Funding you earn now, next payment 22:00 UTC−0.0301%/8h= −33.0% APRnext payment −$0.38 per $10,000 · paid last 24h −0.056%
Price spread now: SoDEX against Arcus−0.104%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 3 days (all we have)−0.080%−$8 on $10k
+Price spread, last 3 days (all we have)+0.270%+$27 · spread now −0.104%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.077% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAVE-USD | 144.41 | 0.0100 | pay 0.0013% / 1h | 31m 47s | $50K | $274K | 10x |
| Short | SoDEX AAVE-USD | 144.26 | −0.0201 | pay 0.0025% / 1h | 31m 47s | $5K | $299K | 10x |
Arcus AAVE-USD
SoDEX AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.24
- Price spread: −0.104% → −0.026%
- −$7.74
- Slippage, 4 orders
- −$17.86
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$101.34
- Costs to cover
- 0.304%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 56 min ago; SoDEX: 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 Arcus live order book, 56 min ago | 4.06 bp | 11.1 bp −$11 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 56 min ago | 0.34 bp | 5.7 bp −$6 | 10.0 bp −$100 | 96.6 bp −$9,661 | 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-PERPETUAL | −0.0442% | 1h | 144.31 | −0.069% | $248K | $483K | 50x | as long as short |
| SoDEX AAVE-USDshort | −0.0201% | 1h | 144.26 | −0.104% | $5K | $299K | 10x | |
| 01 Exchange AAVEUSD | −0.0136% | 1h | 144.33 | −0.055% | $11K | $2K | 5x | as long as short |
| Phoenix AAVE | −0.0044% | 1h | 144.43 | +0.014% | $4K | $101K | 10x | as long as short |
| ApeX Omni AAVEUSDT | −0.0026% | 1h | 144.08 | −0.229% | $134K | $229K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.40 | −0.004% | $103K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.32 | −0.062% | $71K | $1.6M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.41 | +0.003% | $70K | — | 150x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0012% | 1h | 144.42 | +0.004% | $3.4M | $2.1M | 50x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.159% | $422 | $51K | 12x | as long as short |
Deribit AAVE_USDC-PERPETUAL
01 Exchange AAVEUSD
Phoenix AAVE
ApeX Omni AAVEUSDT
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Kraken Futures PF_AAVEUSD
Injective AAVE/USDC PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.30 | −0.073% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0051% | 8h | 144.40 | −0.007% | $17.5M | $65.7M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0054% | 8h | 144.32 | −0.062% | $18K | $12K | 10x | as long as short |
| Gate AAVE_USDT | +0.0055% | 8h | 144.39 | −0.014% | $7.7M | $15.8M | 75x | as long as short |
| Binance AAVEUSDT | +0.0063% | 8h | 144.41 | 0.000% | $65.7M | $183.4M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0064% | 8h | 144.40 | −0.007% | $31.7M | $26.2M | 200x | as long as short |
| Nado AAVE-PERP | +0.0089% | 1h | 144.35 | −0.042% | $801K | $436K | 10x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0094% | 8h | 144.35 | −0.039% | $455K | $3.9M | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.62 | +0.148% | $4.6M | $1.6M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0096% | 1h | 144.34 | −0.051% | $122K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0097% | 1h | 144.45 | +0.028% | $180K | $241K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.45 | +0.027% | $14K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.51 | +0.069% | $80.2M | $33.0M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.35 | −0.039% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.46 | +0.032% | $329K | $505K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.43 | +0.014% | $61.5M | $65.4M | 75x | as long as short |
| Arcus AAVE-USDlong | +0.0100% | 1h | 144.41 | long leg | $50K | $274K | 10x | |
| Bulk AAVE-USD | +0.0100% | 1h | 144.61 | +0.142% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.45 | +0.028% | $10.3M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.40 | −0.007% | $30.1M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 144.41 | 0.000% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.45 | +0.028% | $377K | $702K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.08 | −0.229% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.26 | −0.103% | $100K | $313K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.41 | 0.000% | $126K | $468K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.33 | −0.054% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.47 | +0.042% | $724K | $4.9M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.33 | −0.055% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 144.32 | −0.065% | $928K | $1.8M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0187% | 8h | 144.33 | −0.055% | $3.5M | $5.3M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0248% | 1h | 144.36 | −0.035% | $777K | $3.0M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0266% / S −0.0438% | 1h | 144.41 | +0.003% | $124K | — | 100x | as long as short |
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
Binance AAVEUSDT
MEXC AAVE_USDT
Nado AAVE-PERP
GRVT AAVE_USDT_Perp
Lighter AAVE
Aevo AAVE-PERP
RISEx AAVE/USDC
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX
GMX AAVE/USD [AAVE-USDC]