AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.009%

Price spread now: RISEx against Phoenix−0.110%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.110%, 7d avg −0.069%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.040% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.069%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	144.94	−0.0045	get 0.0006% / 1h	33m 28s	$5K	$100K	10x
Short	RISEx AAVE/USDC	144.78	0.0046	get 0.0006% / 1h	33m 28s	$180K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.110%Rate

Funding earned: $19.03
Price spread: −0.110% → −0.069%: −$4.04
Slippage, 4 orders: −$25.17
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.17
Costs to cover: 0.382%
Break-even: 15.5 days

Slippage from Phoenix: live order book, 80 min ago; RISEx: live order book, 50 min ago.

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, 80 min ago	0.69 bp	13.8 bp −$14	54.2 bp −$542	doesn't fit	doesn't fit
Sell RISEx live order book, 50 min ago	2.28 bp	5.3 bp −$5	8.9 bp −$89	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
01 Exchange AAVEUSD	−0.0168%	1h	144.72	−0.152%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.67	−0.186%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	144.68	−0.179%	$5K	$298K	10x	as long as short
Phoenix AAVElong	−0.0045%	1h	144.94	long leg	$5K	$100K	10x
dYdX AAVE-USD	0.0000%	1h	144.74	−0.141%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.56	−0.262%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.71	−0.159%	$70K	—	150x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.63	−0.212%	$65.8M	$185.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.506%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.64	−0.207%	$30.9M	$25.8M	200x	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	144.59	−0.241%	—	—	20x	as long as short
RISEx AAVE/USDCshort	+0.0046%	1h	144.78	−0.110%	$180K	$246K	10x
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.59	−0.241%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.62	−0.221%	$17.5M	$66.7M	50x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.64	−0.207%	$7.8M	$15.8M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.79	−0.101%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	−0.176%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.71	−0.156%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	−0.163%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.88	−0.039%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.69	−0.171%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.72	−0.148%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.81	−0.090%	$79.6M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.70	−0.164%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.74	−0.135%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.67	−0.186%	$61.4M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.74	−0.138%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.66	−0.193%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.72	−0.152%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.67	−0.186%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.81	−0.090%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	−0.229%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.66	−0.195%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.57	−0.255%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.73	−0.145%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.46	−0.328%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.79	−0.105%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.58	−0.248%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.70	−0.168%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0134%	8h	144.68	−0.179%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.67	−0.183%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.80	−0.097%	$783K	$3.0M	50x	as long as short