Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.014%

Price spread now: dYdX against Gate+0.065%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1821.819% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.065%, 7d avg +0.021%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.044% dearer against Gate than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.021%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	146.11	0.0049	pay 0.0049% / 8h	7h 34m	$7.9M	$15.2M	75x
Short	dYdX AAVE-USD	146.21	0	get 0.0000% / 1h	34m 36s	$104K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$10.29
Price spread: +0.065% → +0.021%: $4.42
Slippage, 4 orders: −$156.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$187.82
Costs to cover: 1.819%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; dYdX: live order book, 39 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 Gate live order book, 4 min ago	2.06 bp	16.1 bp −$16	26.7 bp −$267	42.9 bp −$4,293	48.4 bp −$24.2K
Sell dYdX live order book, 39 min ago	67.60 bp	78.8 bp −$79	198.6 bp −$1,986	210.6 bp −$21.1K	221.1 bp −$110.5K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.09	−0.012%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0144%	1h	146.18	+0.048%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0106%	1h	145.97	−0.096%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.01	−0.068%	$255K	$369K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	146.21	+0.065%	$104K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.88	−0.157%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.87	−0.164%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.93	−0.122%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0020%	8h	146.09	−0.014%	$66.2M	$185.5M	75x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	146.07	−0.027%	$29.2M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.262%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.77	−0.231%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	145.95	−0.110%	$18K	$10K	10x	as long as short
Gate AAVE_USDTlong	+0.0049%	8h	146.11	long leg	$7.9M	$15.2M	75x
OKX AAVE-USDT-SWAP	+0.0060%	8h	146.10	−0.007%	$17.9M	$66.9M	50x	as long as short
Bybit AAVEUSDT	+0.0065%	8h	146.08	−0.021%	$62.5M	$65.4M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0067%	1h	146.03	−0.055%	$136K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0069%	8h	145.92	−0.130%	$462K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0085%	8h	145.81	−0.205%	$3.5M	$4.0M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	−0.092%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.30	+0.131%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.12	+0.010%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.79	−0.219%	$797K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.22	+0.075%	$79.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.18	+0.048%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	+0.007%	$334K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.20	+0.062%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.267%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.07	−0.027%	$10.1M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.04	−0.048%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.09	−0.014%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.07	−0.027%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.87	−0.163%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.87	−0.163%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	−0.164%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.81	−0.209%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.13	+0.012%	$710K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.95	−0.110%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.08	−0.024%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.23	+0.083%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	145.92	−0.129%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.14	+0.021%	$786K	$3.1M	50x	as long as short