AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.040%

Price spread now: Pacifica against Coinbase International−0.143%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.143%, 7d avg −0.058%

Together, before fees−0.088%+ Points / potential airdropPacifica: Active · farm board−$9 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 Pacifica is 0.085% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	146.32	0.0280	pay 0.0035% / 1h	10m 48s	$790K	$3.0M	50x
Short	Pacifica AAVE	146.11	0.0100	get 0.0013% / 1h	10m 48s	$333K	$504K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.143%Rate

Funding earned: −$37.8
Price spread: −0.143% → −0.058%: −$8.49
Slippage, 4 orders: −$23.65
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$87.94
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 3 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, 3 min ago	4.78 bp	13.1 bp −$13	16.3 bp −$163	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	2.39 bp	6.5 bp −$7	doesn't fit	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
SoDEX AAVE-USD	−0.0117%	1h	145.90	−0.287%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	145.96	−0.246%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	−0.041%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.23	−0.060%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.06	−0.178%	$83K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.98	−0.232%	$255K	$391K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.05	−0.182%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.00	−0.215%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0032%	8h	146.04	−0.194%	$66.6M	$186.7M	75x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	146.04	−0.191%	$29.8M	$26.1M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.397%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.91	−0.281%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.91	−0.280%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	146.02	−0.205%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0072%	8h	146.04	−0.191%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.94	−0.260%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.15	−0.118%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.10	−0.152%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.02	−0.205%	$804K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.21	−0.075%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.02	−0.205%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	146.11	−0.143%	$333K	$504K	10x
Bybit AAVEUSDT	+0.0100%	8h	146.05	−0.185%	$62.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.00	−0.219%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	−0.059%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.05	−0.185%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.01	−0.212%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.01	−0.212%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.02	−0.205%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.93	−0.264%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.13	−0.130%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	−0.107%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.12	−0.137%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.02	−0.205%	$127K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.91	−0.277%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.23	−0.059%	$692K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.03	−0.198%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.02	−0.207%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.01	−0.211%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0130%	8h	145.93	−0.267%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.02	−0.204%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0280%	1h	146.32	long leg	$790K	$3.0M	50x