AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.336%

Price spread now: Coinbase International against Deribit+0.007%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.637%+$64 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.007%, 7d avg +0.088%

Together, before fees+0.555%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.081% cheaper against Deribit than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.088%). If the spread goes back, that is −$8 on $10k: about 19 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	143.08	0	get 0.0000% / 1h	29m 21s	$221K	$400K	50x
Short	Coinbase International AAVE-PERP-INTX	143.09	0.0336	get 0.0042% / 1h	29m 21s	$793K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.007%Rate

Funding earned: $70.56
Price spread: +0.007% → +0.088%: −$8.11
Slippage, 4 orders: −$29.59
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $15.86
Costs to cover: 0.466%
Break-even: 5.4 days

Slippage from Deribit: live order book, 25 min ago; Coinbase International: live order book, 5 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 Deribit live order book, 25 min ago	5.26 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.81 bp	14.3 bp −$14	20.1 bp −$201	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
01 Exchange AAVEUSD	−0.0160%	1h	142.95	−0.091%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.02	−0.042%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.67	−0.287%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.0000%	1h	143.08	long leg	$221K	$400K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	−0.004%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	143.00	−0.052%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.277%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.08	+0.001%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.02	−0.042%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	−0.035%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0076%	1h	143.05	−0.021%	$5K	$292K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.10	+0.016%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	−0.064%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.14	+0.042%	$77.1M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.10	+0.014%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.02	−0.039%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.05	−0.019%	$64.0M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.03	−0.035%	$61.2M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.00	−0.056%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.09	+0.007%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−1.108%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.09	+0.007%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.07	−0.007%	$25.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.02	−0.042%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.95	−0.091%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.06	−0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.29	+0.147%	$337K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	−0.266%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	−0.296%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	−0.231%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.16	−0.643%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.10	+0.014%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.05	−0.023%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.17	+0.062%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.01	−0.049%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.91	−0.120%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.09	+0.007%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.05	−0.022%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.76	−0.224%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.08	−0.001%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.15	+0.049%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0336%	1h	143.09	+0.007%	$793K	$2.8M	50x