Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against edgeX+0.195%51s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1711.711% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.209%−$21 on $10k
Price spread, last 4 days (all we have)−0.571%−$57 · spread now +0.195%, 7d avg +0.023%
Together, before fees−0.781%+ Points / potential airdropedgeX: Active · farm board−$78 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.172% dearer against edgeX than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of +0.023%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX AAVEUSDC140.920.0100pay 0.0050% / 4h18m 42s$108K$282K20x
ShortdYdX AAVE-USD141.190get 0.0000% / 1h18m 42s$101K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. 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

Funding earned
−$21
Price spread: +0.195% → +0.023%
$17.18
Slippage, 4 orders
−$152.1
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$174.91
Costs to cover
1.711%
Break-even
never at this rate
Slippage from edgeX: live order book, 19 min ago; dYdX: live order book, 20 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 19 min ago3.54 bp8.0 bp −$811.5 bp −$115doesn't fitdoesn't fit
Sell dYdX live order book, 20 min ago65.21 bp84.8 bp −$85197.8 bp −$1,978215.5 bp −$21.5K217.1 bp −$108.5K

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USDshort0.0000%1h141.19+0.195%$101K$4K10x
Kalshi KXAAVEPERP0.0000%8h141.07+0.109%$45K$1.4M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h141.25+0.237%$213K$392K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.25+0.234%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−2.808%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.17+0.182%20xas long as short
Orderly PERP_AAVE_USDC+0.0082%8h141.20+0.201%$17K$8K10xas long as short
Lighter AAVE+0.0096%1h141.25+0.237%$4.5M$2.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.08+0.116%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h141.17+0.180%$826K$399K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid AAVE+0.0100%1h141.26+0.244%$77.1M$37.2M10xas long as short
Aster AAVEUSDT+0.0100%8h141.11+0.134%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.11+0.141%$328K$391K10xas long as short
Binance AAVEUSDT+0.0100%8h141.05+0.095%$63.3M$191.9M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.10+0.130%$60.7M$69.4M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.08+0.116%$16.6M$64.7M50xas long as short
Arcus AAVE-USD+0.0100%1h141.25+0.237%$91K$221K10xas long as short
Gate AAVE_USDT+0.0100%8h141.19+0.194%$8.0M$16.6M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.11+0.137%$22.7M$24.3M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.09+0.123%$10.3M$9.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.20+0.201%$28.7M$18.0M75xas long as short
BingX AAVE-USDC+0.0100%8h141.15+0.166%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h140.89−0.019%$3.7M$1.2Mas long as short
edgeX AAVEUSDClong+0.0100%4h140.92long leg$108K$282K20x
GRVT AAVE_USDT_Perp+0.0100%8h141.02+0.074%$444K$3.6M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h140.98+0.045%$131K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.26+0.244%$133K$483K10xas long as short
SunX AAVE-USDT+0.0100%8h141.24+0.227%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.23+0.222%$5K$297K10xas long as short
HTX AAVE-USDT+0.0100%8h141.31+0.278%$667K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.23+0.222%$3.9M$3.6M50xas long as short
Bulk AAVE-USD+0.0100%1h141.18+0.187%$163K$106K10xas long as short
Extended AAVE-USD+0.0104%1h141.03+0.084%$909K$1.8M50xas long as short
01 Exchange AAVEUSD+0.0104%1h141.27+0.251%$10K$2K5xas long as short
Aevo AAVE-PERP+0.0104%1h141.26+0.243%$119K$14610xas long as short
Phoenix AAVE+0.0152%1h141.08+0.116%$5K$98K10xas long as short
BloFin AAVE-USDT+0.0220%8h141.21+0.208%$3.3M$3.5M100xas long as short
RISEx AAVE/USDC+0.0245%1h141.21+0.211%$189K$292K10xas long as short
Backpack AAVE_USDC_PERP+0.0250%1h141.36+0.315%$384K$732K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0360%1h141.25+0.234%$110K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0256%1h141.10+0.130%$751K$2.7M50xas long as short
Kraken Futures PF_AAVEUSD+0.0271%1h141.31+0.278%$3.4M$2.1M50xas long as short