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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0118%/8h= −12.9% APRnext payment $0.15 per $10,000 · paid last 24h −0.007%
Price spread now: dYdX against Phoenix−0.371%46s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1761.761% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.145%−$14 on $10k
Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.371%, 7d avg −0.047%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.324% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix AAVE143.730.0118pay 0.0015% / 1h56m 06s$4K$108K10x
ShortdYdX AAVE-USD143.200get 0.0000% / 1h56m 06s$102K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. 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
−$24.72
Price spread: −0.371% → −0.047%
−$32.41
Slippage, 4 orders
−$159.07
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$233.2
Costs to cover
1.761%
Break-even
never at this rate
Slippage from Phoenix: live order book, 44 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 44 min ago0.70 bp14.0 bp −$1454.4 bp −$544doesn't fitdoesn't fit
Sell dYdX live order book, 53 min ago69.02 bp74.0 bp −$74138.9 bp −$1,389160.4 bp −$16.0K223.4 bp −$111.7K

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%1h143.20−0.371%$102K$4K10x
Kalshi KXAAVEPERP0.0000%8h143.27−0.320%$47K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.30−0.299%$218K$396K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.31−0.294%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.710%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.27−0.319%20xas long as short
Nado AAVE-PERP+0.0061%1h143.32−0.285%$832K$400K10xas long as short
Orderly PERP_AAVE_USDC+0.0075%8h143.29−0.306%$18K$10K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.37−0.252%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h143.33−0.276%$1.2M$1.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AAVE+0.0100%1h143.29−0.308%$327K$448K10xas long as short
Binance AAVEUSDT+0.0100%8h143.27−0.321%$64.4M$191.9M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.26−0.327%$61.7M$68.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.29−0.306%$17.2M$65.6M50xas long as short
Arcus AAVE-USD+0.0100%1h143.49−0.167%$64K$198K10xas long as short
Bulk AAVE-USD+0.0100%1h143.91+0.125%$58K−$010xas long as short
Gate AAVE_USDT+0.0100%8h143.31−0.292%$8.0M$15.9M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.31−0.292%$25.3M$23.9M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.32−0.285%$10.3M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.28−0.313%$29.3M$18.4M75xas long as short
BingX AAVE-USDC+0.0100%8h143.30−0.299%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h143.39−0.237%$340K$727K10xas long as short
Variational Omni AAVE+0.0100%8h143.75+0.013%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.52−0.144%$107K$281K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.87+0.097%$455K$3.9M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.88+0.104%$134K$221K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.35−0.264%$142K$470K10xas long as short
SunX AAVE-USDT+0.0100%8h143.30−0.302%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.27−0.320%$5K$311K10xas long as short
HTX AAVE-USDT+0.0100%8h143.57−0.112%$681K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.33−0.278%$4.0M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h143.26−0.328%$911K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h143.35−0.268%$121K$14610xas long as short
Phoenix AAVElong+0.0118%1h143.73long leg$4K$108K10x
01 Exchange AAVEUSD+0.0160%1h143.40−0.230%$10K$2K5xas long as short
BloFin AAVE-USDT+0.0220%8h143.17−0.390%$3.3M$3.6M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h143.30−0.297%$112K100xas long as short
RISEx AAVE/USDC+0.0256%1h143.41−0.223%$196K$263K10xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h143.40−0.230%$765K$2.9M50xas long as short
Lighter AAVE+0.0304%1h143.49−0.167%$4.5M$2.4M10xas long as short
Kraken Futures PF_AAVEUSD+0.0314%1h143.38−0.247%$3.4M$2.1M50xas long as short
Hyperliquid AAVE+0.0339%1h143.49−0.167%$78.4M$37.3M10xas long as short