Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.010%

Price spread now: Binance against dYdX−0.051%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$306as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3183.182% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.051%, 7d avg −0.007%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.044% cheaper against dYdX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.12	0	get 0.0000% / 1h	9m 33s	$103K	$5K	10x
Short	Binance AAVEUSDT	144.05	0.0049	get 0.0049% / 8h	2h 09m	$65.6M	$184.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.29
Price spread: −0.051% → −0.007%: −$4.41
Slippage, 4 orders: −$298.19
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$312.3
Costs to cover: 3.182%
Break-even: 219.4 days

Slippage from dYdX: live order book, 14 min ago; Binance: live order book, 4 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 dYdX live order book, 14 min ago	146.85 bp	151.8 bp −$152	151.8 bp −$1,518	151.8 bp −$15.2K	292.6 bp −$146.3K
Sell Binance live order book, 4 min ago	0.35 bp	7.6 bp −$8	15.0 bp −$150	43.4 bp −$4,343	149.0 bp −$74.5K

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
Deribit AAVE_USDC-PERPETUAL	−0.0304%	1h	144.30	+0.123%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0141%	1h	144.26	+0.095%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	144.12	−0.002%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	−0.016%	$5K	$101K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.12	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.19	+0.046%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.38	+0.181%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.33	+0.144%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.970%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.06	−0.045%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0049%	8h	144.03	−0.065%	$31.2M	$26.4M	200x	as long as short
Binance AAVEUSDTshort	+0.0049%	8h	144.05	−0.051%	$65.6M	$184.8M	75x
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.29	+0.116%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.05	−0.051%	$17.4M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0058%	1h	144.02	−0.072%	$134K	$230K	50x	as long as short
Gate AAVE_USDT	+0.0060%	8h	144.08	−0.030%	$7.8M	$15.9M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	−0.103%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.02	−0.072%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.24	+0.080%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.32	+0.136%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.12	0.000%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.02	−0.070%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.05	−0.047%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.21	+0.060%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.08	−0.032%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.07	−0.038%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.09	−0.023%	$61.3M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.09	−0.023%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.12	−0.002%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.13	+0.005%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.04	−0.058%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.28	+0.109%	$381K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	−0.078%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.99	−0.090%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.17	+0.032%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.27	+0.100%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.43	+0.209%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.25	+0.088%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.04	−0.056%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.05	−0.051%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.268%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.36	+0.166%	$124K	—	100x	as long as short