Settings8H · net · $10k
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Funding arb · Price arb /

AAVE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.002%
Price spread now: Phemex against Extended−0.063%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Long on ExtendedShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.063%, 7d avg +0.073%
Together, before fees+0.230%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.136% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AAVE-USD145.700.0104pay 0.0013% / 1h54m 43s$934K$1.7M50x
ShortPhemex AAVEUSDT145.61−0.0170pay 0.0170% / 8h7h 54m$4.1M$3.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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

Funding earned
−$57.49
Price spread: −0.063% → +0.073%
−$13.63
Slippage, 4 orders
−$20.33
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$108.46
Costs to cover
0.373%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago3.09 bp7.6 bp −$830.1 bp −$301doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago3.09 bp12.0 bp −$1221.3 bp −$213doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni AAVEUSDT−0.0529%1h145.50−0.139%$135K$229K50xas long as short
Kraken Futures PF_AAVEUSD−0.0185%1h145.58−0.085%$3.5M$2.1M50xas long as short
Phemex AAVEUSDTshort−0.0170%8h145.61−0.063%$4.1M$3.8M50x
01 Exchange AAVEUSD−0.0112%1h145.73+0.019%$11K$2K5xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0094%1h145.45−0.173%$254K$391K50xas long as short
Gate AAVE_USDT−0.0031%8h145.71+0.005%$7.8M$15.2M75xas long as short
Phoenix AAVE−0.0027%1h145.79+0.060%$5K$102K10xas long as short
GRVT AAVE_USDT_Perp−0.0027%8h145.42−0.193%$456K$3.9M10xas long as short
SoDEX AAVE-USD−0.0025%1h145.45−0.173%$5K$305K10xas long as short
dYdX AAVE-USD0.0000%1h145.63−0.052%$104K$5K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXAAVEPERP0.0000%8h145.72+0.012%$77K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.49−0.149%$70K—150xas long as short
Binance AAVEUSDT+0.0025%8h145.69−0.008%$66.1M$187.8M75xas long as short
MEXC AAVE_USDT+0.0026%8h145.66−0.029%$29.2M$25.6M200xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.000%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h145.37−0.225%——20xas long as short
Orderly PERP_AAVE_USDC+0.0051%8h145.42−0.194%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0065%8h145.69−0.008%$17.8M$67.2M50xas long as short
Bybit AAVEUSDT+0.0067%8h145.69−0.008%$62.2M$66.1M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.69−0.010%$123K$14610xas long as short
Lighter AAVE+0.0096%1h145.82+0.079%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.69−0.012%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.38−0.221%$795K$449K10xas long as short
Hyperliquid AAVE+0.0100%1h145.75+0.033%$79.6M$35.4M10xas long as short
Aster AAVEUSDT+0.0100%8h145.67−0.022%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.70−0.002%$332K$504K10xas long as short
Arcus AAVE-USD+0.0100%1h145.75+0.033%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h145.52−0.122%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.62−0.056%$10.0M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.67−0.022%$30.2M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h145.71+0.005%—$6.5M—as long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.63−0.050%$348K$744K10xas long as short
Variational Omni AAVE+0.0100%8h145.84+0.091%$3.8M$1.3M—as long as short
edgeX AAVEUSDC+0.0100%4h145.42−0.193%$105K$316K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.47−0.159%$127K$454K10xas long as short
SunX AAVE-USDT+0.0100%8h145.41−0.203%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.53−0.115%$685K$5.1M75xas long as short
Extended AAVE-USDlong+0.0104%1h145.70long leg$934K$1.7M50x
BloFin AAVE-USDT+0.0105%8h145.45−0.173%$3.5M$4.1M100xas long as short
RISEx AAVE/USDC+0.0107%1h145.79+0.057%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0269% / S −0.0449%1h145.48−0.154%$127K—100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h145.64−0.043%$780K$3.1M50xas long as short