Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.023%
Price spread now: Phoenix against Paradex+0.077%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Phoenix is 0.077% dearer against Paradex than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex AAVE-USD-PERP | 144.09 | 0.0100 | pay 0.0100% / 8h | 6h 42m | $13K | $4K | 20x |
| Short | Phoenix AAVE | 144.20 | 0.0006 | get 0.0001% / 1h | 42m 22s | $5K | $98K | 10x |
Paradex AAVE-USD-PERP
Phoenix AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. 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
- −$19.79
- Price spread: +0.077% → 0.000%
- $7.65
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.14
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 71 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 71 min ago | 0.69 bp | 13.8 bp −$14 | 46.2 bp −$462 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0034% | 1h | 144.41 | +0.222% | $3.5M | $2.0M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0032% | 1h | 143.94 | −0.104% | $11K | $2K | 5x | as long as short |
| ApeX Omni AAVEUSDT | −0.0009% | 1h | 144.47 | +0.264% | $134K | $230K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.07 | −0.014% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.59 | +0.347% | $65K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 144.30 | +0.146% | $251K | $362K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.94 | −0.107% | $70K | — | 150x | as long as short |
| Phoenix AAVEshort | +0.0006% | 1h | 144.20 | +0.077% | $5K | $98K | 10x | |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.948% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0044% | 8h | 143.92 | −0.118% | $27.3M | $24.7M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
ApeX Omni AAVEUSDT
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_AAVE_USDC | +0.0044% | 8h | 143.87 | −0.153% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.91 | −0.126% | — | — | 20x | as long as short |
| Binance AAVEUSDT | +0.0044% | 8h | 143.86 | −0.159% | $64.9M | $185.1M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0067% | 8h | 143.89 | −0.139% | $17.4M | $65.8M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0089% | 1h | 144.01 | −0.056% | $184K | $232K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.18 | +0.063% | $4.6M | $1.4M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0096% | 1h | 143.92 | −0.118% | $122K | $146 | 10x | as long as short |
| Phemex AAVEUSDT | +0.0096% | 8h | 144.35 | +0.181% | $4.1M | $3.8M | 50x | as long as short |
| Paradex AAVE-USD-PERPlong | +0.0100% | 8h | 144.09 | long leg | $13K | $4K | 20x | |
| Nado AAVE-PERP | +0.0100% | 1h | 143.97 | −0.080% | $800K | $429K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.05 | −0.028% | $78.2M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 143.97 | −0.084% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.05 | −0.028% | $329K | $435K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.89 | −0.139% | $61.6M | $65.3M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.00 | −0.062% | $45K | $188K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.44 | +0.243% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.97 | −0.083% | $7.7M | $15.0M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.07 | −0.014% | $10.8M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 143.81 | −0.194% | $29.9M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 143.87 | −0.153% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.28 | +0.132% | $324K | $750K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.28 | +0.134% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.38 | +0.198% | $104K | $318K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 144.19 | +0.069% | $464K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.97 | −0.083% | $125K | $417K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.52 | +0.296% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 144.29 | +0.139% | $5K | $302K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.44 | +0.247% | $700K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.91 | −0.125% | $922K | $1.7M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0147% | 8h | 144.53 | +0.306% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0366% | 1h | 143.94 | −0.104% | $129K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 144.64 | +0.382% | $778K | $2.8M | 50x | as long as short |
Orderly PERP_AAVE_USDC
Reya AAVERUSDPERP
Binance AAVEUSDT
OKX AAVE-USDT-SWAP
RISEx AAVE/USDC
Lighter AAVE
Aevo AAVE-PERP
Phemex AAVEUSDT
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
Extended AAVE-USD
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX