAVEUSDT	−0.0100%	8h	142.80	−0.051%	$4.0M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.86	−0.009%	$211K	$360K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	142.87	long leg	$104K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.87	−0.002%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.88	+0.005%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.139%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.87	−0.003%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	142.91	+0.026%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	+0.0089%	1h	142.83	−0.030%	$6K	$285K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0093%	8h	142.83	−0.030%	$17K	$6K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.06	+0.132%	$4.6M	$2.6M	10x	as long as short
Phoenix AAVE	+0.0096%	1h	143.07	+0.138%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.79	−0.059%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.84	−0.019%	$826K	$385K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.93	+0.040%	$78.2M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.89	+0.011%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.86	−0.009%	$348K	$366K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.83	−0.030%	$63.9M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.82	−0.037%	$61.6M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.82	−0.037%	$16.6M	$63.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.01	+0.096%	$98K	$228K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	142.71	−0.116%	$165K	$106K	10x
Gate AAVE_USDT	+0.0100%	8h	142.86	−0.009%	$8.1M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.83	−0.030%	$22.6M	$24.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.83	−0.030%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.86	−0.009%	$29.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.80	−0.051%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.82	−0.038%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.97	+0.067%	$110K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	+0.110%	$449K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.05	+0.124%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.85	−0.016%	$133K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.83	−0.029%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.94	+0.048%	$670K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.79	−0.058%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.87	−0.002%	$121K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	143.20	+0.229%	$761K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.87	−0.002%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.94	+0.047%	$173K	$275K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0226%	1h	143.05	+0.124%	$389K	$731K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	142.94	+0.046%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.91	+0.025%	$111K	—	100x	as long as short