Funding you earn now, next payment 05:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.050%
Price spread now: Coinbase International against Arcus−0.014%7-day average +0.058% · 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−$46as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 4 days (all we have)+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.014%, 7d avg +0.058%
=Funding pays, the price is against you. Coinbase International is 0.072% cheaper against Arcus than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.058%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.082% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.082% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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 | Arcus AAVE-USD | 143.25 | 0.0100 | pay 0.0013% / 1h | 34m 58s | $64K | $198K | 10x |
| Short | Coinbase International AAVE-PERP-INTX | 143.23 | 0.0376 | get 0.0047% / 1h | 34m 58s | $778K | $2.9M | 50x |
Arcus AAVE-USD
Coinbase International AAVE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Arcus. 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
- $57.96
- Price spread: −0.014% → +0.058%
- −$7.16
- Slippage, 4 orders
- −$24.42
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $11.88
- Costs to cover
- 0.389%
- Break-even
- 5.6 days
Slippage from Arcus: live order book, 13 min ago; Coinbase International: live order book, 4 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 Arcus live order book, 13 min ago | 2.44 bp | 7.3 bp −$7 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.81 bp | 9.8 bp −$10 | 15.0 bp −$150 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AAVE-PERP | −0.0004% | 1h | 143.10 | −0.105% | $833K | $401K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 143.08 | −0.119% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 143.06 | −0.133% | $55K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 143.20 | −0.035% | $218K | $394K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.22 | −0.023% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.391% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.20 | −0.033% | — | — | 20x | as long as short |
| Phemex AAVEUSDT | +0.0055% | 8h | 143.19 | −0.042% | $4.0M | $3.6M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0066% | 8h | 143.23 | −0.014% | $18K | $10K | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0096% | 1h | 143.22 | −0.021% | $10K | $2K | 5x | as long as short |
Nado AAVE-PERP
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Phemex AAVEUSDT
Orderly PERP_AAVE_USDC
01 Exchange AAVEUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.15 | −0.067% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.84 | −0.284% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 143.18 | −0.048% | $328K | $447K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.75 | −0.349% | $63.7M | $189.9M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.67 | −0.405% | $61.2M | $68.3M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.61 | −0.447% | $17.1M | $64.6M | 50x | as long as short |
| Arcus AAVE-USDlong | +0.0100% | 1h | 143.25 | long leg | $64K | $198K | 10x | |
| Bulk AAVE-USD | +0.0100% | 1h | 142.52 | −0.508% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.79 | −0.321% | $8.0M | $16.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.78 | −0.328% | $25.3M | $24.0M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.80 | −0.314% | $10.3M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.83 | −0.293% | $29.2M | $18.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 142.78 | −0.328% | — | $6.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.78 | −0.326% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.65 | −0.420% | $105K | $281K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.72 | −0.370% | $447K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.73 | −0.363% | $133K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.28 | +0.021% | $135K | $460K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 143.14 | −0.075% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 143.17 | −0.056% | $5K | $312K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 143.55 | +0.207% | $686K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.73 | −0.361% | $905K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 143.25 | −0.002% | $121K | $146 | 10x | as long as short |
| Hyperliquid AAVE | +0.0114% | 1h | 143.10 | −0.105% | $78.2M | $37.1M | 10x | as long as short |
| Phoenix AAVE | +0.0118% | 1h | 142.58 | −0.468% | $4K | $106K | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0152% | 1h | 143.17 | −0.056% | $336K | $728K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0207% | 1h | 143.21 | −0.027% | $188K | $251K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 143.22 | −0.021% | $3.3M | $3.6M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0236% | 1h | 143.26 | +0.005% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 143.21 | −0.030% | $112K | — | 100x | as long as short |
| Lighter AAVE | +0.0312% | 1h | 143.37 | +0.080% | $4.5M | $2.4M | 10x | as long as short |
| Coinbase International AAVE-PERP-INTXshort | +0.0376% | 1h | 143.23 | −0.014% | $778K | $2.9M | 50x |
Paradex AAVE-USD-PERP
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Extended AAVE-USD
Aevo AAVE-PERP
Hyperliquid AAVE
Phoenix AAVE
Backpack AAVE_USDC_PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
GMX AAVE/USD [AAVE-USDC]
Lighter AAVE