AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.293%

Price spread now: Phoenix against Deribit+0.110%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.110% dearer against Deribit than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Deribit AAVE_USDC-PERPETUAL	145.19	−0.0094	get 0.0012% / 1h	53m 25s	$246K	$477K	50x
Short	Phoenix AAVE	145.35	−0.0044	pay 0.0005% / 1h	53m 25s	$4K	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.110%Rate

Funding earned: $10.53
Price spread: +0.110% → 0.000%: $11.02
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $7.55
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: Deribit: live order book, 30 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 30 min ago	14.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0213%	1h	145.13	−0.041%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.35	+0.110%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	+0.076%	$135K	$229K	50x	as long as short
Deribit AAVE_USDC-PERPETUALlong	−0.0094%	1h	145.19	long leg	$246K	$477K	50x
Phoenix AAVEshort	−0.0044%	1h	145.35	+0.110%	$4K	$101K	10x
dYdX AAVE-USD	0.0000%	1h	145.31	+0.083%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.18	−0.007%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.36	+0.116%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.24	+0.032%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.668%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.33	+0.099%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.22	+0.021%	$17.8M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.20	+0.007%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0079%	8h	145.28	+0.062%	$7.8M	$15.5M	75x	as long as short
Binance AAVEUSDT	+0.0082%	8h	145.27	+0.055%	$66.0M	$181.0M	75x	as long as short
MEXC AAVE_USDT	+0.0082%	8h	145.31	+0.083%	$32.3M	$26.0M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.38	+0.134%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	+0.134%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	+0.045%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.32	+0.093%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.44	+0.172%	$81.4M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.25	+0.043%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.26	+0.048%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.31	+0.083%	$62.0M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.33	+0.096%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.726%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.31	+0.083%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.29	+0.069%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.30	+0.076%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.31	+0.083%	$347K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.120%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+0.190%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.328%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.40	+0.145%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.12	−0.047%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.25	+0.045%	$739K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.22	+0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.19	+0.001%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.96	−0.158%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.59	+0.276%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.35	+0.110%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.37	+0.122%	$125K	—	100x	as long as short