AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h +0.001%

Price spread now: Phoenix against Injective+5.425%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 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 5.425% dearer against Injective than usual: you sell high and buy low (spread +5.425% now, against zero (this spread has no 7-day history yet)): +$542 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8 months. Mind the row above: over the last 7 days funding on this pair paid +0.098%, 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	11m 46s	$422	$51K	12x
Short	Phoenix AAVE	144.39	−0.0044	pay 0.0005% / 1h	11m 46s	$5K	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now +5.425%Rate

Funding earned: −$16.21
Price spread: +5.425% → 0.000%: $542.49
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $519.27
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 41 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 41 min ago	0.69 bp	13.8 bp −$14	46.4 bp −$464	doesn't fit	doesn't fit

Injective: 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
Deribit AAVE_USDC-PERPETUAL	−0.0374%	1h	144.03	+5.162%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0158%	1h	143.98	+5.126%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	144.03	+5.162%	$11K	$2K	5x	as long as short
Phoenix AAVEshort	−0.0044%	1h	144.39	+5.425%	$5K	$101K	10x
dYdX AAVE-USD	0.0000%	1h	144.15	+5.246%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.05	+5.177%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.08	+5.196%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.15	+5.252%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	143.99	+5.132%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0050%	8h	143.99	+5.133%	$65.6M	$184.9M	75x	as long as short
MEXC AAVE_USDT	+0.0050%	8h	144.00	+5.140%	$31.2M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.02	+5.155%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.01	+5.147%	$17.4M	$66.0M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.03	+5.162%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0079%	1h	144.26	+5.330%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	+5.275%	$451K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.22	+5.299%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.06	+5.183%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.09	+5.206%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	+5.164%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	+5.140%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.15	+5.250%	$80.1M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	+5.184%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	+5.171%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.02	+5.155%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.06	+5.184%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.08	+5.199%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.97	+5.118%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.02	+5.155%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	+5.228%	$380K	$708K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+5.336%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.28	+5.343%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.08	+5.199%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.99	+5.131%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.12	+5.227%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.02	+5.155%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+5.385%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.98	+5.128%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0170%	8h	144.02	+5.155%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+5.513%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.07	+5.191%	$124K	—	100x	as long as short