AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.008%

Price spread now: dYdX against Phoenix−0.104%7-day average −0.056% · you buy dearer than you sell

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

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now −0.104%, 7d avg −0.056%

Together, before fees−0.349%−$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.056%). If the spread goes back, that is −$5 on $10k: about 5.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	145.79	−0.0027	get 0.0003% / 1h	55m 33s	$5K	$102K	10x
Short	dYdX AAVE-USD	145.64	0	get 0.0000% / 1h	55m 33s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. 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 PhoenixbpFee dYdXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $5.76
Price spread: −0.104% → −0.056%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$16.1
Costs to cover: 0.170%
Break-even: 26.6 days

Slippage unknown: Phoenix: no order-book sample; dYdX: live order book, 18 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell dYdX live order book, 18 min ago	67.60 bp	78.8 bp −$79	198.6 bp −$1,986	210.6 bp −$21.1K	221.1 bp −$110.5K

Phoenix: 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
ApeX Omni AAVEUSDT	−0.0529%	1h	145.50	−0.199%	$135K	$229K	50x	as long as short
Phemex AAVEUSDT	−0.0215%	8h	145.84	+0.034%	$4.1M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.99	+0.136%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	−0.0109%	8h	145.52	−0.185%	$7.8M	$15.2M	75x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	145.32	−0.322%	$11K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0046%	8h	145.43	−0.247%	$62.0M	$66.0M	75x	as long as short
Phoenix AAVElong	−0.0027%	1h	145.79	long leg	$5K	$102K	10x
GRVT AAVE_USDT_Perp	−0.0027%	8h	145.42	−0.253%	$456K	$3.9M	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	145.84	+0.034%	$255K	$391K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	145.64	−0.104%	$104K	$5K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXAAVEPERP	0.0000%	8h	145.79	0.000%	$77K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.84	+0.034%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0025%	8h	145.54	−0.171%	$29.3M	$25.6M	200x	as long as short
Binance AAVEUSDT	+0.0026%	8h	145.42	−0.257%	$66.0M	$187.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.057%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.37	−0.285%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.80	+0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	145.38	−0.281%	$17.8M	$67.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.86	+0.049%	$123K	$146	10x	as long as short
SoDEX AAVE-USD	+0.0096%	1h	145.82	+0.021%	$5K	$305K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.75	−0.027%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.46	−0.225%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.38	−0.281%	$795K	$449K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.78	−0.007%	$79.6M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.58	−0.147%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.62	−0.119%	$332K	$504K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.43	−0.247%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	−0.182%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.72	−0.048%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.38	−0.281%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.50	−0.199%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.96	+0.117%	$348K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.84	+0.031%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.42	−0.253%	$105K	$316K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.47	−0.219%	$127K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.68	−0.078%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.86	+0.046%	$690K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.42	−0.255%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.45	−0.232%	$184K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0108%	8h	145.45	−0.233%	$3.4M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.82	+0.021%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.64	−0.103%	$780K	$3.1M	50x	as long as short