AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.293%

Price spread now: Deribit against Phoenix−0.055%7-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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.055% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	145.35	−0.0044	get 0.0005% / 1h	52m 35s	$4K	$101K	10x
Short	Deribit AAVE_USDC-PERPETUAL	145.27	−0.0163	pay 0.0020% / 1h	52m 35s	$247K	$477K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$25.02
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.53
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, just now; Deribit: live order book, 31 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 live order book, just now	0.69 bp	13.8 bp −$14	54.2 bp −$542	doesn't fit	doesn't fit
Sell Deribit live order book, 31 min ago	14.23 bp	17.7 bp −$18	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
SoDEX AAVE-USD	−0.0193%	1h	145.16	−0.131%	$5K	$308K	10x	as long as short
Deribit AAVE_USDC-PERPETUALshort	−0.0163%	1h	145.27	−0.055%	$247K	$477K	50x
01 Exchange AAVEUSD	−0.0136%	1h	145.11	−0.165%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.034%	$135K	$229K	50x	as long as short
Phoenix AAVElong	−0.0044%	1h	145.35	long leg	$4K	$101K	10x
dYdX AAVE-USD	0.0000%	1h	145.31	−0.028%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.13	−0.151%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.36	+0.006%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.32	−0.022%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.772%	$422	$51K	12x	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	145.33	−0.012%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.21	−0.096%	$17.7M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.20	−0.103%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.10	−0.172%	$7.8M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	145.10	−0.172%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.11	−0.165%	$66.0M	$181.0M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	−0.014%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.18	−0.116%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.12	−0.159%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.14	−0.144%	$814K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.31	−0.028%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.16	−0.131%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.18	−0.117%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.22	−0.089%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.12	−0.158%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.616%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.13	−0.151%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.09	−0.179%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.11	−0.165%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	−0.062%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.010%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+0.080%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.218%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.40	+0.034%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.16	−0.129%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.44	+0.058%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.26	−0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.07	−0.194%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.96	−0.268%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	−0.028%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.41	+0.041%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.37	+0.012%	$125K	—	100x	as long as short