Funding you earn now, next payment 01:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h +0.005%
Price spread now: Phemex against ApeX Omni+0.075%77s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.075%, 7d avg +0.003%
=The price spread pays, funding is against you. Phemex is 0.073% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.003%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.007% in total) that is about 2 months. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment. 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 | ApeX Omni AAVEUSDT | 146.26 | 0.0092 | pay 0.0011% / 1h | 27m 48s | $136K | $231K | 50x |
| Short | Phemex AAVEUSDT | 146.37 | −0.0202 | pay 0.0202% / 8h | 7h 27m | $4.2M | $3.8M | 50x |
ApeX Omni AAVEUSDT
Phemex AAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.63
- Price spread: +0.075% → +0.003%
- $7.27
- Slippage, 4 orders
- −$34.62
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$110.98
- Costs to cover
- 0.566%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 43 min ago; Phemex: live order book, 6 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 ApeX Omni live order book, 43 min ago | 5.14 bp | 13.3 bp −$13 | 114.3 bp −$1,143 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 3.76 bp | 13.2 bp −$13 | 18.4 bp −$184 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex AAVEUSDTshort | −0.0202% | 8h | 146.37 | +0.075% | $4.2M | $3.8M | 50x | |
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.51 | +0.170% | $3.5M | $2.0M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0152% | 1h | 146.32 | +0.041% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0105% | 1h | 146.42 | +0.109% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.36 | +0.067% | $104K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.31 | +0.034% | $78K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.31 | +0.034% | $5K | $102K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 146.46 | +0.137% | $255K | $369K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.44 | +0.124% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0019% | 8h | 146.36 | +0.068% | $29.2M | $25.8M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0019% | 8h | 146.36 | +0.069% | $66.3M | $183.9M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.359% | $422 | $51K | 12x | as long as short |
| Gate AAVE_USDT | +0.0038% | 8h | 146.40 | +0.096% | $7.9M | $15.2M | 75x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.33 | +0.050% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0047% | 8h | 146.43 | +0.116% | $18K | $10K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0061% | 8h | 146.34 | +0.055% | $18.0M | $66.6M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0077% | 8h | 146.14 | −0.082% | $3.5M | $3.5M | 100x | as long as short |
| Bybit AAVEUSDT | +0.0078% | 8h | 146.35 | +0.062% | $62.7M | $65.0M | 75x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0087% | 8h | 146.23 | −0.024% | $460K | $3.8M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.46 | +0.137% | $124K | $146 | 10x | as long as short |
| ApeX Omni AAVEUSDTlong | +0.0092% | 1h | 146.26 | long leg | $136K | $231K | 50x | |
| Lighter AAVE | +0.0096% | 1h | 146.62 | +0.243% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.38 | +0.083% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.33 | +0.048% | $800K | $423K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.43 | +0.116% | $79.9M | $35.3M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.45 | +0.130% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.38 | +0.082% | $334K | $502K | 10x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.43 | +0.116% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.36 | +0.066% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.42 | +0.109% | $10.2M | $8.8M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.31 | +0.034% | $30.4M | $17.9M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.37 | +0.075% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.50 | +0.164% | $334K | $737K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.16 | −0.067% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.15 | −0.074% | $105K | $319K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.41 | +0.103% | $128K | $426K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.34 | +0.057% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.54 | +0.195% | $712K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.29 | +0.020% | $937K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.45 | +0.132% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0233% / S −0.0363% | 1h | 146.41 | +0.099% | $128K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.42 | +0.109% | $786K | $2.9M | 50x | as long as short |
Binance AAVEUSDT
Injective AAVE/USDC PERP
Gate AAVE_USDT
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
BloFin AAVE-USDT
Bybit AAVEUSDT
GRVT AAVE_USDT_Perp
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX