AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.261%

Price spread now: Deribit against SoDEX+0.049%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.304%−$30 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.049%, 7d avg −0.004%

Together, before fees−0.328%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.054% dearer against SoDEX than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.004%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 4 days (−0.304% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	141.42	0.0100	pay 0.0013% / 1h	57m 47s	$5K	$298K	10x
Short	Deribit AAVE_USDC-PERPETUAL	141.49	0	get 0.0000% / 1h	57m 47s	$213K	$392K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$21
Price spread: +0.049% → −0.004%: $5.36
Slippage, 4 orders: −$11.34
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.98
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from SoDEX: live order book, 41 min ago; Deribit: live order book, 36 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 SoDEX live order book, 41 min ago	0.35 bp	5.0 bp −$5	9.4 bp −$94	93.9 bp −$9,395	doesn't fit
Sell Deribit live order book, 36 min ago	4.60 bp	8.1 bp −$8	16.1 bp −$161	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
Phemex AAVEUSDT	−0.1148%	8h	141.49	+0.049%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.61	+0.134%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.57	+0.106%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	141.49	+0.049%	$213K	$392K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.50	+0.055%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.154%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.41	−0.007%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.48	+0.042%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.61	+0.136%	$4.5M	$2.5M	10x	as long as short
Nado AAVE-PERP	+0.0098%	1h	141.57	+0.110%	$828K	$400K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.54	+0.088%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.61	+0.134%	$77.3M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.57	+0.105%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.58	+0.115%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.47	+0.035%	$63.6M	$192.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.46	+0.028%	$60.9M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.48	+0.042%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.71	+0.205%	$92K	$222K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.102%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.49	+0.049%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.46	+0.028%	$23.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.49	+0.049%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.47	+0.035%	$28.7M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.46	+0.028%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	+0.075%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.28	−0.099%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.49	+0.047%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.24	−0.127%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.62	+0.141%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.39	−0.018%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	141.42	long leg	$5K	$298K	10x
HTX AAVE-USDT	+0.0100%	8h	141.54	+0.087%	$667K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.42	+0.003%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.51	+0.067%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	141.65	+0.163%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.198%	$4K	$97K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.53	+0.078%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.37	−0.035%	$3.2M	$3.5M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0221%	1h	141.55	+0.092%	$385K	$732K	10x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.63	+0.148%	$185K	$294K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.53	+0.075%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.49	+0.048%	$110K	—	100x	as long as short