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 +0.019%

Price spread now: Bulk against Phoenix+0.117%51s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bulk is 0.117% dearer against Phoenix than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	145.62	−0.0045	get 0.0006% / 1h	59m 53s	$5K	$100K	10x
Short	Bulk AAVE-USD	145.79	0.0100	get 0.0013% / 1h	59m 53s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.117%Rate

Funding earned: $30.36
Price spread: +0.117% → 0.000%: $11.67
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $28.03
Costs to cover: 0.140%
Break-even: 0.5 days

Slippage unknown: Phoenix: no order-book sample; Bulk: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

Phoenix and Bulk: 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
01 Exchange AAVEUSD	−0.0120%	1h	145.83	+0.144%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.77	+0.103%	$255K	$417K	50x	as long as short
Phoenix AAVElong	−0.0045%	1h	145.62	long leg	$5K	$100K	10x
SoDEX AAVE-USD	−0.0008%	1h	145.74	+0.082%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.83	+0.147%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.66	+0.027%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.85	+0.160%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.947%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.77	+0.103%	$30.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0042%	8h	145.90	+0.192%	$66.5M	$185.0M	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	145.77	+0.103%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.87	+0.169%	$184K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.75	+0.089%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.87	+0.171%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	145.78	+0.110%	$17.8M	$67.2M	50x	as long as short
Gate AAVE_USDT	+0.0070%	8h	145.76	+0.096%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.73	+0.076%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.97	+0.244%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.77	+0.101%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.70	+0.058%	$806K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.88	+0.179%	$80.2M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.81	+0.133%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.77	+0.105%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.79	+0.117%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.84	+0.151%	$51K	$273K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	145.79	+0.117%	$61K	$3K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	145.79	+0.117%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.80	+0.124%	$30.5M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.88	+0.179%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.90	+0.192%	$351K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.051%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.58	−0.028%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.53	−0.062%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.49	−0.089%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	+0.172%	$128K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.70	+0.056%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.89	+0.185%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.73	+0.076%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.74	+0.083%	$935K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.63	+0.007%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.85	+0.157%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.97	+0.240%	$793K	$3.0M	50x	as long as short