AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h −0.291%

Price spread now: Deribit against Injective+6.075%63s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.352%−$35 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 6.075% dearer against Injective than usual: you sell high and buy low (spread +6.075% now, against zero (this spread has no 7-day history yet)): +$607 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 63 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	51m 41s	$422	$51K	12x
Short	Deribit AAVE_USDC-PERPETUAL	145.28	−0.0094	pay 0.0012% / 1h	51m 41s	$247K	$477K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee DeribitbpOrdersPrice spread, now +6.075%Rate

Funding earned: −$26.74
Price spread: +6.075% → 0.000%: $607.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $573.72
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 32 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 32 min ago	14.23 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0165%	1h	145.20	+6.016%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.85	+5.761%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	+6.089%	$135K	$229K	50x	as long as short
Deribit AAVE_USDC-PERPETUALshort	−0.0094%	1h	145.28	+6.075%	$247K	$477K	50x
Phoenix AAVE	−0.0044%	1h	145.35	+6.126%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.99	+5.866%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	+6.104%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	+6.119%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.28	+6.077%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.21	+6.022%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.88	+5.783%	$17.7M	$65.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.24	+6.046%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	144.94	+5.827%	$7.8M	$15.5M	75x	as long as short
Binance AAVEUSDT	+0.0081%	8h	144.86	+5.768%	$65.9M	$181.1M	75x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	144.84	+5.754%	$32.2M	$26.0M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.26	+6.063%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.98	+5.854%	$180K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.86	+5.767%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.14	+5.973%	$814K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.29	+6.082%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.15	+5.977%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.98	+5.858%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.90	+5.797%	$61.9M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.99	+5.863%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	+5.970%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.14	+5.973%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.81	+5.732%	$29.7M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.86	+5.768%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.28	+6.075%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+6.136%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+6.210%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+6.357%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.26	+6.060%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.23	+6.040%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	+6.075%	$739K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.24	+6.046%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.84	+5.755%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.85	+5.758%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	+6.097%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.35	+6.126%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.34	+6.121%	$125K	—	100x	as long as short