Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: Injective against Phoenix−6.518%112s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$9 on $10k
+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. Injective is 6.518% cheaper against Phoenix than usual: you would sell low and buy high (spread −6.518% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$652 on $10k: about 22 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAVE | 146.51 | 0 | get 0.0000% / 1h | 7m 25s | $5K | $102K | 10x |
| Short | Injective AAVE/USDC PERP | 136.96 | 0.0033 | get 0.0004% / 1h | 7m 25s | $422 | $51K | 12x |
Phoenix AAVE
Injective AAVE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7
- Price spread: −6.518% → 0.000%
- −$651.83
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$651.85
- Costs to cover
- 0.070%
- Break-even
- 658.9 days
Slippage unknown: Phoenix: live order book, 45 min ago; Injective: 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 Phoenix live order book, 45 min ago | 0.69 bp | 13.8 bp −$14 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.36 | −0.100% | $3.5M | $2.0M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0144% | 1h | 146.09 | −0.287% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0056% | 1h | 146.27 | −0.164% | $5K | $302K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.19 | −0.220% | $104K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.16 | −0.239% | $70K | $1.5M | 3.4x | as long as short |
| Phoenix AAVElong | 0.0000% | 1h | 146.51 | long leg | $5K | $102K | 10x | |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 146.30 | −0.143% | $255K | $367K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.11 | −0.271% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0025% | 8h | 146.10 | −0.280% | $28.6M | $25.9M | 200x | as long as short |
| Binance AAVEUSDT | +0.0026% | 8h | 146.14 | −0.254% | $66.2M | $183.3M | 75x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDT
Binance AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AAVE/USDC PERPshort | +0.0033% | 1h | 136.96 | −6.518% | $422 | $51K | 12x | |
| Orderly PERP_AAVE_USDC | +0.0044% | 8h | 146.27 | −0.164% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.04 | −0.320% | — | — | 20x | as long as short |
| Phemex AAVEUSDT | +0.0051% | 8h | 146.21 | −0.205% | $4.2M | $3.8M | 50x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0065% | 8h | 146.08 | −0.293% | $17.9M | $66.1M | 50x | as long as short |
| ApeX Omni AAVEUSDT | +0.0065% | 1h | 146.47 | −0.027% | $136K | $231K | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.33 | −0.123% | $124K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.39 | −0.081% | $4.7M | $1.5M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0099% | 8h | 146.54 | +0.020% | $3.5M | $3.5M | 100x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.23 | −0.190% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.17 | −0.232% | $799K | $422K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.22 | −0.198% | $79.7M | $35.3M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.26 | −0.170% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.21 | −0.205% | $334K | $469K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.14 | −0.253% | $62.6M | $64.8M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.17 | −0.232% | $46K | $275K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 146.18 | −0.225% | $7.9M | $15.3M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.14 | −0.253% | $11.0M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.06 | −0.307% | $30.3M | $18.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.07 | −0.300% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.22 | −0.198% | $334K | $742K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.27 | −0.163% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.47 | −0.024% | $106K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 146.52 | +0.007% | $466K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.16 | −0.239% | $127K | $416K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.28 | −0.154% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.39 | −0.081% | $711K | $5.2M | 75x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.28 | −0.157% | $59K | $2K | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.15 | −0.248% | $939K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.20 | −0.213% | $185K | $245K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0373% | 1h | 146.34 | −0.117% | $130K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.42 | −0.061% | $784K | $2.9M | 50x | as long as short |
Orderly PERP_AAVE_USDC
Reya AAVERUSDPERP
Phemex AAVEUSDT
OKX AAVE-USDT-SWAP
ApeX Omni AAVEUSDT
Aevo AAVE-PERP
Lighter AAVE
BloFin AAVE-USDT
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Bulk AAVE-USD
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX