AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0382%/8h= −41.8% APRnext payment −$0.48 per $10,000 · paid last 24h −0.053%

Price spread now: SoDEX against Aevo−0.028%7-day average −0.025% · 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−$110as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on Aevo Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.028%, 7d avg −0.025%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.078% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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	Aevo AAVE-PERP	143.74	0.0088	pay 0.0011% / 1h	58m 41s	$121K	$146	10x
Short	SoDEX AAVE-USD	143.70	−0.0294	pay 0.0037% / 1h	58m 41s	$5K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Aevo. 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 AevobpFee SoDEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$80.14
Price spread: −0.028% → −0.025%: −$0.27
Slippage, 4 orders: −$85.45
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$189.86
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Aevo: live order book, 25 min ago; SoDEX: live order book, 25 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 Aevo live order book, 25 min ago	34.26 bp	48.4 bp −$48	288.9 bp −$2,889	doesn't fit	doesn't fit
Sell SoDEX live order book, 25 min ago	0.35 bp	5.1 bp −$5	10.0 bp −$100	96.4 bp −$9,638	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
Deribit AAVE_USDC-PERPETUAL	−0.0376%	1h	143.75	+0.007%	$252K	$489K	50x	as long as short
Nado AAVE-PERP	−0.0308%	1h	143.68	−0.042%	$795K	$438K	10x	as long as short
SoDEX AAVE-USDshort	−0.0294%	1h	143.70	−0.028%	$5K	$298K	10x
01 Exchange AAVEUSD	−0.0256%	1h	143.63	−0.077%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.51	−0.160%	$5K	$98K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.80	+0.039%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.50	−0.167%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.83	+0.064%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.717%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0041%	8h	143.56	−0.125%	$65.2M	$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
MEXC AAVE_USDT	+0.0042%	8h	143.58	−0.111%	$31.0M	$25.6M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.75	+0.004%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	143.63	−0.073%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.72	−0.014%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.125%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.57	−0.118%	$17.3M	$65.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0055%	1h	143.79	+0.033%	$3.4M	$2.1M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	143.58	−0.111%	$133K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.69	−0.035%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERPlong	+0.0088%	1h	143.74	long leg	$121K	$146	10x
GRVT AAVE_USDT_Perp	+0.0089%	8h	143.62	−0.083%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.75	+0.010%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.56	−0.123%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	−0.014%	$78.9M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.70	−0.027%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	−0.102%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.61	−0.090%	$61.0M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.60	−0.097%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.58	−0.111%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.58	−0.111%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.60	−0.097%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.84	+0.070%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	−0.064%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.53	−0.144%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.84	+0.070%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.66	−0.054%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.70	−0.028%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.74	0.000%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.59	−0.105%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	143.71	−0.021%	$3.5M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.83	+0.065%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	+0.042%	$772K	$3.0M	50x	as long as short