AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: Injective against Phoenix−5.257%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

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. Injective is 5.257% cheaper against Phoenix than usual: you would sell low and buy high (spread −5.257% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$526 on $10k: about 7 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

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	39m 58s	$5K	$100K	10x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	39m 58s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.257%Rate

Funding earned: $16.36
Price spread: −5.257% → 0.000%: −$525.73
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$516.39
Costs to cover: 0.070%
Break-even: 228.0 days

Slippage unknown: Phoenix: live order book, 73 min ago; Injective: 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 live order book, 73 min ago	0.69 bp	13.8 bp −$14	54.2 bp −$542	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0184%	1h	144.62	+0.042%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	144.75	+0.131%	$5K	$298K	10x	as long as short
Phoenix AAVElong	−0.0045%	1h	144.56	long leg	$5K	$100K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.79	+0.159%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.66	+0.073%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.71	+0.104%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.79	+0.161%	$70K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−5.257%	$422	$51K	12x
MEXC AAVE_USDT	+0.0034%	8h	144.76	+0.138%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.70	+0.095%	$65.8M	$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	+0.0050%	8h	144.76	+0.138%	$17.4M	$66.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.74	+0.125%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.84	+0.192%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	144.73	+0.118%	$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	144.81	+0.176%	$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	144.96	+0.275%	$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	144.87	+0.214%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.74	+0.128%	$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	144.76	+0.138%	$61.5M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.66	+0.069%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.75	+0.131%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.75	+0.131%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.76	+0.138%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.89	+0.228%	$382K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	+0.089%	$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	144.64	+0.057%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.95	+0.268%	$695K	$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	144.74	+0.126%	$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	144.80	+0.167%	$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