AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Polymarket Perps+0.033%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs−$346as in the Price arb table

costs, in and out, $10k−$3523.524% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.033%, 7d avg −0.035%

Together, before fees−0.450%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.068% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.035%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	145.74	0.0100	pay 0.0013% / 1h	23m 06s	$127K	$457K	10x
Short	dYdX AAVE-USD	145.79	0	get 0.0000% / 1h	23m 06s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$21
Price spread: +0.033% → −0.035%: $6.85
Slippage, 4 orders: −$334.35
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$366.5
Costs to cover: 3.524%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 54 min ago; dYdX: live order book, 56 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 Polymarket Perps live order book, 54 min ago	2.41 bp	8.4 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell dYdX live order book, 56 min ago	158.47 bp	171.6 bp −$172	178.5 bp −$1,785	205.7 bp −$20.6K	437.8 bp −$218.9K

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
SoDEX AAVE-USD	−0.0069%	1h	145.77	+0.021%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	+0.137%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	145.68	−0.041%	$11K	$2K	5x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	145.79	+0.033%	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.74	0.000%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.79	+0.034%	$255K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	+0.098%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.75	+0.009%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.024%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.77	+0.021%	$66.4M	$186.3M	75x	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	+0.0041%	8h	145.76	+0.014%	$29.8M	$26.0M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.080%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.72	−0.014%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	145.83	+0.062%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0075%	8h	145.76	+0.014%	$17.9M	$67.6M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.77	+0.024%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.99	+0.174%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.70	−0.030%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.63	−0.075%	$801K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.94	+0.137%	$80.5M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.91	+0.118%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.70	−0.029%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.79	+0.034%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.67	−0.048%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.226%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.86	+0.082%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.72	−0.014%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.82	+0.055%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	+0.117%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.225%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.77	+0.019%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.201%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.014%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	145.74	long leg	$127K	$457K	10x
SunX AAVE-USDT	+0.0100%	8h	145.59	−0.100%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	+0.049%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.80	+0.041%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.73	−0.008%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.71	−0.024%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.75	+0.007%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.70	−0.024%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.90	+0.110%	$786K	$3.0M	50x	as long as short