AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.297%

Price spread now: Deribit against Aevo−0.018%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$880.875% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.504%−$50 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.018%, 7d avg −0.029%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.32	0.0104	pay 0.0013% / 1h	40m 05s	$120K	$146	10x
Short	Deribit AAVE_USDC-PERPETUAL	142.30	−0.0031	pay 0.0004% / 1h	40m 05s	$217K	$393K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$28.35
Price spread: −0.018% → −0.029%: $1.17
Slippage, 4 orders: −$64.54
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$114.71
Costs to cover: 0.875%
Break-even: never at this rate

Slippage from Aevo: live order book, 9 min ago; Deribit: live order book, 4 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 Aevo live order book, 9 min ago	21.97 bp	32.9 bp −$33	197.3 bp −$1,973	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	4.55 bp	8.1 bp −$8	15.5 bp −$155	doesn't fit	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-PERPETUALshort	−0.0031%	1h	142.30	−0.018%	$217K	$393K	50x
Nado AAVE-PERP	−0.0011%	1h	142.17	−0.109%	$828K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.15	−0.120%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.63	+0.214%	$55K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.28	−0.032%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.769%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.16	−0.113%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	142.28	−0.032%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0083%	8h	142.36	+0.025%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.19	−0.095%	$10K	$2K	5x	as long as short

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	142.07	−0.180%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.50	+0.119%	$77.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.37	+0.034%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	−0.130%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.35	+0.021%	$63.5M	$189.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.32	−0.003%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.27	−0.039%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.22	−0.074%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	+0.139%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.34	+0.011%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.34	+0.011%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.29	−0.025%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.23	−0.067%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.33	+0.004%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.47	+0.102%	$334K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	+0.061%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	+0.262%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.99	+0.467%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.65	+0.228%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.25	−0.053%	$133K	$459K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.28	−0.031%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.29	−0.025%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.43	+0.072%	$680K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.23	−0.064%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.32	long leg	$120K	$146	10x
Phoenix AAVE	+0.0118%	1h	143.00	+0.474%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.20	−0.091%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.074%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.36	+0.027%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	−0.051%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.51	+0.130%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.24	−0.060%	$782K	$2.8M	50x	as long as short