Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / Crypto

AAVE

All AAVE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhoenixAAVE
160.26−0.0106get 0.0013% / 1h33m 38s$6K$544K10xLong Phoenix
SHORT
PopdexAAVEUSDT
160.32+0.0096get 0.0012% / 1h33m 38s$117K$684K50xShort Popdex
Price gap+0.037%54s
Funding gap+0.0202% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.067% above its 7d average: +$7 more if it goes back.

The two prices were read 54 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$31+0.0202% /8h now · paid +0.309% over the last 6 days (all we have)
Price—spread +0.037%54s now · prices read too far apart to compare
Costs−$380.375% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Phoenixnow
RANGE STATS · 7D
Now+0.037%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

AAVE on 41 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Large against open interest13.9 / 5.1 bp
    $10k is over 10% of Phoenix’s open interest.
  • Note: Margin at max leverage$1,000 + $200
    Phoenix 10x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$6.05Long Phoenix: 24 payments, +$3.17; short Popdex: 24 payments, +$2.88.
  • Watch: Prices read 54 s apart+0.037% vs −0.029%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$6K vs $117K OI
    Phoenix sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legPhoenix No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0172%/8h × 21 periods+$36.22
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$24.10
Fee Phoenix bp × 2 orders−$7.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$1.28
price spread not counted: prices read too far apart
Costs to cover0.375%Break-even7.2 days
Slippage: Phoenix: live order book, 39 min ago; Popdex: live order book, 40 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix1.2513.9 bp−$1453.8 bp−$538doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.945.1 bp−$524.3 bp−$243doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

AAVE news

posts that mention AAVE, from every exchangeSearch all news →
09-30 01:05ReyaListingAAVERUSDPERP no longer reported ($AAVE) seen by our collector
09-29 11:00BulkListingAAVE-USD no longer reported ($AAVE) seen by our collector
09-29 08:55ApeX OmniOther50 up, 36 down on the ApeX board, median +1.1%. DeFi and payment names swept it: $CRV +21.5%, $HBAR +20.3%, ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 +15.8%, $XLM +11.2%, $AAVE +11.2%. ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 has bounced 64% off its August low since ApeX confirmed on 9 Sep that supply is fixed at 500M with no unlocks left. @OfficialApeXdex on X ↗
09-28 15:17OKXOtherNew X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-19 12:00KuCoinOtherAltseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗