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Funding arb · Price arb /

AAVE

all AAVE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h −0.005%
Price spread now: Phoenix against Bybit+0.327%95s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Phoenix is 0.327% dearer against Bybit than usual: you sell high and buy low (spread +0.327% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AAVEUSDT143.600.0100pay 0.0100% / 8h5h 11m$61.3M$64.1M75x
ShortPhoenix AAVE144.070.0089get 0.0011% / 1h11m 43s$5K$98K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Bybit. 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

Funding earned
−$2.4
Price spread: +0.327% → 0.000%
$32.73
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$12.33
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Bybit: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.35 bp8.7 bp −$915.6 bp −$15663.7 bp −$6,367doesn't fit
Sell Phoenix no order-book sample—————
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0376%1h143.61+0.007%$228K$389K50xas long as short
01 Exchange AAVEUSD−0.0048%1h143.71+0.077%$11K$2K5xas long as short
dYdX AAVE-USD0.0000%1h143.62+0.014%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.71+0.077%$59K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.73+0.093%$80K—150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.624%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.64+0.031%——20xas long as short
Orderly PERP_AAVE_USDC+0.0045%8h143.66+0.042%$18K$10K10xas long as short
Nado AAVE-PERP+0.0056%1h143.78+0.125%$830K$433K10xas long as short
Phoenix AAVEshort+0.0089%1h144.07+0.327%$5K$98K10x
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h143.82+0.150%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.75+0.105%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h143.74+0.097%$77.8M$35.2M10xas long as short
Aster AAVEUSDT+0.0100%8h143.69+0.066%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h143.79+0.131%$328K$433K10xas long as short
Binance AAVEUSDT+0.0100%8h143.68+0.056%$64.3M$182.5M75xas long as short
Bybit AAVEUSDTlong+0.0100%8h143.60long leg$61.3M$64.1M75x
OKX AAVE-USDT-SWAP+0.0100%8h143.59−0.007%$17.2M$63.3M50xas long as short
Arcus AAVE-USD+0.0100%1h143.75+0.104%$44K$179K10xas long as short
Bulk AAVE-USD+0.0100%1h144.07+0.330%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h143.600.000%$7.8M$15.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.61+0.007%$26.0M$23.7M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.66+0.042%$10.7M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.59−0.007%$30.1M$17.4M75xas long as short
BingX AAVE-USDT+0.0100%8h143.600.000%—$43.8M—as long as short
Backpack AAVE_USDC_PERP+0.0100%1h143.65+0.035%$320K$691K10xas long as short
Variational Omni AAVE+0.0100%8h144.28+0.471%$3.7M$1.3M—as long as short
edgeX AAVEUSDC+0.0100%4h144.34+0.517%$104K$279K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h144.39+0.550%$461K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h144.40+0.557%$134K$219K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.74+0.097%$128K$422K10xas long as short
SunX AAVE-USDT+0.0100%8h143.74+0.098%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.63+0.021%$5K$301K10xas long as short
HTX AAVE-USDT+0.0100%8h143.76+0.111%$692K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.67+0.049%$4.1M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h143.57−0.022%$918K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h143.69+0.066%$121K$14610xas long as short
RISEx AAVE/USDC+0.0195%1h143.78+0.124%$186K$236K10xas long as short
BloFin AAVE-USDT+0.0220%8h143.85+0.174%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0263% / S −0.0420%1h143.72+0.085%$124K—100xas long as short
Kraken Futures PF_AAVEUSD+0.0267%1h143.72+0.083%$3.5M$2.1M50xas long as short
Coinbase International AAVE-PERP-INTX+0.0336%1h144.02+0.292%$783K$2.8M50xas long as short