AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.015%

Price spread now: Aevo against Phoenix−0.288%66s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.288% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.288% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 6.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.055% in total) that is about 37 days. The two prices were read 66 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	Phoenix AAVE	145.71	−0.0039	get 0.0005% / 1h	56m 04s	$4K	$101K	10x
Short	Aevo AAVE-PERP	145.29	0.0104	get 0.0013% / 1h	56m 04s	$123K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.288%Rate

Funding earned: $29.93
Price spread: −0.288% → 0.000%: −$28.82
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$21.9
Costs to cover: 0.230%
Break-even: 12.1 days

Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aevo live order book, 32 min ago	32.14 bp	47.3 bp −$47	285.5 bp −$2,855	doesn't fit	doesn't fit

Phoenix: 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	−0.0276%	1h	145.23	−0.329%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0184%	1h	145.29	−0.288%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0163%	1h	145.29	−0.288%	$236K	$466K	50x	as long as short
Phoenix AAVElong	−0.0039%	1h	145.71	long leg	$4K	$101K	10x
dYdX AAVE-USD	0.0000%	1h	145.36	−0.242%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.37	−0.233%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.25	−0.313%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.35	−0.250%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.005%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.19	−0.355%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.19	−0.357%	$17.8M	$65.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.26	−0.309%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0076%	1h	145.72	+0.007%	$135K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.20	−0.350%	$7.8M	$15.4M	75x	as long as short
Binance AAVEUSDT	+0.0084%	8h	145.18	−0.364%	$66.0M	$180.8M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.15	−0.384%	$32.4M	$25.9M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.44	−0.183%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.37	−0.233%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.32	−0.267%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.19	−0.353%	$814K	$439K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.37	−0.233%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.27	−0.302%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.38	−0.223%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.23	−0.329%	$62.0M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.31	−0.275%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.367%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.27	−0.302%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.15	−0.384%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.23	−0.329%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.31	−0.275%	$344K	$683K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.499%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.76	+0.033%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.015%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.27	−0.302%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.19	−0.356%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.49	−0.150%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.33	−0.261%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.27	−0.299%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	145.29	−0.288%	$123K	$146	10x
BloFin AAVE-USDT	+0.0206%	8h	145.29	−0.288%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.45	−0.178%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.25	−0.316%	$125K	—	100x	as long as short