Funding you earn now, next payment 03:00 UTC−0.3188%/8h= −349.1% APRpaid last 24h −0.269%
Price spread now: Deribit against Binance−0.292%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days−0.414%−$41 on $10k
+Price spread, last 4 days (all we have)+0.823%+$82 · spread now −0.292%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$96 a day on $10k at the current rate, and Deribit is 0.268% cheaper against Binance than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.414% in total (about -21.6% a year). A funding rate is set anew for every payment. 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 | Binance AAVEUSDT | 143.72 | 0.0100 | pay 0.0100% / 8h | 5h 13m | $64.3M | $182.5M | 75x |
| Short | Deribit AAVE_USDC-PERPETUAL | 143.30 | −0.3088 | pay 0.0386% / 1h | 13m 10s | $227K | $389K | 50x |
Binance AAVEUSDT
Deribit AAVE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- −$669.48
- Price spread: −0.292% → −0.024%
- −$26.81
- Slippage, 4 orders
- −$19.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$733.08
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Deribit: live order book, 46 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 Binance live order book, 15 min ago | 0.35 bp | 6.0 bp −$6 | 12.0 bp −$120 | 43.6 bp −$4,358 | 190.4 bp −$95.2K |
| Sell Deribit live order book, 46 min ago | 6.58 bp | 10.1 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAVE_USDC-PERPETUALshort | −0.3088% | 1h | 143.30 | −0.292% | $227K | $389K | 50x | |
| 01 Exchange AAVEUSD | −0.0048% | 1h | 143.84 | +0.083% | $11K | $2K | 5x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 143.86 | +0.095% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 143.81 | +0.063% | $59K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.87 | +0.104% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.704% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.84 | +0.080% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0045% | 8h | 143.75 | +0.021% | $18K | $10K | 10x | as long as short |
| Nado AAVE-PERP | +0.0054% | 1h | 143.88 | +0.111% | $831K | $433K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 144.07 | +0.244% | $5K | $98K | 10x | as long as short |
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Nado AAVE-PERP
Phoenix AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAVE | +0.0096% | 1h | 143.91 | +0.135% | $4.6M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.89 | +0.117% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 143.99 | +0.188% | $77.9M | $35.2M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 143.93 | +0.147% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 143.90 | +0.127% | $328K | $433K | 10x | as long as short |
| Binance AAVEUSDTlong | +0.0100% | 8h | 143.72 | long leg | $64.3M | $182.5M | 75x | |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.72 | 0.000% | $61.3M | $64.1M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 143.72 | 0.000% | $17.2M | $63.3M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 143.88 | +0.111% | $44K | $179K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.07 | +0.247% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.89 | +0.118% | $7.9M | $15.2M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 143.76 | +0.028% | $26.0M | $23.7M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 143.77 | +0.035% | $10.7M | $9.2M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 143.70 | −0.014% | $30.1M | $17.4M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 143.82 | +0.070% | — | $43.8M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 143.81 | +0.063% | $321K | $691K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.28 | +0.387% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.34 | +0.434% | $104K | $279K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 144.39 | +0.466% | $461K | $3.7M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 144.40 | +0.473% | $134K | $219K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.90 | +0.125% | $128K | $422K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 143.79 | +0.049% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 143.73 | +0.007% | $5K | $301K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.01 | +0.201% | $694K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 143.77 | +0.035% | $4.1M | $3.7M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.70 | −0.013% | $918K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 143.77 | +0.038% | $121K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0195% | 1h | 143.91 | +0.133% | $186K | $236K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 143.85 | +0.090% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0263% / S −0.0420% | 1h | 143.84 | +0.085% | $124K | — | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0267% | 1h | 143.84 | +0.081% | $3.5M | $2.1M | 50x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0336% | 1h | 144.02 | +0.209% | $783K | $2.8M | 50x | as long as short |
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
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
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Kraken Futures PF_AAVEUSD
Coinbase International AAVE-PERP-INTX