AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Extended+0.145%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$336as in the Funding arb table

Net, price: spread back to 7d avg − costs−$310as in the Price arb table

costs, in and out, $10k−$3173.172% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.145%, 7d avg +0.074%

Together, before fees−0.205%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.070% dearer against Extended than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.074%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	143.59	0.0104	pay 0.0013% / 1h	58m 42s	$919K	$1.8M	50x
Short	dYdX AAVE-USD	143.80	0	get 0.0000% / 1h	58m 42s	$103K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Extended. 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 ExtendedbpFee dYdXbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$21.84
Price spread: +0.145% → +0.074%: $7.03
Slippage, 4 orders: −$302.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$332.04
Costs to cover: 3.172%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; dYdX: live order book, 25 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 Extended live order book, 5 min ago	0.70 bp	8.8 bp −$9	23.0 bp −$230	doesn't fit	doesn't fit
Sell dYdX live order book, 25 min ago	146.85 bp	151.8 bp −$152	151.8 bp −$1,518	228.9 bp −$22.9K	510.5 bp −$255.2K

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	−0.0376%	1h	143.75	+0.113%	$252K	$489K	50x	as long as short
Nado AAVE-PERP	−0.0308%	1h	143.68	+0.064%	$795K	$438K	10x	as long as short
SoDEX AAVE-USD	−0.0294%	1h	143.70	+0.078%	$5K	$298K	10x	as long as short
01 Exchange AAVEUSD	−0.0256%	1h	143.63	+0.029%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.51	−0.055%	$5K	$98K	10x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	143.80	+0.145%	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.50	−0.062%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.83	+0.170%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.616%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0041%	8h	143.56	−0.020%	$65.2M	$185.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0042%	8h	143.58	−0.006%	$31.0M	$25.6M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.75	+0.109%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	143.63	+0.032%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.72	+0.092%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.020%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.57	−0.013%	$17.3M	$65.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0055%	1h	143.79	+0.139%	$3.4M	$2.1M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	143.58	−0.006%	$133K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.69	+0.071%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.74	+0.106%	$121K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0089%	8h	143.62	+0.022%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.75	+0.115%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	−0.017%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	+0.092%	$78.9M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.70	+0.078%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	+0.004%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.61	+0.015%	$61.0M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.60	+0.008%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.58	−0.006%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.58	−0.006%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.60	+0.008%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.84	+0.175%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	+0.042%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.53	−0.038%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.84	+0.175%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.66	+0.052%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.70	+0.078%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.74	+0.106%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	143.59	long leg	$919K	$1.8M	50x
BloFin AAVE-USDT	+0.0163%	8h	143.71	+0.085%	$3.5M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.83	+0.171%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	+0.147%	$772K	$3.0M	50x	as long as short