AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.025%

Price spread now: dYdX against SoDEX+0.086%7-day average +0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2012.009% of the position

Long on SoDEX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.205%−$20 · spread now +0.086%, 7d avg +0.028%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.058% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	145.73	−0.0037	get 0.0005% / 1h	4m 07s	$5K	$302K	10x
Short	dYdX AAVE-USD	145.86	0	get 0.0000% / 1h	4m 07s	$104K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SoDEX. 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 SoDEXbpFee dYdXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $7.78
Price spread: +0.086% → +0.028%: $5.78
Slippage, 4 orders: −$182.93
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$187.37
Costs to cover: 2.009%
Break-even: 175.5 days

Slippage from SoDEX: live order book, 4 min ago; dYdX: live order book, 5 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 SoDEX live order book, 4 min ago	0.34 bp	5.3 bp −$5	10.8 bp −$108	99.6 bp −$9,961	doesn't fit
Sell dYdX live order book, 5 min ago	67.94 bp	77.4 bp −$77	206.2 bp −$2,062	387.0 bp −$38.7K	871.7 bp −$435.9K

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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.82	+0.061%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.73	0.000%	$11K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0037%	1h	145.73	long leg	$5K	$302K	10x
dYdX AAVE-USDshort	0.0000%	1h	145.86	+0.086%	$104K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.72	−0.007%	$66K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.22	+0.336%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.80	+0.048%	$254K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.88	+0.103%	$71K	—	150x	as long as short
Phemex AAVEUSDT	+0.0017%	8h	145.78	+0.034%	$4.2M	$3.8M	50x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.62	−0.075%	$28.4M	$26.0M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0029%	8h	145.58	−0.103%	$65.9M	$183.3M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.018%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	145.77	+0.027%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.79	+0.038%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	145.44	−0.199%	$17.7M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0065%	1h	146.47	+0.508%	$136K	$231K	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.79	+0.039%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.91	+0.121%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.92	+0.131%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.80	+0.046%	$798K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.71	−0.012%	$79.4M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.77	+0.025%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.88	+0.102%	$333K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.57	−0.110%	$62.3M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	+0.069%	$46K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.66	−0.048%	$7.9M	$15.4M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.74	+0.007%	$11.0M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.66	−0.048%	$30.2M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.62	−0.075%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.70	−0.021%	$333K	$743K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	−0.241%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.11	+0.261%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.52	+0.542%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.85	+0.082%	$126K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	+0.038%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.89	+0.113%	$708K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.377%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.69	−0.029%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.82	+0.060%	$185K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0109%	8h	145.51	−0.151%	$3.5M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	145.86	+0.087%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.92	+0.130%	$781K	$2.9M	50x	as long as short