Funding you earn now, next payment 04:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.049%
Price spread now: Coinbase International against Pacifica+0.272%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.272%, 7d avg +0.058%
=Together, before fees+0.004%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.214% dearer against Pacifica than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.058%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica AAVE | 143.29 | 0.0100 | pay 0.0013% / 1h | 33m 21s | $328K | $446K | 10x |
| Short | Coinbase International AAVE-PERP-INTX | 143.68 | 0.0360 | get 0.0045% / 1h | 33m 21s | $788K | $2.8M | 50x |
Pacifica AAVE
Coinbase International AAVE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Pacifica. 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
- $54.6
- Price spread: +0.272% → +0.058%
- $21.42
- Slippage, 4 orders
- −$22.41
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $35.61
- Costs to cover
- 0.404%
- Break-even
- 2.4 days
Slippage from Pacifica: live order book, 20 min ago; Coinbase International: live order book, 6 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 Pacifica live order book, 20 min ago | 2.08 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 6.62 bp | 13.6 bp −$14 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX AAVE-USD | 0.0000% | 1h | 143.27 | −0.017% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 143.25 | −0.028% | $51K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 143.34 | +0.035% | $219K | $397K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.35 | +0.043% | $80K | — | 150x | as long as short |
| Nado AAVE-PERP | +0.0026% | 1h | 143.31 | +0.017% | $837K | $398K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.418% | $422 | $51K | 12x | as long as short |
| Phoenix AAVE | +0.0033% | 1h | 143.52 | +0.161% | $4K | $106K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.28 | −0.007% | — | — | 20x | as long as short |
| Phemex AAVEUSDT | +0.0051% | 8h | 143.31 | +0.014% | $4.0M | $3.6M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0056% | 8h | 143.30 | +0.007% | $18K | $10K | 10x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Nado AAVE-PERP
Injective AAVE/USDC PERP
Phoenix AAVE
Reya AAVERUSDPERP
Phemex AAVEUSDT
Orderly PERP_AAVE_USDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange AAVEUSD | +0.0088% | 1h | 143.39 | +0.070% | $10K | $2K | 5x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 143.49 | +0.139% | $4.5M | $2.2M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.28 | −0.004% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 143.38 | +0.062% | $1.2M | $1.3M | 50x | as long as short |
| Pacifica AAVElong | +0.0100% | 1h | 143.29 | long leg | $328K | $446K | 10x | |
| Binance AAVEUSDT | +0.0100% | 8h | 143.33 | +0.028% | $64.0M | $188.4M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.31 | +0.014% | $61.6M | $67.7M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 143.32 | +0.021% | $17.1M | $64.6M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 143.44 | +0.105% | $64K | $200K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.34 | +0.035% | $8.0M | $16.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 143.33 | +0.028% | $25.7M | $23.9M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 143.31 | +0.014% | $10.4M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 143.28 | −0.007% | $29.2M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 143.29 | 0.000% | — | $43.6M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 143.26 | −0.021% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.33 | +0.025% | $104K | $280K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 143.37 | +0.053% | $457K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 143.41 | +0.084% | $133K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.40 | +0.077% | $132K | $449K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 143.32 | +0.020% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 143.28 | −0.007% | $5K | $309K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 143.39 | +0.068% | $689K | $5.2M | 75x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 143.31 | +0.014% | $58K | $2K | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.23 | −0.039% | $905K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 143.35 | +0.043% | $121K | $146 | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0106% | 1h | 143.32 | +0.021% | $336K | $720K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0132% | 1h | 143.41 | +0.083% | $186K | $252K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 143.33 | +0.028% | $3.3M | $3.6M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0247% | 1h | 143.38 | +0.060% | $3.4M | $2.1M | 50x | as long as short |
| Hyperliquid AAVE | +0.0251% | 1h | 143.47 | +0.126% | $78.6M | $36.9M | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 143.34 | +0.038% | $112K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTXshort | +0.0360% | 1h | 143.68 | +0.272% | $788K | $2.8M | 50x |
01 Exchange AAVEUSD
Lighter AAVE
Paradex AAVE-USD-PERP
Aster AAVEUSDT
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
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
Bulk AAVE-USD
Extended AAVE-USD
Aevo AAVE-PERP
Backpack AAVE_USDC_PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
Hyperliquid AAVE
GMX AAVE/USD [AAVE-USDC]