Funding you earn now, next payment 08:00 UTC−0.0207%/8h= −22.7% APRnext payment −$2.07 per $10,000 · paid last 24h +0.027%
Price spread now: Phemex against Variational Omni−0.070%7-day average +0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.069%+$7 on $10k
+Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.070%, 7d avg +0.036%
=Together, before fees+0.298%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.106% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.069%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.069% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AAVE | 146.08 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $3.8M | $1.3M | — |
| Short | Phemex AAVEUSDT | 145.98 | −0.0107 | pay 0.0107% / 8h | 7h 41m | $4.1M | $3.8M | 50x |
Variational Omni AAVE
Phemex AAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.5
- Price spread: −0.070% → +0.036%
- −$10.56
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$66.06
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Phemex: live order book, 2 min ago. 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 Variational Omni RFQ quote, 3 min ago | 3.08 bp | doesn't fit | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.37 bp | 10.7 bp −$11 | 18.4 bp −$184 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.12 | +0.026% | $3.5M | $2.1M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0128% | 1h | 145.98 | −0.070% | $11K | $2K | 5x | as long as short |
| Phemex AAVEUSDTshort | −0.0107% | 8h | 145.98 | −0.070% | $4.1M | $3.8M | 50x | |
| Deribit AAVE_USDC-PERPETUAL | −0.0092% | 1h | 146.01 | −0.050% | $255K | $373K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0073% | 1h | 145.97 | −0.077% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.21 | +0.088% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.94 | −0.097% | $77K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.21 | +0.087% | $5K | $102K | 10x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.04 | −0.027% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0024% | 8h | 145.94 | −0.097% | $29.2M | $25.7M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0024% | 8h | 145.93 | −0.105% | $66.1M | $186.8M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.245% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.95 | −0.092% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0049% | 8h | 145.98 | −0.070% | $18K | $10K | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0049% | 1h | 145.80 | −0.193% | $136K | $230K | 50x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0064% | 8h | 145.89 | −0.132% | $17.9M | $67.2M | 50x | as long as short |
| Gate AAVE_USDT | +0.0086% | 8h | 146.00 | −0.056% | $7.9M | $15.2M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.00 | −0.057% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.13 | +0.033% | $4.7M | $1.5M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0096% | 8h | 145.90 | −0.125% | $3.5M | $4.1M | 100x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.98 | −0.068% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.98 | −0.072% | $798K | $446K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.11 | +0.019% | $79.7M | $35.4M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.02 | −0.044% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.11 | +0.018% | $333K | $503K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.91 | −0.118% | $62.4M | $65.6M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.00 | −0.056% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.05 | −0.022% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.96 | −0.084% | $10.0M | $8.7M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.98 | −0.070% | $30.3M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.97 | −0.077% | — | $44.1M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.42 | +0.231% | $347K | $734K | 10x | as long as short |
| Variational Omni AAVElong | +0.0100% | 8h | 146.08 | long leg | $3.8M | $1.3M | — | |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.12 | +0.026% | $105K | $316K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 146.12 | +0.024% | $462K | $3.9M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.05 | −0.022% | $128K | $433K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.96 | −0.081% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.12 | +0.022% | $698K | $5.1M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.93 | −0.101% | $932K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.03 | −0.034% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0269% / S −0.0449% | 1h | 146.01 | −0.050% | $128K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.08 | −0.002% | $786K | $3.1M | 50x | as long as short |
Binance AAVEUSDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
ApeX Omni AAVEUSDT
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
BloFin AAVE-USDT
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX