Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.023%
Price spread now: Phoenix against Extended+0.387%88s7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.387%, 7d avg +0.118%
=Together, before fees−0.195%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phoenix is 0.269% dearer against Extended than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 88 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 | Extended AAVE-USD | 142.45 | 0.0104 | pay 0.0013% / 1h | 41m 57s | $903K | $1.8M | 50x |
| Short | Phoenix AAVE | 143.00 | 0.0118 | get 0.0015% / 1h | 41m 57s | $4K | $106K | 10x |
Extended AAVE-USD
Phoenix AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $2.88
- Price spread: +0.387% → +0.118%
- $26.92
- Slippage, 4 orders
- −$28.38
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$10.58
- Costs to cover
- 0.404%
- Break-even
- 32.7 days
Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 63 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, 1 min ago | 1.75 bp | 5.8 bp −$6 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 0.69 bp | 13.9 bp −$14 | 46.4 bp −$464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AAVE-PERP | −0.0026% | 1h | 142.50 | +0.033% | $830K | $402K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 142.58 | +0.093% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.57 | +0.085% | $55K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.66 | +0.148% | $218K | $393K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.58 | +0.092% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.853% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.49 | +0.030% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0064% | 8h | 142.64 | +0.134% | $18K | $10K | 10x | as long as short |
| Phemex AAVEUSDT | +0.0078% | 8h | 142.63 | +0.127% | $4.0M | $3.6M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0088% | 1h | 142.59 | +0.099% | $10K | $2K | 5x | as long as short |
Nado AAVE-PERP
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Phemex AAVEUSDT
01 Exchange AAVEUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.52 | +0.048% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 142.76 | +0.219% | $78.1M | $37.1M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.63 | +0.130% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.60 | +0.107% | $326K | $447K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.57 | +0.085% | $63.6M | $189.3M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.55 | +0.071% | $61.1M | $68.3M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.52 | +0.050% | $17.1M | $64.4M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.63 | +0.127% | $64K | $199K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.52 | +0.052% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.63 | +0.127% | $8.0M | $16.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.62 | +0.120% | $25.6M | $23.9M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.66 | +0.148% | $10.3M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.58 | +0.092% | $29.2M | $18.3M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 142.57 | +0.085% | — | $6.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.88 | +0.303% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.12 | +0.470% | $105K | $282K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.99 | +0.380% | $448K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 143.01 | +0.394% | $133K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.58 | +0.092% | $134K | $453K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.64 | +0.134% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.63 | +0.127% | $5K | $312K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.82 | +0.263% | $682K | $5.2M | 75x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0104% | 1h | 142.72 | +0.190% | $335K | $727K | 10x | as long as short |
| Extended AAVE-USDlong | +0.0104% | 1h | 142.45 | long leg | $903K | $1.8M | 50x | |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.68 | +0.159% | $121K | $146 | 10x | as long as short |
| Phoenix AAVEshort | +0.0118% | 1h | 143.00 | +0.387% | $4K | $106K | 10x | |
| RISEx AAVE/USDC | +0.0207% | 1h | 142.59 | +0.100% | $186K | $251K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.58 | +0.092% | $3.3M | $3.6M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0237% | 1h | 142.73 | +0.196% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 142.59 | +0.102% | $111K | — | 100x | as long as short |
| Lighter AAVE | +0.0360% | 1h | 142.87 | +0.296% | $4.5M | $2.4M | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0376% | 1h | 142.71 | +0.183% | $785K | $2.8M | 50x | as long as short |
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Backpack AAVE_USDC_PERP
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
GMX AAVE/USD [AAVE-USDC]
Lighter AAVE
Coinbase International AAVE-PERP-INTX