AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.317%

Price spread now: Deribit against Extended+0.092%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.500%−$50 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.092%, 7d avg +0.041%

Together, before fees−0.394%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against Extended than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.041%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	146.02	0.0104	pay 0.0013% / 1h	30m 26s	$935K	$1.7M	50x
Short	Deribit AAVE_USDC-PERPETUAL	146.15	−0.0160	pay 0.0020% / 1h	30m 26s	$255K	$394K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$55.44
Price spread: +0.092% → +0.041%: $5.1
Slippage, 4 orders: −$20.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$82.78
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Deribit: live order book, 43 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, 3 min ago	1.37 bp	5.0 bp −$5	19.1 bp −$191	doesn't fit	doesn't fit
Sell Deribit live order book, 43 min ago	5.17 bp	8.7 bp −$9	doesn't fit	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
Deribit AAVE_USDC-PERPETUALshort	−0.0160%	1h	146.15	+0.092%	$255K	$394K	50x
SoDEX AAVE-USD	−0.0076%	1h	146.12	+0.072%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.34	+0.222%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.13	+0.078%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.13	+0.080%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.15	+0.092%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.24	+0.157%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.15	+0.089%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.202%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.10	+0.058%	$30.4M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0040%	8h	146.07	+0.037%	$66.6M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.07	+0.039%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.07	+0.037%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.06	+0.030%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.11	+0.065%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.15	+0.095%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.29	+0.187%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.05	+0.026%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.09	+0.054%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	+0.178%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.15	+0.091%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.10	+0.058%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	+0.051%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.09	+0.051%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.037%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.09	+0.051%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.02	+0.003%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.08	+0.044%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.25	+0.161%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.17	+0.105%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.18	+0.113%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.26	+0.165%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.19	+0.119%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.14	+0.085%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.11	+0.066%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.21	+0.135%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.19	+0.119%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	146.02	long leg	$935K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.14	+0.086%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	146.20	+0.126%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.14	+0.083%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.215%	$788K	$3.0M	50x	as long as short