AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.008%

Price spread now: Phoenix against dYdX+0.116%7-day average +0.056% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.193%+$19 · spread now +0.116%, 7d avg +0.056%

Together, before fees+0.337%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.061% dearer against dYdX than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.056%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	146.22	0	get 0.0000% / 1h	21m 08s	$104K	$5K	10x
Short	Phoenix AAVE	146.39	−0.0027	pay 0.0003% / 1h	21m 08s	$5K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against dYdX. 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

Position, each leg$Hold fordaysFee dYdXbpFee PhoenixbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$5.76
Price spread: +0.116% → +0.056%: $6.07
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$16.69
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 58 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX live order book, 58 min ago	158.47 bp	165.3 bp −$165	165.5 bp −$1,655	165.5 bp −$16.6K	265.7 bp −$132.9K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	−0.0074%	1h	145.98	−0.164%	$5K	$305K	10x	as long as short
Phoenix AAVEshort	−0.0027%	1h	146.39	+0.116%	$5K	$99K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.02	−0.137%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	146.13	−0.062%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	146.22	long leg	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.18	−0.027%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.10	−0.085%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	−0.079%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.333%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0040%	8h	146.07	−0.103%	$66.6M	$186.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0040%	8h	146.09	−0.089%	$29.9M	$26.0M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.05	−0.116%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.98	−0.164%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	146.09	−0.089%	$17.9M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.08	−0.096%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	−0.171%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.25	+0.019%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.16	−0.041%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.08	−0.092%	$805K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.24	+0.014%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.16	−0.042%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	−0.012%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	−0.089%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.13	−0.062%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.103%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.03	−0.130%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.04	−0.123%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.10	−0.082%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.18	−0.027%	$347K	$748K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.06	−0.113%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.60	−0.426%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.68	−0.369%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.78	−0.301%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.16	−0.041%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.99	−0.155%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.20	−0.014%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.09	−0.089%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.93	−0.197%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.17	−0.032%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.06	−0.109%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.10	−0.082%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.11	−0.075%	$789K	$3.0M	50x	as long as short