AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: Injective against Phoenix−5.564%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 5.564% cheaper against Phoenix than usual: you would sell low and buy high (spread −5.564% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$556 on $10k: about 8 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	145.03	−0.0045	get 0.0006% / 1h	20m 36s	$5K	$100K	10x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	20m 36s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.564%Rate

Funding earned: $16.36
Price spread: −5.564% → 0.000%: −$556.44
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$547.1
Costs to cover: 0.070%
Break-even: 241.1 days

Slippage unknown: Phoenix: no order-book sample; Injective: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Phoenix and 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
01 Exchange AAVEUSD	−0.0144%	1h	145.15	+0.083%	$11K	$2K	5x	as long as short
Phoenix AAVElong	−0.0045%	1h	145.03	long leg	$5K	$100K	10x
SoDEX AAVE-USD	−0.0037%	1h	145.13	+0.069%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.14	+0.076%	$255K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.18	+0.104%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.11	+0.055%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.15	+0.084%	$70K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−5.564%	$422	$51K	12x
MEXC AAVE_USDT	+0.0036%	8h	145.12	+0.062%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.11	+0.058%	$66.1M	$185.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.06	+0.018%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.20	+0.116%	$181K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	145.09	+0.041%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.11	+0.055%	$17.6M	$66.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.27	+0.166%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0064%	8h	145.14	+0.076%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.18	+0.100%	$123K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.79	−0.169%	$457K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.32	+0.203%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.13	+0.070%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.16	+0.093%	$803K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.25	+0.152%	$79.8M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.18	+0.104%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.14	+0.077%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.11	+0.055%	$61.6M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.16	+0.090%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	+0.030%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.14	+0.076%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.13	+0.069%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.12	+0.062%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.21	+0.124%	$347K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	−0.250%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.72	−0.214%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	−0.179%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.19	+0.110%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.07	+0.030%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.25	+0.150%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.11	+0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.10	+0.046%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0145%	8h	145.11	+0.055%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.14	+0.076%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	+0.021%	$787K	$3.0M	50x	as long as short