AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.018%

Price spread now: Phoenix against RISEx−0.841%7-day average +0.057% · 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−$127as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+1.016%+$102 · spread now −0.841%, 7d avg +0.057%

Together, before fees+1.020%+$102 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.898% cheaper against RISEx than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	143.53	0.0207	pay 0.0026% / 1h	18m 56s	$192K	$254K	10x
Short	Phoenix AAVE	142.32	0.0118	get 0.0015% / 1h	18m 56s	$4K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now −0.841%Rate

Funding earned: −$18.79
Price spread: −0.841% → +0.057%: −$89.81
Slippage, 4 orders: −$23.81
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$145.41
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from RISEx: live order book, 29 min ago; Phoenix: live order book, 21 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 RISEx live order book, 29 min ago	1.40 bp	4.4 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Phoenix live order book, 21 min ago	0.70 bp	14.0 bp −$14	46.6 bp −$466	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
dYdX AAVE-USD	0.0000%	1h	143.45	−0.053%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.11	−0.291%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.48	−0.033%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.50	−0.020%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0021%	1h	143.45	−0.054%	$839K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.576%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.46	−0.049%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.50	−0.019%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0090%	8h	143.48	−0.033%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.43	−0.068%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	143.68	+0.106%	$78.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.59	+0.041%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.46	−0.048%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.58	+0.037%	$64.4M	$191.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.54	+0.009%	$61.6M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.52	−0.005%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.56	+0.023%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.869%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.55	+0.016%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.55	+0.016%	$25.2M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.58	+0.037%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.54	+0.009%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.54	+0.009%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.583%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.520%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.971%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.939%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.56	+0.023%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.50	−0.021%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.48	−0.033%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.57	+0.027%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.51	−0.014%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.54	+0.009%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.38	−0.104%	$121K	$146	10x	as long as short
Phoenix AAVEshort	+0.0118%	1h	142.32	−0.841%	$4K	$106K	10x
Backpack AAVE_USDC_PERP	+0.0156%	1h	143.66	+0.093%	$341K	$730K	10x	as long as short
RISEx AAVE/USDClong	+0.0207%	1h	143.53	long leg	$192K	$254K	10x
BloFin AAVE-USDT	+0.0220%	8h	143.51	−0.012%	$3.3M	$3.6M	100x	as long as short
Lighter AAVE	+0.0232%	1h	143.69	+0.113%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.59	+0.047%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.48	−0.034%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	+0.037%	$767K	$2.9M	50x	as long as short