Funding you earn now, next payment 02:00 UTC−1.9869%/8h= −2175.7% APRnext payment −$24.84 per $10,000 · paid last 24h −0.315%
Price spread now: Deribit against Extended−2.000%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.507%−$51 on $10k
+Price spread, last 3 days (all we have)+2.152%+$215 · spread now −2.000%, 7d avg +0.042%
=Together, before fees+1.644%+ Points / potential airdropExtended: Active · farm board+$164 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$596 a day on $10k at the current rate, and Deribit is 2.042% cheaper against Extended than usual: you would sell low and buy high (−$204 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
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 −$24.84 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 | Extended AAVE-USD | 144.39 | 0.0104 | pay 0.0013% / 1h | 47m 24s | $922K | $1.7M | 50x |
| Short | Deribit AAVE_USDC-PERPETUAL | 141.50 | −1.9765 | pay 0.2471% / 1h | 47m 24s | $246K | $362K | 50x |
Extended AAVE-USD
Deribit AAVE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- −$4,172.49
- Price spread: −2.000% → +0.042%
- −$204.2
- Slippage, 4 orders
- −$21.24
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$4,409.93
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Deribit: live order book, 17 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 Extended live order book, 1 min ago | 3.46 bp | 6.1 bp −$6 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 17 min ago | 6.54 bp | 10.1 bp −$10 | 15.3 bp −$153 | 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 | −1.9765% | 1h | 141.50 | −2.000% | $246K | $362K | 50x | |
| 01 Exchange AAVEUSD | −0.0040% | 1h | 144.49 | +0.071% | $11K | $2K | 5x | as long as short |
| Kraken Futures PF_AAVEUSD | −0.0034% | 1h | 144.49 | +0.073% | $3.5M | $2.0M | 50x | as long as short |
| ApeX Omni AAVEUSDT | −0.0033% | 1h | 144.58 | +0.133% | $134K | $230K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.45 | +0.042% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.67 | +0.195% | $65K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.44 | +0.038% | $70K | — | 150x | as long as short |
| Phoenix AAVE | +0.0006% | 1h | 144.68 | +0.202% | $5K | $98K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.144% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0039% | 8h | 144.43 | +0.029% | $27.6M | $24.7M | 200x | as long as short |
01 Exchange AAVEUSD
Kraken Futures PF_AAVEUSD
ApeX Omni AAVEUSDT
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 | +0.0041% | 8h | 144.42 | +0.022% | $65.1M | $185.1M | 75x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0043% | 8h | 144.38 | −0.005% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.37 | −0.014% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0065% | 8h | 144.30 | −0.061% | $17.5M | $66.1M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 144.42 | +0.022% | $122K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0089% | 1h | 144.51 | +0.085% | $183K | $231K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.59 | +0.137% | $4.6M | $1.4M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.47 | +0.058% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 144.44 | +0.033% | $799K | $427K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.50 | +0.077% | $78.5M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.48 | +0.066% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.46 | +0.047% | $330K | $435K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.44 | +0.036% | $61.8M | $65.3M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.49 | +0.071% | $45K | $199K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.44 | +0.036% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 144.40 | +0.008% | $7.8M | $15.0M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.49 | +0.071% | $10.8M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.42 | +0.022% | $30.0M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 144.42 | +0.022% | — | $44.1M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.50 | +0.078% | $324K | $750K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.23 | −0.107% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.51 | +0.088% | $104K | $318K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 144.54 | +0.107% | $456K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.45 | +0.043% | $125K | $417K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.35 | −0.028% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 144.42 | +0.022% | $5K | $302K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.78 | +0.268% | $703K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.40 | +0.008% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USDlong | +0.0104% | 1h | 144.39 | long leg | $922K | $1.7M | 50x | |
| BloFin AAVE-USDT | +0.0147% | 8h | 144.53 | +0.098% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0366% | 1h | 144.43 | +0.032% | $129K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 144.89 | +0.348% | $777K | $2.9M | 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-USDT
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