AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0199%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.060%

Price spread now: ApeX Omni against Coinbase International−0.028%75s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as 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−$530.535% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.028%, 7d avg −0.066%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.038% dearer against Coinbase International than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.066%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.166% in total) that is about 38 hours. The two prices were read 75 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	Coinbase International AAVE-PERP-INTX	141.86	0.0240	pay 0.0030% / 1h	56m 14s	$752K	$2.2M	50x
Short	ApeX Omni AAVEUSDT	141.82	0.0041	get 0.0005% / 1h	56m 14s	$132K	$221K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.028%Rate

Funding earned: −$41.7
Price spread: −0.028% → −0.066%: $3.79
Slippage, 4 orders: −$33.49
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$91.4
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: live order book, 53 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 Coinbase International live order book, 1 min ago	5.29 bp	12.9 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	5.32 bp	13.6 bp −$14	103.5 bp −$1,035	doesn't fit	doesn't fit

AAVE on 42 exchanges

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	−0.5178%	1h	141.09	−0.543%	$207K	$323K	50x	as long as short
SoDEX AAVE-USD	−0.0122%	1h	141.85	−0.007%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.89	+0.019%	$102K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.86	0.000%	$41K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.89	+0.018%	$79K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0008%	1h	141.79	−0.049%	$10K	$1K	5x	as long as short
Phemex AAVEUSDT	+0.0012%	8h	141.83	−0.021%	$3.9M	$3.6M	50x	as long as short
Bybit AAVEUSDT	+0.0024%	8h	141.78	−0.056%	$61.3M	$59.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.454%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDTshort	+0.0041%	1h	141.82	−0.028%	$132K	$221K	50x

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	141.75	−0.081%	—	—	20x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	+0.056%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.75	−0.078%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.99	+0.094%	$4.6M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.74	−0.083%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.72	−0.102%	$815K	$310K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.89	+0.021%	$77.9M	$28.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.85	−0.010%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.89	+0.021%	$346K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.79	−0.047%	$63.9M	$162.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.80	−0.042%	$16.4M	$52.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.84	−0.014%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.80	−0.042%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.79	−0.049%	$22.0M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.83	−0.021%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.76	−0.070%	$29.2M	$15.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.78	−0.056%	—	$42.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.98	+0.085%	$386K	$600K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.71	−0.105%	$3.7M	$692K	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.75	−0.076%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.85	−0.007%	$453K	$3.2M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.80	−0.042%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.76	−0.068%	$2K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.16	+0.213%	$660K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	−0.056%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.72	−0.096%	$913K	$1.5M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.80	−0.042%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.79	−0.047%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.85	−0.007%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0240%	1h	141.86	long leg	$752K	$2.2M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.90	+0.025%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.90	+0.031%	$3.5M	$1.9M	50x	as long as short