AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: gTrade (Gains Network) against Phoenix−0.230%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 gTrade (Gains Network)

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

Funding pays, the price is against you. gTrade (Gains Network) is 0.230% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.230% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 24 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	145.87	−0.0027	get 0.0003% / 1h	4m 43s	$5K	$99K	10x
Short	gTrade (Gains Network) AAVE/USD	145.53	L +0.0005% / S −0.0004%	get 0.0000% / 1h	4m 43s	$71K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.230%Rate

Funding earned: $6.57
Price spread: −0.230% → 0.000%: −$22.97
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.4
Costs to cover: 0.170%
Break-even: 42.6 days

Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Phoenix and gTrade (Gains Network): 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
SoDEX AAVE-USD	−0.0127%	1h	145.44	−0.295%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	145.34	−0.363%	$11K	$2K	5x	as long as short
Phoenix AAVElong	−0.0027%	1h	145.87	long leg	$5K	$99K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.47	−0.274%	$254K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.67	−0.140%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.41	−0.315%	$77K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.58	−0.201%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	145.53	−0.230%	$71K	—	150x
MEXC AAVE_USDT	+0.0027%	8h	145.70	−0.117%	$29.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.73	−0.099%	$66.5M	$187.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.108%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.40	−0.319%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.41	−0.315%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	145.69	−0.123%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0072%	8h	145.68	−0.130%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.44	−0.298%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.89	+0.016%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.71	−0.108%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.33	−0.370%	$800K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.85	−0.014%	$80.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.70	−0.119%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.75	−0.082%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.70	−0.117%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.34	−0.363%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.194%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.67	−0.137%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.66	−0.144%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.68	−0.130%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.55	−0.219%	$348K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.20	−0.462%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.56	−0.210%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.55	−0.221%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.47	−0.274%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.47	−0.274%	$127K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.42	−0.306%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	−0.045%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.50	−0.254%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.63	−0.167%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.40	−0.326%	$184K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0110%	8h	145.45	−0.288%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.53	−0.236%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.65	−0.151%	$791K	$3.0M	50x	as long as short