AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against dYdX−0.137%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1651.651% of the position

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.501%+$50 · spread now −0.137%, 7d avg −0.031%

Together, before fees+0.516%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.105% cheaper against dYdX than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.031%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.015% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	141.36	0	get 0.0000% / 1h	41m 17s	$102K	$6K	10x
Short	SoDEX AAVE-USD	141.17	0.0097	get 0.0012% / 1h	41m 17s	$5K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $20.36
Price spread: −0.137% → −0.031%: −$10.53
Slippage, 4 orders: −$147.15
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$155.31
Costs to cover: 1.651%
Break-even: 60.4 days

Slippage from dYdX: live order book, 58 min ago; SoDEX: live order book, 57 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, 58 min ago	65.21 bp	70.2 bp −$70	70.2 bp −$702	70.2 bp −$7,021	71.3 bp −$35.7K
Sell SoDEX live order book, 57 min ago	0.35 bp	5.1 bp −$5	10.0 bp −$100	91.8 bp −$9,185	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	−0.0104%	1h	141.20	−0.115%	$213K	$392K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	141.36	long leg	$102K	$6K	10x
Kalshi KXAAVEPERP	0.0000%	8h	141.44	+0.054%	$52K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.20	−0.117%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.115%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.21	−0.110%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0087%	8h	141.19	−0.122%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.29	−0.052%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.125%	$4K	$99K	10x	as long as short
SoDEX AAVE-USDshort	+0.0097%	1h	141.17	−0.137%	$5K	$299K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.25	−0.078%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.28	−0.055%	$826K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.40	+0.026%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.26	−0.074%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.32	−0.030%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.13	−0.167%	$63.4M	$191.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.20	−0.115%	$60.9M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.20	−0.115%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.41	+0.033%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	+0.094%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.28	−0.059%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.27	−0.066%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.28	−0.059%	$10.2M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.28	−0.059%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.26	−0.073%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.51	+0.105%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.51	+0.104%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.42	+0.040%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.60	+0.168%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.31	−0.037%	$134K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.22	−0.098%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.37	+0.004%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.24	−0.087%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.13	−0.162%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.23	−0.097%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0184%	1h	141.40	+0.025%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0193%	1h	141.44	+0.054%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.26	−0.073%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.19	−0.122%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.31	−0.039%	$172K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.27	−0.066%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.44	+0.054%	$110K	—	100x	as long as short