AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Pacifica−0.029%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.029%, 7d avg −0.073%

Together, before fees−0.066%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.044% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	146.41	0.0100	pay 0.0013% / 1h	51m 24s	$334K	$504K	10x
Short	Extended AAVE-USD	146.37	0.0104	get 0.0013% / 1h	51m 24s	$940K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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 PacificabpFee ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.84
Price spread: −0.029% → −0.073%: $4.36
Slippage, 4 orders: −$14.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.55
Costs to cover: 0.277%
Break-even: 194.9 days

Slippage from Pacifica: live order book, 27 min ago; Extended: live order book, 2 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 Pacifica live order book, 27 min ago	2.41 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.73 bp	5.2 bp −$5	18.9 bp −$189	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
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.24	−0.116%	$256K	$412K	50x	as long as short
SoDEX AAVE-USD	−0.0041%	1h	146.23	−0.122%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.35	−0.041%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.42	+0.007%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.32	−0.061%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.32	−0.061%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.49	+0.057%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.48	+0.048%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.454%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.44	+0.021%	$31.0M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.45	+0.028%	$66.7M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.38	−0.023%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.44	+0.021%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	146.42	+0.007%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.44	+0.021%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.26	−0.102%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.59	+0.121%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.033%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.41	0.000%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.42	+0.008%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	146.41	long leg	$334K	$504K	10x
Bybit AAVEUSDT	+0.0100%	8h	146.44	+0.021%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.41	0.000%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.423%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.42	+0.007%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.43	+0.014%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.44	+0.021%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.064%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.058%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	−0.011%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.088%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.47	+0.041%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.19	−0.149%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.28	−0.090%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.25	−0.109%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	146.37	−0.029%	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.46	+0.034%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.25	−0.109%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0185%	1h	146.59	+0.123%	$81.0M	$34.3M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0245%	1h	146.38	−0.020%	$353K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.50	+0.059%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.014%	$795K	$3.0M	50x	as long as short