AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.052%

Price spread now: Arcus against Coinbase International−0.106%7-day average −0.060% · 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−$48as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.106%, 7d avg −0.060%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.047% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	141.15	0.0256	pay 0.0032% / 1h	23m 56s	$751K	$2.7M	50x
Short	Arcus AAVE-USD	141.00	0.0100	get 0.0013% / 1h	23m 56s	$91K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$32.76
Price spread: −0.106% → −0.060%: −$4.67
Slippage, 4 orders: −$28.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$80.64
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Arcus: live order book, 14 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 Coinbase International live order book, 5 min ago	3.55 bp	14.6 bp −$15	18.9 bp −$189	doesn't fit	doesn't fit
Sell Arcus live order book, 14 min ago	2.12 bp	8.0 bp −$8	24.0 bp −$240	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
dYdX AAVE-USD	0.0000%	1h	140.96	−0.137%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.90	−0.177%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.96	−0.135%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.92	−0.161%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.968%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.89	−0.185%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.91	−0.170%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.12	−0.025%	$4.5M	$2.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.85	−0.216%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.85	−0.209%	$822K	$397K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.09	−0.043%	$77.1M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.01	−0.099%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.89	−0.183%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.91	−0.170%	$63.1M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.92	−0.163%	$60.5M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.94	−0.149%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	141.00	−0.106%	$91K	$221K	10x
Bulk AAVE-USD	+0.0100%	1h	141.09	−0.043%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.98	−0.120%	$8.0M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.93	−0.156%	$22.9M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.95	−0.142%	$10.1M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.91	−0.170%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.92	−0.163%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.88	−0.192%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.09	−0.039%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.010%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.08	−0.050%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.96	−0.135%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.91	−0.171%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.92	−0.163%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.04	−0.077%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.95	−0.142%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.89	−0.186%	$910K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	140.95	−0.142%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.96	−0.138%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	140.98	−0.120%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.89	−0.184%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	140.91	−0.168%	$187K	$291K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0248%	1h	141.07	−0.057%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.94	−0.151%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0256%	1h	141.15	long leg	$751K	$2.7M	50x
Kraken Futures PF_AAVEUSD	+0.0272%	1h	140.98	−0.121%	$3.3M	$2.1M	50x	as long as short