Funding you earn now, next payment 01:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.001%
Price spread now: Pacifica against Phemex−0.144%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.144%, 7d avg −0.001%
=Together, before fees+0.041%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.143% cheaper against Phemex than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.001%). If the spread goes back, that is −$14 on $10k: about 42 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment. 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 | Phemex AAVEUSDT | 146.28 | −0.0172 | get 0.0172% / 8h | 7h 41m | $4.2M | $3.8M | 50x |
| Short | Pacifica AAVE | 146.07 | 0.0100 | get 0.0013% / 1h | 41m 57s | $333K | $503K | 10x |
Phemex AAVEUSDT
Pacifica AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Phemex. 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
- $57.12
- Price spread: −0.144% → −0.001%
- −$14.29
- Slippage, 4 orders
- −$16.19
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $6.65
- Costs to cover
- 0.362%
- Break-even
- 6.2 days
Slippage from Phemex: live order book, 2 min ago; Pacifica: live order book, 32 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 Phemex live order book, 2 min ago | 1.37 bp | 11.3 bp −$11 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 32 min ago | 2.39 bp | 6.5 bp −$7 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.45 | +0.116% | $3.5M | $2.1M | 50x | as long as short |
| Phemex AAVEUSDTlong | −0.0172% | 8h | 146.28 | long leg | $4.2M | $3.8M | 50x | |
| 01 Exchange AAVEUSD | −0.0128% | 1h | 146.11 | −0.116% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0057% | 1h | 146.31 | +0.021% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.19 | −0.062% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.14 | −0.096% | $79K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 145.81 | −0.321% | $5K | $102K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 146.35 | +0.048% | $255K | $373K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.31 | +0.021% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0023% | 8h | 146.16 | −0.082% | $29.3M | $25.7M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0025% | 8h | 146.29 | +0.009% | $66.3M | $186.9M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.371% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.13 | −0.101% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0049% | 8h | 146.28 | 0.000% | $18K | $10K | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0049% | 1h | 145.80 | −0.328% | $136K | $230K | 50x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0065% | 8h | 146.16 | −0.082% | $18.0M | $67.3M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.31 | +0.017% | $124K | $146 | 10x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0093% | 8h | 145.86 | −0.287% | $457K | $3.9M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0095% | 8h | 146.22 | −0.041% | $3.5M | $4.1M | 100x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.54 | +0.181% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.07 | −0.146% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.04 | −0.161% | $799K | $446K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.42 | +0.096% | $79.9M | $35.4M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.38 | +0.068% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVEshort | +0.0100% | 1h | 146.07 | −0.144% | $333K | $503K | 10x | |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.25 | −0.021% | $62.5M | $65.7M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.12 | −0.109% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.05 | −0.157% | $61K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 146.33 | +0.034% | $7.9M | $15.2M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.30 | +0.014% | $10.1M | $8.8M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.26 | −0.014% | $30.3M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.34 | +0.041% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.42 | +0.096% | $347K | $734K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.63 | −0.443% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.74 | −0.367% | $105K | $318K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.21 | −0.048% | $128K | $434K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.08 | −0.134% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.41 | +0.090% | $698K | $5.1M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.10 | −0.120% | $935K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.15 | −0.090% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0269% / S −0.0449% | 1h | 146.27 | −0.006% | $128K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.08 | −0.137% | $786K | $3.1M | 50x | as long as short |
Binance AAVEUSDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
ApeX Omni AAVEUSDT
OKX AAVE-USDT-SWAP
Aevo AAVE-PERP
GRVT AAVE_USDT_Perp
BloFin AAVE-USDT
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX