AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.3% APRnext payment +$0.32 per $10,000 · paid last 24h +0.073%

Price spread now: Coinbase International against Phoenix+0.456%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$510.515% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 4 days (all we have)−0.443%−$44 · spread now +0.456%, 7d avg +0.021%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.435% dearer against Phoenix than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	142.58	0.0118	pay 0.0015% / 1h	34m 57s	$4K	$106K	10x
Short	Coinbase International AAVE-PERP-INTX	143.23	0.0376	get 0.0047% / 1h	34m 57s	$778K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now +0.456%Rate

Funding earned: $54.24
Price spread: +0.456% → +0.021%: $43.54
Slippage, 4 orders: −$34.47
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $46.31
Costs to cover: 0.515%
Break-even: 1.0 days

Slippage from Phoenix: live order book, 5 min ago; Coinbase International: live order book, 4 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 Phoenix live order book, 5 min ago	0.70 bp	14.0 bp −$14	54.4 bp −$544	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.81 bp	9.8 bp −$10	15.0 bp −$150	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
Nado AAVE-PERP	−0.0004%	1h	143.10	+0.365%	$833K	$401K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.08	+0.351%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.06	+0.337%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.20	+0.435%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.22	+0.447%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.942%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.20	+0.437%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0055%	8h	143.19	+0.428%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	143.23	+0.456%	$18K	$10K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	143.22	+0.449%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	143.15	+0.403%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.84	+0.185%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.18	+0.422%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.75	+0.119%	$63.7M	$189.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.67	+0.063%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.61	+0.021%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.25	+0.470%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.040%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.79	+0.147%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.78	+0.140%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.80	+0.154%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.83	+0.175%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.78	+0.140%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	+0.142%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.65	+0.048%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	+0.098%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.73	+0.105%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.28	+0.491%	$135K	$460K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.14	+0.394%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.17	+0.414%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.678%	$686K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.73	+0.107%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.25	+0.468%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0114%	1h	143.10	+0.365%	$78.2M	$37.1M	10x	as long as short
Phoenix AAVElong	+0.0118%	1h	142.58	long leg	$4K	$106K	10x
Backpack AAVE_USDC_PERP	+0.0152%	1h	143.17	+0.414%	$336K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.21	+0.442%	$188K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.22	+0.449%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.26	+0.475%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.21	+0.440%	$112K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	143.37	+0.551%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0376%	1h	143.23	+0.456%	$778K	$2.9M	50x