AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.064%

Price spread now: Coinbase International against dYdX+0.080%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3303.302% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.331%+$33 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.080%, 7d avg +0.054%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.026% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.54	0	get 0.0000% / 1h	6m 08s	$102K	$5K	10x
Short	Coinbase International AAVE-PERP-INTX	143.66	0.0248	get 0.0031% / 1h	6m 08s	$770K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.080%Rate

Funding earned: $52.08
Price spread: +0.080% → +0.054%: $2.59
Slippage, 4 orders: −$310.23
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$275.56
Costs to cover: 3.302%
Break-even: 44.0 days

Slippage from dYdX: live order book, 18 min ago; Coinbase International: live order book, 3 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, 18 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 Coinbase International live order book, 3 min ago	3.81 bp	13.4 bp −$13	16.9 bp −$169	doesn't fit	doesn't fit

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	−0.0168%	1h	143.51	−0.024%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0138%	1h	143.46	−0.059%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	143.38	−0.115%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.387%	$5K	$101K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.54	long leg	$102K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.50	−0.031%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.47	−0.049%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.61	+0.046%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.587%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.36	−0.130%	—	—	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	+0.0047%	8h	143.52	−0.017%	$30.9M	$26.4M	200x	as long as short
Binance AAVEUSDT	+0.0047%	8h	143.56	+0.010%	$65.4M	$185.3M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.38	−0.115%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.56	+0.010%	$17.3M	$65.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	144.02	+0.331%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.54	−0.003%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.300%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.366%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.74	+0.133%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.47	−0.052%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.46	−0.062%	$178K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.43	−0.084%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.41	−0.091%	$796K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.66	+0.080%	$79.4M	$33.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.59	+0.031%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.40	−0.101%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.58	+0.024%	$61.1M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.41	−0.094%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.51	−0.024%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.49	−0.038%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.56	+0.010%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	+0.080%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	+0.325%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.359%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.45	−0.066%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.37	−0.125%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.87	+0.229%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.56	+0.010%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.40	−0.103%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0167%	8h	143.40	−0.101%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0248%	1h	143.66	+0.080%	$770K	$3.0M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.45	−0.065%	$123K	—	100x	as long as short