AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.018%

Price spread now: RISEx against Phoenix−0.080%50s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.368% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now −0.080%, 7d avg −0.057%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.023% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.057%). If the spread goes back, that is −$2 on $10k: about 21 hours of funding at the current rate (+$3 a day). The two prices were read 50 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	Phoenix AAVE	144.18	0.0118	pay 0.0015% / 1h	6m 17s	$4K	$106K	10x
Short	RISEx AAVE/USDC	144.06	0.0207	get 0.0026% / 1h	6m 17s	$200K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.080%Rate

Funding earned: $18.79
Price spread: −0.080% → −0.057%: −$2.31
Slippage, 4 orders: −$23.81
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.33
Costs to cover: 0.368%
Break-even: 14.6 days

Slippage from Phoenix: live order book, 33 min ago; RISEx: live order book, 42 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, 33 min ago	0.70 bp	14.0 bp −$14	54.4 bp −$544	doesn't fit	doesn't fit
Sell RISEx live order book, 42 min ago	1.40 bp	4.4 bp −$4	8.7 bp −$87	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
dYdX AAVE-USD	0.0000%	1h	143.95	−0.161%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.94	−0.166%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.06	−0.083%	$219K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.04	−0.094%	$81K	—	150x	as long as short
Nado AAVE-PERP	+0.0027%	1h	144.01	−0.118%	$837K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.008%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.97	−0.148%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0073%	8h	144.08	−0.069%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.97	−0.142%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.05	−0.092%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVE	+0.0100%	1h	144.03	−0.105%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.06	−0.083%	$64.8M	$191.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.03	−0.104%	$62.0M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.03	−0.104%	$17.3M	$65.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	−0.055%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.85	−0.230%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.00	−0.125%	$8.0M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.01	−0.118%	$25.1M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.07	−0.076%	$10.4M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.03	−0.104%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.02	−0.111%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.81	−0.257%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.85	−0.231%	$107K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.92	−0.180%	$455K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.89	−0.201%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.08	−0.069%	$143K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.00	−0.121%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.08	−0.069%	$5K	$314K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.10	−0.058%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.99	−0.132%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.00	−0.122%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.09	−0.061%	$122K	$146	10x	as long as short
Phoenix AAVElong	+0.0118%	1h	144.18	long leg	$4K	$106K	10x
01 Exchange AAVEUSD	+0.0120%	1h	144.06	−0.083%	$11K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0152%	1h	144.17	−0.007%	$78.8M	$37.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0173%	1h	144.10	−0.055%	$342K	$727K	10x	as long as short
RISEx AAVE/USDCshort	+0.0207%	1h	144.06	−0.080%	$200K	$262K	10x
BloFin AAVE-USDT	+0.0220%	8h	144.05	−0.090%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0235%	1h	144.16	−0.011%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	144.21	+0.022%	$4.6M	$2.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	144.05	−0.092%	$113K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	144.12	−0.042%	$771K	$2.9M	50x	as long as short