Funding you earn now, next payment 20:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.018%
Price spread now: Extended against Phoenix−0.472%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 0.472% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.472% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 11 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.041% in total) that is about 3 months. The two prices were read 108 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 | 145.99 | −0.0039 | get 0.0005% / 1h | 57m 36s | $4K | $95K | 10x |
| Short | Extended AAVE-USD | 145.30 | 0.0104 | get 0.0013% / 1h | 57m 36s | $941K | $1.8M | 50x |
Phoenix AAVE
Extended AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.93
- Price spread: −0.472% → 0.000%
- −$47.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$29.23
- Costs to cover
- 0.120%
- Break-even
- 13.8 days
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago | 3.09 bp | 8.1 bp −$8 | 19.7 bp −$197 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAVE_USDC-PERPETUAL | −0.4696% | 1h | 144.85 | −0.781% | $231K | $462K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0298% | 1h | 145.42 | −0.390% | $5K | $308K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0176% | 1h | 145.32 | −0.459% | $11K | $2K | 5x | as long as short |
| Phoenix AAVElong | −0.0039% | 1h | 145.99 | long leg | $4K | $95K | 10x | |
| dYdX AAVE-USD | 0.0000% | 1h | 145.36 | −0.433% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.56 | −0.295% | $69K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.69 | −0.209% | $71K | — | 150x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0012% | 1h | 145.58 | −0.284% | $3.5M | $2.0M | 50x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.185% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.27 | −0.491% | — | — | 20x | as long as short |
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Kraken Futures PF_AAVEUSD
Injective AAVE/USDC PERP
Reya AAVERUSDPERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX AAVE-USDT-SWAP | +0.0055% | 8h | 145.35 | −0.438% | $17.8M | $65.4M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0061% | 8h | 145.55 | −0.301% | $18K | $12K | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0076% | 1h | 145.72 | −0.185% | $135K | $229K | 50x | as long as short |
| Gate AAVE_USDT | +0.0080% | 8h | 145.32 | −0.459% | $7.8M | $15.4M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0086% | 8h | 145.24 | −0.514% | $32.6M | $25.9M | 200x | as long as short |
| Binance AAVEUSDT | +0.0086% | 8h | 145.33 | −0.453% | $66.0M | $180.8M | 75x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 145.55 | −0.301% | $4.7M | $1.6M | 10x | as long as short |
| RISEx AAVE/USDC | +0.0097% | 1h | 145.39 | −0.411% | $181K | $242K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.26 | −0.497% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.31 | −0.462% | $815K | $440K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 145.48 | −0.349% | $81.4M | $32.4M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 145.32 | −0.459% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.36 | −0.429% | $331K | $504K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.38 | −0.418% | $62.1M | $64.8M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 145.37 | −0.425% | $51K | $274K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.24 | +0.174% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.35 | −0.438% | $10.1M | $8.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.29 | −0.479% | $29.7M | $17.6M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.34 | −0.445% | — | $44.3M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.44 | −0.377% | $345K | $684K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.44 | +0.306% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.76 | −0.159% | $101K | $311K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.69 | −0.207% | $461K | $4.1M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 145.39 | −0.411% | $127K | $468K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.54 | −0.311% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.73 | −0.179% | $743K | $4.8M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.47 | −0.356% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USDshort | +0.0104% | 1h | 145.30 | −0.472% | $941K | $1.8M | 50x | |
| Aevo AAVE-PERP | +0.0104% | 1h | 145.58 | −0.281% | $123K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0208% | 8h | 145.63 | −0.247% | $3.6M | $5.3M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0248% | 1h | 145.72 | −0.185% | $782K | $3.0M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0274% / S −0.0485% | 1h | 145.66 | −0.227% | $135K | — | 100x | as long as short |
OKX AAVE-USDT-SWAP
Orderly PERP_AAVE_USDC
ApeX Omni AAVEUSDT
Gate AAVE_USDT
MEXC AAVE_USDT
Binance AAVEUSDT
Lighter AAVE
RISEx AAVE/USDC
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Aevo AAVE-PERP
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX
GMX AAVE/USD [AAVE-USDC]