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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.027%
Price spread now: Phemex against gTrade (Gains Network)−0.220%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Phemex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Phemex is 0.220% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.220% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) AAVE/USD143.44L +0.0005% / S −0.0004%pay 0.0001% / 1h48m 32s$80K—150x
ShortPhemex AAVEUSDT143.120.0064get 0.0064% / 8h2h 48m$4.0M$3.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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
$12.4
Price spread: −0.220% → 0.000%
−$21.96
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$31.56
Costs to cover
0.220%
Break-even
24.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Phemex live order book, 5 min ago2.10 bp11.1 bp −$1118.6 bp −$186doesn't fitdoesn't fit
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit AAVE_USDC-PERPETUAL−0.0099%1h143.14−0.206%$219K$390K50xas long as short
Nado AAVE-PERP−0.0071%1h143.32−0.077%$836K$401K10xas long as short
dYdX AAVE-USD0.0000%1h143.15−0.198%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.06−0.261%$50K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDlongL +0.0005% / S −0.0004%1h143.44long leg$80K—150x
Injective AAVE/USDC PERP+0.0033%1h136.96−4.514%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.31−0.089%——20xas long as short
Orderly PERP_AAVE_USDC+0.0062%8h143.14−0.206%$18K$10K10xas long as short
Phemex AAVEUSDTshort+0.0064%8h143.12−0.220%$4.0M$3.6M50x
01 Exchange AAVEUSD+0.0088%1h143.41−0.017%$10K$2K5xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex AAVE-USD-PERP+0.0100%8h143.13−0.213%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h143.49+0.038%$78.4M$37.1M10xas long as short
Aster AAVEUSDT+0.0100%8h143.47+0.023%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h143.20−0.164%$328K$447K10xas long as short
Binance AAVEUSDT+0.0100%8h143.45+0.009%$64.1M$188.9M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.43−0.003%$61.5M$68.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.33−0.073%$17.2M$64.8M50xas long as short
Arcus AAVE-USD+0.0100%1h143.43−0.003%$64K$199K10xas long as short
Bulk AAVE-USD+0.0100%1h142.94−0.346%$58K−$010xas long as short
Gate AAVE_USDT+0.0100%8h143.21−0.157%$8.1M$16.1M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.42−0.010%$25.9M$23.9M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.36−0.052%$10.3M$9.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.31−0.087%$29.3M$18.3M75xas long as short
BingX AAVE-USDT+0.0100%8h143.49+0.038%—$43.5M—as long as short
Backpack AAVE_USDC_PERP+0.0100%1h143.16−0.192%$336K$724K10xas long as short
Variational Omni AAVE+0.0100%8h143.19−0.171%$3.7M$1.3M—as long as short
edgeX AAVEUSDC+0.0100%4h142.82−0.427%$105K$281K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.14−0.206%$449K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.14−0.206%$133K$222K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.40−0.024%$134K$453K10xas long as short
SunX AAVE-USDT+0.0100%8h143.15−0.199%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.05−0.268%$5K$311K10xas long as short
HTX AAVE-USDT+0.0100%8h143.26−0.121%$684K$5.2M75xas long as short
Extended AAVE-USD+0.0104%1h143.24−0.139%$909K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h143.17−0.182%$121K$14610xas long as short
Phoenix AAVE+0.0118%1h142.89−0.380%$4K$106K10xas long as short
RISEx AAVE/USDC+0.0207%1h143.41−0.019%$187K$251K10xas long as short
BloFin AAVE-USDT+0.0220%8h143.10−0.234%$3.3M$3.6M100xas long as short
Kraken Futures PF_AAVEUSD+0.0237%1h143.13−0.211%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h143.41−0.017%$112K—100xas long as short
Lighter AAVE+0.0328%1h143.40−0.026%$4.5M$2.4M10xas long as short
Coinbase International AAVE-PERP-INTX+0.0376%1h143.18−0.178%$779K$2.8M50xas long as short