Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.008%
Price spread now: Phoenix against dYdX+0.032%46s7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 3 days (all we have)+0.277%+$28 · spread now +0.032%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.023% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you. The two prices were read 46 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 | dYdX AAVE-USD | 146.13 | 0 | get 0.0000% / 1h | 28m 21s | $104K | $5K | 10x |
| Short | Phoenix AAVE | 146.18 | −0.0027 | pay 0.0003% / 1h | 28m 21s | $5K | $99K | 10x |
dYdX AAVE-USD
Phoenix AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against dYdX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.76
- Price spread: +0.032% → +0.056%
- −$2.31
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$25.07
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: dYdX: live order book, 50 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 dYdX live order book, 50 min ago | 158.47 bp | 165.3 bp −$165 | 165.5 bp −$1,655 | 165.5 bp −$16.6K | 265.7 bp −$132.9K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAVE_USDC-PERPETUAL | −0.0092% | 1h | 146.16 | +0.019% | $255K | $394K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0079% | 1h | 146.15 | +0.012% | $5K | $305K | 10x | as long as short |
| Phoenix AAVEshort | −0.0027% | 1h | 146.18 | +0.032% | $5K | $99K | 10x | |
| 01 Exchange AAVEUSD | −0.0008% | 1h | 146.03 | −0.070% | $11K | $2K | 5x | as long as short |
| dYdX AAVE-USDlong | 0.0000% | 1h | 146.13 | long leg | $104K | $5K | 10x | |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.91 | −0.152% | $84K | $1.5M | 3.4x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0002% | 1h | 146.25 | +0.081% | $3.5M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.06 | −0.048% | $71K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.277% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0040% | 8h | 146.00 | −0.091% | $30.2M | $25.9M | 200x | as long as short |
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
01 Exchange AAVEUSD
Kalshi KXAAVEPERP
Kraken Futures PF_AAVEUSD
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0041% | 8h | 146.00 | −0.091% | $66.6M | $185.9M | 75x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.95 | −0.126% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0052% | 8h | 145.98 | −0.104% | $18K | $12K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0073% | 8h | 145.98 | −0.104% | $18.0M | $67.7M | 50x | as long as short |
| Gate AAVE_USDT | +0.0077% | 8h | 146.02 | −0.077% | $7.9M | $15.9M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.18 | +0.036% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.25 | +0.082% | $4.7M | $1.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.02 | −0.076% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.99 | −0.101% | $803K | $442K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.15 | +0.012% | $80.6M | $34.6M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.10 | −0.025% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.06 | −0.047% | $333K | $504K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.00 | −0.091% | $62.2M | $65.9M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.02 | −0.077% | $51K | $273K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.07 | −0.043% | $61K | $360 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.01 | −0.084% | $10.0M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.97 | −0.111% | $30.4M | $18.3M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.98 | −0.104% | — | $44.0M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.22 | +0.060% | $348K | $745K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.17 | +0.024% | $3.8M | $1.4M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.18 | +0.033% | $105K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 146.16 | +0.021% | $462K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 146.19 | +0.039% | $136K | $229K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.04 | −0.063% | $127K | $456K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.14 | +0.006% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.24 | +0.070% | $699K | $5.1M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 146.12 | −0.009% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.96 | −0.119% | $935K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0106% | 1h | 146.05 | −0.056% | $186K | $246K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0161% | 8h | 146.12 | −0.009% | $3.5M | $4.1M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0267% / S −0.0438% | 1h | 146.06 | −0.052% | $126K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0280% | 1h | 146.33 | +0.135% | $788K | $3.0M | 50x | as long as short |
Binance AAVEUSDT
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX