AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.5799%/8h= −635.0% APRnext payment −$7.25 per $10,000 · paid last 24h −0.305%

Price spread now: Deribit against RISEx−0.573%7-day average −0.018% · 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−$87as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.357%−$36 on $10k

Price spread, last 3 days (all we have)+0.656%+$66 · spread now −0.573%, 7d avg −0.018%

Together, before fees+0.298%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$174 a day on $10k at the current rate, and Deribit is 0.555% cheaper against RISEx than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.357% in total (about -37.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	144.29	0.0089	pay 0.0011% / 1h	19m 04s	$200K	$229K	10x
Short	Deribit AAVE_USDC-PERPETUAL	143.46	−0.5710	pay 0.0714% / 1h	19m 04s	$244K	$363K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now −0.573%Rate

Funding earned: −$1,217.89
Price spread: −0.573% → −0.018%: −$55.49
Slippage, 4 orders: −$18.43
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,304.81
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from RISEx: live order book, 49 min ago; Deribit: live order book, 45 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 RISEx live order book, 49 min ago	2.63 bp	5.6 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Deribit live order book, 45 min ago	6.54 bp	10.1 bp −$10	15.3 bp −$153	doesn't fit	doesn't fit

AAVE on 41 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-PERPETUALshort	−0.5710%	1h	143.46	−0.573%	$244K	$363K	50x
01 Exchange AAVEUSD	−0.0040%	1h	144.26	−0.019%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.37	+0.058%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.15	−0.094%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.088%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.22	−0.046%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.376%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.078%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.22	−0.046%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.27	−0.012%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0065%	8h	144.30	+0.009%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0065%	8h	144.53	+0.169%	$65.3M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0079%	8h	144.50	+0.148%	$17.3M	$65.4M	50x	as long as short
RISEx AAVE/USDClong	+0.0089%	1h	144.29	long leg	$200K	$229K	10x
Lighter AAVE	+0.0096%	1h	144.48	+0.136%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.30	+0.006%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.26	−0.017%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.24	−0.029%	$802K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.47	+0.127%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.22	−0.045%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.18	−0.073%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.51	+0.155%	$61.8M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	−0.012%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.108%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.30	+0.009%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.26	−0.019%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.35	+0.044%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.40	+0.078%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.47	+0.127%	$322K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.133%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.61	+0.223%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.363%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.63	+0.238%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.28	−0.005%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.19	−0.070%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.28	−0.005%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.30	+0.012%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.31	+0.016%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.23	−0.042%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0244% / S −0.0376%	1h	144.18	−0.073%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.002%	$776K	$2.8M	50x	as long as short