AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h +0.016%

Price spread now: ApeX Omni against Phoenix−0.077%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.077%, 7d avg −0.050%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.027% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	142.31	0.0152	pay 0.0019% / 1h	45m 43s	$5K	$98K	10x
Short	ApeX Omni AAVEUSDT	142.20	0.0100	get 0.0013% / 1h	45m 43s	$132K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: −$10.95
Price spread: −0.077% → −0.050%: −$2.72
Slippage, 4 orders: −$35.81
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$66.49
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from Phoenix: live order book, 49 min ago; ApeX Omni: live order book, 55 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 Phoenix live order book, 49 min ago	0.70 bp	14.0 bp −$14	54.0 bp −$540	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 55 min ago	4.92 bp	12.4 bp −$12	95.7 bp −$957	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	142.09	−0.154%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.29	−0.014%	$47K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.09	−0.155%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.09	−0.155%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.759%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.12	−0.135%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	142.08	−0.162%	$18K	$7K	10x	as long as short
Nado AAVE-PERP	+0.0090%	1h	142.21	−0.070%	$829K	$395K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.21	−0.069%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.12	−0.130%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	142.20	−0.077%	$77.8M	$36.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.08	−0.160%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.05	−0.180%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.04	−0.190%	$63.6M	$189.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.02	−0.204%	$61.2M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.05	−0.183%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.32	+0.007%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	−0.268%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.03	−0.197%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.00	−0.218%	$23.9M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.04	−0.190%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.09	−0.155%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.04	−0.190%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.17	−0.100%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.01	−0.214%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.07	−0.168%	$446K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.20	−0.077%	$132K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.25	−0.042%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.22	−0.061%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.09	−0.155%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.31	+0.001%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.11	−0.141%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.95	−0.252%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.27	−0.028%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.12	−0.136%	$120K	$146	10x	as long as short
Phoenix AAVElong	+0.0152%	1h	142.31	long leg	$5K	$98K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.23	−0.056%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	142.30	−0.009%	$188K	$278K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.17	−0.099%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.36	+0.035%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0269%	1h	142.18	−0.092%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0347%	1h	142.18	−0.091%	$387K	$728K	10x	as long as short