Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%

Price spread now: dYdX against Bitget+0.062%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3243.239% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.062%, 7d avg +0.035%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.027% dearer against Bitget than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.035%): +$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 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	144.81	0.0100	pay 0.0100% / 8h	1h 28m	$30.2M	$18.3M	75x
Short	dYdX AAVE-USD	144.90	0	get 0.0000% / 1h	28m 22s	$103K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$21
Price spread: +0.062% → +0.035%: $2.73
Slippage, 4 orders: −$301.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$342.21
Costs to cover: 3.239%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; dYdX: live order book, 55 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 Bitget live order book, 6 min ago	0.35 bp	10.8 bp −$11	16.9 bp −$169	60.4 bp −$6,039	doesn't fit
Sell dYdX live order book, 55 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
01 Exchange AAVEUSD	−0.0160%	1h	144.84	+0.021%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0059%	1h	144.72	−0.062%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.37	−0.304%	$5K	$100K	10x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	144.90	+0.062%	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.57	−0.166%	$68K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.75	−0.041%	$254K	$480K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.81	+0.001%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0031%	8h	144.79	−0.014%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0032%	8h	144.73	−0.055%	$65.9M	$185.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.421%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.70	−0.075%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.88	+0.048%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.68	−0.090%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.70	−0.076%	$17.6M	$66.8M	50x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.79	−0.014%	$7.8M	$15.9M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.87	+0.040%	$3.5M	$2.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.74	−0.046%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.44	−0.256%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.06	+0.174%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.86	+0.033%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.87	+0.041%	$802K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.86	+0.035%	$79.6M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.89	+0.058%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.91	+0.069%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.75	−0.041%	$61.5M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.85	+0.028%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.375%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.73	−0.055%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	144.81	long leg	$30.2M	$18.3M	75x
BingX AAVE-USDC	+0.0100%	8h	144.73	−0.055%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.95	+0.097%	$381K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.271%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.64	−0.119%	$103K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.64	−0.117%	$134K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.91	+0.069%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.68	−0.087%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.08	+0.185%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.69	−0.083%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.65	−0.112%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0126%	8h	144.71	−0.069%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.80	−0.006%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.84	+0.021%	$784K	$3.0M	50x	as long as short