AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.009%

Price spread now: dYdX against SoDEX+0.057%7-day average +0.028% · 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−$294as in the Price arb table

costs, in and out, $10k−$2972.968% of the position

Long on SoDEX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.057%, 7d avg +0.028%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.029% dearer against SoDEX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 3 days (−0.013% in total) that is about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	142.35	0.0100	pay 0.0013% / 1h	14m 30s	$5K	$285K	10x
Short	dYdX AAVE-USD	142.43	0	get 0.0000% / 1h	14m 30s	$102K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SoDEX. 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 SoDEXbpFee dYdXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21
Price spread: +0.057% → +0.028%: $2.91
Slippage, 4 orders: −$278.79
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$314.88
Costs to cover: 2.968%
Break-even: never at this rate

Slippage from SoDEX: live order book, 29 min ago; dYdX: live order book, 29 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 SoDEX live order book, 29 min ago	0.35 bp	5.0 bp −$5	9.5 bp −$95	96.4 bp −$9,636	doesn't fit
Sell dYdX live order book, 29 min ago	69.69 bp	212.1 bp −$212	213.2 bp −$2,132	213.4 bp −$21.3K	233.7 bp −$116.9K

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-USDshort	0.0000%	1h	142.43	+0.057%	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.35	0.000%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.35	0.000%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.32	−0.022%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.786%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.29	−0.045%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0069%	1h	142.33	−0.011%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.30	−0.035%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.55	+0.140%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.53	+0.127%	$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	142.30	−0.034%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.41	+0.044%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.38	+0.021%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.37	+0.014%	$64.0M	$188.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.35	0.000%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.36	+0.007%	$17.0M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.46	+0.077%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	+0.170%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.37	+0.014%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.37	+0.014%	$24.5M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.37	+0.014%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.33	−0.014%	$29.1M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.34	−0.007%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.007%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.48	+0.090%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.68	+0.232%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.51	+0.112%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.43	+0.056%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.29	−0.040%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	142.35	long leg	$5K	$285K	10x
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.077%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.36	+0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.29	−0.043%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.35	−0.001%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.42	+0.049%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0155%	1h	142.49	+0.098%	$393K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0194%	1h	142.49	+0.098%	$77.9M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.30	−0.035%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.31	−0.025%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.43	+0.059%	$191K	$269K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.81	+0.323%	$757K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.46	+0.076%	$3.4M	$2.1M	50x	as long as short