Funding you earn now, next payment 02:00 UTC+1.9847%/8h= +2173.2% APRnext payment +$24.81 per $10,000 · paid last 24h +0.315%
Price spread now: Extended against Deribit+1.909%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs+$160as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.507%+$51 on $10k
+Price spread, last 3 days (all we have)−2.061%−$206 · spread now +1.909%, 7d avg −0.042%
=Together, before fees−1.553%+ Points / potential airdropExtended: Active · farm board−$155 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$595 a day on $10k at the current rate, and Extended is 1.951% dearer against Deribit than usual: you sell high and buy low: +$195 more if the spread goes back to its 7-day average of −0.042%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.507% in total (about 26.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$24.81 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 | Deribit AAVE_USDC-PERPETUAL | 141.66 | −1.9743 | get 0.2468% / 1h | 48m 30s | $246K | $362K | 50x |
| Short | Extended AAVE-USD | 144.36 | 0.0104 | get 0.0013% / 1h | 48m 30s | $922K | $1.7M | 50x |
Deribit AAVE_USDC-PERPETUAL
Extended AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Deribit. 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
- $4,167.87
- Price spread: +1.909% → −0.042%
- $195.12
- Slippage, 4 orders
- −$23.37
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $4,327.62
- Costs to cover
- 0.354%
- Break-even
- from the start
Slippage from Deribit: live order book, 15 min ago; Extended: live order book, 5 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 Deribit live order book, 15 min ago | 6.54 bp | 10.0 bp −$10 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 3.82 bp | 7.3 bp −$7 | 21.8 bp −$218 | 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-PERPETUALlong | −1.9743% | 1h | 141.66 | long leg | $246K | $362K | 50x | |
| ApeX Omni AAVEUSDT | −0.0166% | 1h | 144.26 | +1.835% | $134K | $230K | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0048% | 1h | 144.45 | +1.970% | $11K | $2K | 5x | as long as short |
| Kraken Futures PF_AAVEUSD | −0.0034% | 1h | 144.62 | +2.091% | $3.5M | $2.0M | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.60 | +2.077% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.51 | +2.012% | $65K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.56 | +2.049% | $70K | — | 150x | as long as short |
| Phoenix AAVE | +0.0006% | 1h | 144.68 | +2.132% | $5K | $98K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.318% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0036% | 8h | 144.55 | +2.040% | $27.6M | $24.7M | 200x | as long as short |
ApeX Omni AAVEUSDT
01 Exchange AAVEUSD
Kraken Futures PF_AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Phoenix AAVE
Injective AAVE/USDC PERP
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0039% | 8h | 144.41 | +1.942% | $65.1M | $184.8M | 75x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0044% | 8h | 144.53 | +2.026% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.29 | +1.858% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0063% | 8h | 144.42 | +1.948% | $17.5M | $66.1M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 144.53 | +2.030% | $122K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0089% | 1h | 144.48 | +1.991% | $183K | $231K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.75 | +2.181% | $4.6M | $1.4M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.53 | +2.026% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 144.47 | +1.984% | $800K | $427K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.50 | +2.005% | $78.5M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.69 | +2.137% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.59 | +2.070% | $330K | $435K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.45 | +1.970% | $61.8M | $65.2M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.46 | +1.977% | $45K | $199K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.56 | +2.047% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 144.55 | +2.040% | $7.8M | $15.0M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.63 | +2.097% | $10.9M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.35 | +1.899% | $30.0M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 144.43 | +1.955% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.69 | +2.139% | $325K | $750K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.23 | +1.816% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.86 | +1.555% | $104K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 143.95 | +1.615% | $455K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.47 | +1.984% | $125K | $417K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.53 | +2.024% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 144.52 | +2.019% | $5K | $302K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.07 | +2.408% | $704K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.59 | +2.068% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USDshort | +0.0104% | 1h | 144.36 | +1.909% | $922K | $1.7M | 50x | |
| BloFin AAVE-USDT | +0.0147% | 8h | 144.53 | +2.026% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0366% | 1h | 144.54 | +2.032% | $129K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 144.78 | +2.202% | $777K | $2.8M | 50x | as long as short |
Binance AAVEUSDT
Orderly PERP_AAVE_USDC
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAP
Aevo AAVE-PERP
RISEx AAVE/USDC
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX