AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.027%

Price spread now: Gate against BloFin−0.048%93s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as 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−$500.501% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)−0.522%−$52 · spread now −0.048%, 7d avg −0.013%

Together, before fees−0.758%−$76 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 Gate is 0.035% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 93 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	144.43	0.0220	pay 0.0220% / 8h	5h 17m	$3.4M	$3.5M	100x
Short	Gate AAVE_USDT	144.36	0.0100	get 0.0100% / 8h	5h 17m	$7.9M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$25.2
Price spread: −0.048% → −0.013%: −$3.5
Slippage, 4 orders: −$23.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.79
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago	0.35 bp	9.7 bp −$10	13.8 bp −$138	29.8 bp −$2,982	doesn't fit
Sell Gate live order book, 1 min ago	2.08 bp	16.7 bp −$17	27.4 bp −$274	42.3 bp −$4,230	48.3 bp −$24.1K

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
01 Exchange AAVEUSD	−0.0048%	1h	144.37	−0.042%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.32	−0.075%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.18	−0.173%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.18	−0.173%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.21	−0.153%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.172%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.21	−0.149%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.20	−0.159%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0048%	1h	144.24	−0.130%	$833K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.46	+0.021%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.56	+0.089%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.37	−0.043%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.48	+0.035%	$78.2M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.39	−0.025%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.40	−0.019%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.41	−0.017%	$64.6M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.41	−0.014%	$61.6M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.39	−0.028%	$17.3M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.40	−0.021%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.358%	$58K	$2K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	144.36	−0.048%	$7.9M	$15.2M	75x
MEXC AAVE_USDT	+0.0100%	8h	144.42	−0.007%	$26.2M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.42	−0.007%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.41	−0.014%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.38	−0.035%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	−0.014%	$322K	$693K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	−0.008%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.40	−0.019%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.31	−0.086%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.007%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.29	−0.097%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.17	−0.180%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.22	−0.145%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.39	−0.027%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.31	−0.083%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.35	−0.057%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.22	−0.145%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.43	−0.003%	$188K	$235K	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	144.43	long leg	$3.4M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.21	−0.154%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.35	−0.053%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.318%	$783K	$2.8M	50x	as long as short