AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.076%

Price spread now: dYdX against Coinbase International+0.001%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1781.783% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.347%−$35 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.001%, 7d avg −0.055%

Together, before fees−0.589%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.056% dearer against Coinbase International than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.055%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.347% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	143.93	0.0336	pay 0.0042% / 1h	10m 24s	$782K	$2.8M	50x
Short	dYdX AAVE-USD	143.93	0	get 0.0000% / 1h	10m 24s	$103K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$70.56
Price spread: +0.001% → −0.055%: $5.58
Slippage, 4 orders: −$158.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$243.33
Costs to cover: 1.783%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; dYdX: live order book, 53 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 Coinbase International live order book, 3 min ago	3.82 bp	13.4 bp −$13	18.1 bp −$181	doesn't fit	doesn't fit
Sell dYdX live order book, 53 min ago	69.43 bp	76.5 bp −$77	190.4 bp −$1,904	209.6 bp −$21.0K	214.1 bp −$107.0K

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	−0.0048%	1h	143.84	−0.063%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0028%	1h	143.64	−0.201%	$228K	$389K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	143.93	+0.001%	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.153%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.72	−0.145%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.843%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.65	−0.194%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.67	−0.181%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0053%	1h	143.79	−0.097%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.097%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.06	+0.089%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.87	−0.041%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.88	−0.035%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.91	−0.016%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.95	+0.015%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.70	−0.157%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.71	−0.153%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.64	−0.201%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.87	−0.042%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.100%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.69	−0.167%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.77	−0.111%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.89	−0.028%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.70	−0.160%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.71	−0.153%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.01	+0.056%	$321K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	−0.190%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.82	−0.079%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	−0.032%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	−0.021%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.87	−0.042%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.84	−0.063%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.66	−0.188%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.85	−0.058%	$693K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.83	−0.069%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.62	−0.217%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.60	−0.232%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.91	−0.015%	$184K	$237K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	−0.007%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	−0.142%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.77	−0.112%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0336%	1h	143.93	long leg	$782K	$2.8M	50x