AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.2% APRnext payment −$1.21 per $10,000 · paid last 24h −0.036%

Price spread now: Binance against BloFin−0.110%71s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.333% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 3 days (all we have)−0.219%−$22 · spread now −0.110%, 7d avg −0.004%

Together, before fees−0.445%−$44 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 Binance is 0.106% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	145.12	0.0199	pay 0.0199% / 8h	2h 46m	$3.5M	$5.3M	100x
Short	Binance AAVEUSDT	144.96	0.0078	get 0.0078% / 8h	2h 46m	$65.9M	$181.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.110%Rate

Funding earned: −$25.4
Price spread: −0.110% → −0.004%: −$10.58
Slippage, 4 orders: −$11.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.24
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 12 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 BloFin live order book, 3 min ago	0.69 bp	9.4 bp −$9	15.3 bp −$153	37.6 bp −$3,764	doesn't fit
Sell Binance live order book, 12 min ago	0.34 bp	7.6 bp −$8	14.1 bp −$141	41.5 bp −$4,155	148.5 bp −$74.2K

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	−0.0370%	1h	145.01	−0.076%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0186%	1h	144.95	−0.117%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	−0.028%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	−0.007%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.16	+0.028%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.20	+0.055%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.10	−0.013%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.16	+0.026%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0019%	1h	145.02	−0.069%	$135K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.623%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.06	−0.044%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.01	−0.076%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	145.01	−0.076%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	144.96	−0.110%	$7.7M	$15.6M	75x	as long as short
Nado AAVE-PERP	+0.0077%	1h	145.08	−0.029%	$805K	$444K	10x	as long as short
Binance AAVEUSDTshort	+0.0078%	8h	144.96	−0.110%	$65.9M	$181.8M	75x
MEXC AAVE_USDT	+0.0079%	8h	144.93	−0.131%	$32.2M	$26.1M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.17	+0.032%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.15	+0.021%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.08	−0.029%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.12	0.000%	$81.1M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.08	−0.027%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.10	−0.010%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.02	−0.069%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.10	−0.014%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	+0.012%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.94	−0.124%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.00	−0.083%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.96	−0.110%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.05	−0.048%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.98	−0.099%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.18	+0.041%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.21	+0.062%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.12	0.000%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.96	−0.114%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.36	+0.168%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.04	−0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.96	−0.114%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.03	−0.063%	$122K	$146	10x	as long as short
BloFin AAVE-USDTlong	+0.0199%	8h	145.12	long leg	$3.5M	$5.3M	100x
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.221%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.10	−0.011%	$125K	—	100x	as long as short