AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.032%

Price spread now: Coinbase International against Extended+0.600%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs+$8as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.600%, 7d avg +0.125%

Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.474% dearer against Extended than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	145.02	0.0104	pay 0.0013% / 1h	54m 29s	$941K	$1.8M	50x
Short	Coinbase International AAVE-PERP-INTX	145.89	0.0248	get 0.0031% / 1h	54m 29s	$784K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.600%Rate

Funding earned: $30.24
Price spread: +0.600% → +0.125%: $47.42
Slippage, 4 orders: −$24.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $38.23
Costs to cover: 0.394%
Break-even: from the start

Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 4 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 Extended live order book, 4 min ago	3.09 bp	7.4 bp −$7	20.8 bp −$208	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.77 bp	9.4 bp −$9	14.1 bp −$141	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	−0.0240%	1h	145.35	+0.227%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0190%	1h	145.66	+0.441%	$5K	$308K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	+0.193%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.475%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.35	+0.224%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.59	+0.393%	$64K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.75	+0.503%	$237K	$466K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.74	+0.493%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.77	+0.516%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.558%	$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	145.11	+0.064%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.07	+0.034%	$17.7M	$65.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.67	+0.448%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.18	+0.110%	$7.8M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0082%	8h	145.21	+0.131%	$32.4M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0082%	8h	145.09	+0.045%	$66.0M	$180.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.49	+0.321%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.23	+0.146%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.14	+0.083%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	+0.015%	$813K	$439K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.26	+0.165%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.28	+0.180%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.28	+0.182%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.15	+0.089%	$62.0M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.19	+0.117%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.844%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.39	+0.255%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.13	+0.076%	$29.7M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.13	+0.076%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.71	+0.475%	$348K	$683K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.237%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.31	+0.198%	$100K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.35	+0.224%	$460K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.21	+0.131%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.68	+0.452%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.79	+0.528%	$742K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.74	+0.496%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	145.02	long leg	$941K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	145.74	+0.496%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.59	+0.393%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0248%	1h	145.89	+0.600%	$784K	$3.0M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.73	+0.487%	$125K	—	100x	as long as short