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 −0.087%

Price spread now: SoDEX against Coinbase International−0.134%7-day average −0.091% · 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−$43as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.134%, 7d avg −0.091%

Together, before fees−0.032%−$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 SoDEX is 0.043% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	141.70	0.0256	pay 0.0032% / 1h	59m 56s	$754K	$2.7M	50x
Short	SoDEX AAVE-USD	141.51	0.0100	get 0.0013% / 1h	59m 56s	$5K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$32.76
Price spread: −0.134% → −0.091%: −$4.29
Slippage, 4 orders: −$20.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$75.51
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; SoDEX: live order book, 39 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, 4 min ago	4.24 bp	13.9 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell SoDEX live order book, 39 min ago	0.35 bp	5.1 bp −$5	10.0 bp −$100	91.8 bp −$9,185	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	141.63	−0.053%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.55	−0.106%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.54	−0.113%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.54	−0.114%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.345%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.45	−0.176%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	141.50	−0.141%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.74	+0.030%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.55	−0.107%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.49	−0.148%	$825K	$398K	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	141.70	0.000%	$77.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.59	−0.076%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.56	−0.097%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.53	−0.119%	$63.7M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.50	−0.141%	$60.9M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.50	−0.141%	$16.6M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.71	+0.007%	$92K	$222K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.57	−0.092%	$8.1M	$16.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.53	−0.120%	$23.0M	$24.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.58	−0.085%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.51	−0.134%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.54	−0.113%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	−0.123%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.28	−0.296%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	−0.298%	$451K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.24	−0.325%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.55	−0.106%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.51	−0.131%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	141.51	−0.134%	$5K	$298K	10x
HTX AAVE-USDT	+0.0100%	8h	141.57	−0.090%	$668K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.54	−0.113%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.32	−0.268%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.47	−0.165%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.55	−0.108%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.61	−0.064%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.39	−0.219%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.58	−0.085%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.61	−0.065%	$185K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0247%	1h	141.69	−0.007%	$385K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.52	−0.125%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0256%	1h	141.70	long leg	$754K	$2.7M	50x
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.59	−0.077%	$3.4M	$2.1M	50x	as long as short