AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h −0.022%

Price spread now: Orderly against Phemex+0.007%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAVEUSDT	145.10	0.0100	pay 0.0100% / 8h	1h 13m	$4.1M	$3.8M	50x
Short	Orderly PERP_AAVE_USDC	145.11	0.0051	get 0.0051% / 8h	1h 13m	$18K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now +0.007%Rate

Funding earned: −$10.35
Price spread: +0.007% → 0.000%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.66
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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 Phemex live order book, 5 min ago	4.48 bp	13.3 bp −$13	21.0 bp −$210	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	−0.0136%	1h	145.12	+0.014%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.16	+0.041%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0040%	1h	145.11	+0.007%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.15	+0.034%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.24	+0.094%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.07	−0.021%	$66K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.18	+0.052%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.610%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.12	+0.014%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0036%	8h	145.07	−0.021%	$66.1M	$185.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.11	+0.004%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.13	+0.020%	$181K	$244K	10x	as long as short
Orderly PERP_AAVE_USDCshort	+0.0051%	8h	145.11	+0.007%	$18K	$12K	10x
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.26	+0.107%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0056%	8h	145.06	−0.028%	$17.6M	$66.8M	50x	as long as short
Gate AAVE_USDT	+0.0063%	8h	145.10	0.000%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.15	+0.032%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	+0.161%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.01	−0.059%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.06	−0.025%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.09	−0.007%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.22	+0.083%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.14	+0.030%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.13	+0.024%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.06	−0.028%	$61.7M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.014%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.018%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.13	+0.021%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.14	+0.028%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.11	+0.007%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.22	+0.083%	$347K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.10	−0.002%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.96	−0.095%	$104K	$317K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.94	−0.110%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.21	+0.076%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.09	−0.005%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.49	+0.269%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDTlong	+0.0100%	8h	145.10	long leg	$4.1M	$3.8M	50x
Extended AAVE-USD	+0.0104%	1h	145.05	−0.038%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0145%	8h	145.12	+0.014%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.17	+0.048%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.028%	$787K	$3.0M	50x	as long as short