AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.261%

Price spread now: Deribit against SoDEX+0.007%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.304%−$30 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.007%, 7d avg −0.004%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	141.30	0.0100	pay 0.0013% / 1h	36m 57s	$5K	$286K	10x
Short	Deribit AAVE_USDC-PERPETUAL	141.31	0	get 0.0000% / 1h	36m 57s	$213K	$392K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21
Price spread: +0.007% → −0.004%: $1.12
Slippage, 4 orders: −$11.98
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$46.87
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Deribit: live order book, 62 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 SoDEX live order book, 2 min ago	0.35 bp	5.0 bp −$5	9.4 bp −$94	93.9 bp −$9,395	doesn't fit
Sell Deribit live order book, 62 min ago	4.93 bp	8.4 bp −$8	16.0 bp −$160	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	141.30	+0.003%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.26	−0.028%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	141.31	+0.007%	$213K	$392K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.34	+0.025%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.071%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.25	−0.035%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.27	−0.021%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.46	+0.111%	$4.5M	$2.5M	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.28	−0.014%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.35	+0.039%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.34	+0.032%	$825K	$396K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.46	+0.111%	$77.4M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.33	+0.018%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.35	+0.035%	$323K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.28	−0.017%	$63.3M	$189.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.21	−0.064%	$60.9M	$68.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.21	−0.064%	$16.9M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.40	+0.071%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.52	+0.156%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.30	0.000%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.32	+0.014%	$23.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.34	+0.028%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.23	−0.050%	$28.9M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.27	−0.021%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.88	+0.409%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.59	+0.207%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.53	+0.164%	$444K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.93	+0.446%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.40	+0.071%	$140K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.30	0.000%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	141.30	long leg	$5K	$286K	10x
HTX AAVE-USDT	+0.0100%	8h	141.62	+0.225%	$670K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.34	+0.028%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.22	−0.055%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.27	−0.020%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.06	+0.538%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.32	+0.014%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.34	+0.031%	$185K	$280K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.32	+0.012%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.41	+0.078%	$749K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.36	+0.043%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0306%	1h	141.46	+0.113%	$386K	$728K	10x	as long as short