AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Arcus+0.143%7-day average +0.004% · 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−$153as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.143%, 7d avg +0.004%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.139% dearer against Arcus than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.004%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	145.43	0.0100	pay 0.0013% / 1h	55m 33s	$46K	$278K	10x
Short	dYdX AAVE-USD	145.64	0	get 0.0000% / 1h	55m 33s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Arcus. 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 ArcusbpFee dYdXbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$21
Price spread: +0.143% → +0.004%: $13.95
Slippage, 4 orders: −$152.9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$174.45
Costs to cover: 1.674%
Break-even: never at this rate

Slippage from Arcus: live order book, 18 min ago; dYdX: live order book, 18 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 Arcus live order book, 18 min ago	2.05 bp	8.3 bp −$8	23.8 bp −$238	doesn't fit	doesn't fit
Sell dYdX live order book, 18 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
ApeX Omni AAVEUSDT	−0.0529%	1h	145.50	+0.048%	$135K	$229K	50x	as long as short
Phemex AAVEUSDT	−0.0215%	8h	145.84	+0.282%	$4.1M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.99	+0.384%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	−0.0109%	8h	145.52	+0.062%	$7.8M	$15.2M	75x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	145.32	−0.076%	$11K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0046%	8h	145.43	0.000%	$62.0M	$66.0M	75x	as long as short
Phoenix AAVE	−0.0027%	1h	145.79	+0.248%	$5K	$102K	10x	as long as short
GRVT AAVE_USDT_Perp	−0.0027%	8h	145.42	−0.006%	$456K	$3.9M	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	145.84	+0.282%	$255K	$391K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	145.64	+0.143%	$104K	$5K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXAAVEPERP	0.0000%	8h	145.79	+0.248%	$77K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.84	+0.282%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0025%	8h	145.54	+0.076%	$29.3M	$25.6M	200x	as long as short
Binance AAVEUSDT	+0.0026%	8h	145.42	−0.010%	$66.0M	$187.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.824%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.37	−0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.80	+0.254%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	145.38	−0.034%	$17.8M	$67.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.86	+0.296%	$123K	$146	10x	as long as short
SoDEX AAVE-USD	+0.0096%	1h	145.82	+0.268%	$5K	$305K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.75	+0.221%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.46	+0.022%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.38	−0.034%	$795K	$449K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.78	+0.241%	$79.6M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.58	+0.100%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.62	+0.129%	$332K	$504K	10x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	145.43	long leg	$46K	$278K	10x
Bulk AAVE-USD	+0.0100%	1h	145.52	+0.065%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.72	+0.199%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.38	−0.034%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.50	+0.048%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.96	+0.364%	$348K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.84	+0.279%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.42	−0.006%	$105K	$316K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.47	+0.028%	$127K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.68	+0.169%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.86	+0.294%	$690K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.42	−0.008%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.45	+0.015%	$184K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0108%	8h	145.45	+0.014%	$3.4M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.82	+0.269%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.64	+0.144%	$780K	$3.1M	50x	as long as short