AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.020%

Price spread now: Arcus against Phoenix+0.069%49s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.434% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.354%−$35 · spread now +0.069%, 7d avg −0.056%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Arcus is 0.125% dearer against Phoenix than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.056%. The two prices were read 49 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	144.56	−0.0045	get 0.0006% / 1h	40m 36s	$5K	$100K	10x
Short	Arcus AAVE-USD	144.66	0.0100	get 0.0013% / 1h	40m 36s	$50K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.069%Rate

Funding earned: $30.36
Price spread: +0.069% → −0.056%: $12.54
Slippage, 4 orders: −$31.92
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$0.52
Costs to cover: 0.434%
Break-even: 7.1 days

Slippage from Phoenix: live order book, 72 min ago; Arcus: live order book, 43 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, 72 min ago	0.69 bp	13.8 bp −$14	54.2 bp −$542	doesn't fit	doesn't fit
Sell Arcus live order book, 43 min ago	1.38 bp	6.4 bp −$6	20.8 bp −$208	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
01 Exchange AAVEUSD	−0.0184%	1h	144.62	+0.042%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.63	+0.048%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0074%	1h	144.65	+0.062%	$5K	$298K	10x	as long as short
Phoenix AAVElong	−0.0045%	1h	144.56	long leg	$5K	$100K	10x
dYdX AAVE-USD	0.0000%	1h	144.66	+0.073%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.77	+0.145%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.69	+0.093%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.257%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.66	+0.069%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.60	+0.029%	$65.7M	$185.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.67	+0.079%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.71	+0.101%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.66	+0.069%	$17.4M	$66.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.60	+0.028%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.76	+0.137%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	144.69	+0.090%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.087%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.69	+0.092%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.181%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.86	+0.210%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	+0.061%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.64	+0.055%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.80	+0.166%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.68	+0.083%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.66	+0.069%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.65	+0.062%	$61.4M	$65.5M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	144.66	+0.069%	$50K	$273K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	144.68	+0.083%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.62	+0.042%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.63	+0.048%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.77	+0.145%	$382K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.428%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.57	+0.009%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.201%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.76	+0.138%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.68	+0.085%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.84	+0.193%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.64	+0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.61	+0.032%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0138%	8h	144.69	+0.090%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.68	+0.080%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.71	+0.104%	$777K	$3.0M	50x	as long as short