AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.020%

Price spread now: Orderly against Phemex+0.007%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAVEUSDT	142.48	0.0076	pay 0.0076% / 8h	2h 38m	$4.0M	$3.6M	50x
Short	Orderly PERP_AAVE_USDC	142.49	0.0065	get 0.0065% / 8h	2h 38m	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now +0.007%Rate

Funding earned: −$2.32
Price spread: +0.007% → 0.000%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; Orderly: no order-book sample. 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 Phemex live order book, 6 min ago	2.10 bp	14.1 bp −$14	19.0 bp −$190	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Nado AAVE-PERP	−0.0008%	1h	142.44	−0.028%	$830K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.42	−0.046%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.40	−0.056%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.54	+0.042%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.48	−0.002%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.874%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.51	+0.024%	—	—	20x	as long as short
Orderly PERP_AAVE_USDCshort	+0.0065%	8h	142.49	+0.007%	$18K	$10K	10x
Phemex AAVEUSDTlong	+0.0076%	8h	142.48	long leg	$4.0M	$3.6M	50x
01 Exchange AAVEUSD	+0.0096%	1h	142.47	−0.007%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.33	−0.107%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.71	+0.161%	$78.0M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.63	+0.102%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.43	−0.035%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.63	+0.103%	$63.6M	$189.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.54	+0.042%	$61.1M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.51	+0.021%	$17.1M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.50	+0.014%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	+0.030%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.52	+0.028%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.55	+0.049%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.54	+0.042%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.51	+0.021%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.53	+0.035%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	−0.048%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	+0.153%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.49	+0.006%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.49	+0.007%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.60	+0.084%	$134K	$459K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.48	+0.003%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.53	+0.035%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.238%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.48	−0.002%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.54	+0.039%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0113%	1h	142.68	+0.140%	$335K	$728K	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.39	−0.063%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.47	−0.009%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.24	−0.168%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.63	+0.109%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.47	−0.006%	$111K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	142.74	+0.180%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.57	+0.063%	$775K	$2.8M	50x	as long as short