Aave spreads and order-book depth

Gemini has the tightest measured spread on Aave right now, at <$0.01 per AAVE (0.006 bps) on AAVE/USD, sampled 1 hour ago. RampAtlas reads 1 venue' public order books for AAVE every two hours and reports the spread, the resting depth within 1% of the mid, and what a market buy of $500, $5,000 or $50,000 would pay above the mid.

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Where AAVE trades tightest

ExchangePairSpread24h medianBid depth 1%Ask depth 1%$500 buy$5,000 buy$50,000 buySampled
GeminiAAVE/USD<$0.010.006 bps0.695 bps$59,020$12,9164.82 bps11.9 bps2,599 bps1 hour ago

Spread is the latest reading, shown as what crossing it costs on one AAVE and as a share of the mid in basis points; the median column is over the last 24 hours. Depth is the notional value of resting orders within 1% of the mid on each side, converted to US dollars. Slippage is what a market buy of that size would pay above the mid on the book we read, and is blank where the visible book could not fill it.

Spread history

AAVE spread over the last 7 daysOne panel per venue. Each point is a single order-book read; the vertical scale is that venue's own range, so panels show shape rather than comparing venues to one another. Compare levels in the table above.

  • Gemini

    AAVE/USD · 0.006 bps–32.0 bps

    Oct 50.006 bpsOct 5: 13.5 bpsOct 5: 12.5 bpsOct 5: 13.4 bpsOct 5: 9.53 bpsOct 6: 13.9 bpsOct 6: 12.3 bpsOct 6: 12.3 bpsOct 6: 12.0 bpsOct 6: 12.2 bpsOct 6: 13.0 bpsOct 6: 10.5 bpsOct 6: 12.1 bpsOct 6: 0.495 bpsOct 6: 0.060 bpsOct 6: 12.2 bpsOct 7: 0.518 bpsOct 7: 0.768 bpsOct 7: 0.964 bpsOct 7: 0.992 bpsOct 7: 0.706 bpsOct 7: 3.22 bpsOct 7: 0.707 bpsOct 7: 0.615 bpsOct 7: 13.5 bpsOct 8: 0.178 bpsOct 8: 0.523 bpsOct 8: 0.006 bpsOct 8: 0.694 bpsOct 8: 0.006 bpsOct 8: 0.087 bpsOct 8: 0.409 bpsOct 8: 13.2 bpsOct 9: 1.13 bpsOct 9: 1.10 bpsOct 9: 0.415 bpsOct 9: 0.481 bpsOct 9: 0.275 bpsOct 9: 0.306 bpsOct 9: 0.569 bpsOct 9: 1.67 bpsOct 9: 0.790 bpsOct 9: 0.684 bpsOct 9: 25.8 bpsOct 10: 0.508 bpsOct 10: 1.96 bpsOct 10: 2.56 bpsOct 10: 1.76 bpsOct 10: 0.248 bpsOct 10: 1.23 bpsOct 10: 0.267 bpsOct 10: 0.330 bpsOct 10: 0.770 bpsOct 10: 0.240 bpsOct 10: 0.900 bpsOct 10: 13.1 bpsOct 11: 0.149 bpsOct 11: 1.20 bpsOct 11: 0.495 bpsOct 11: 0.675 bpsOct 11: 0.845 bpsOct 11: 4.96 bpsOct 11: 0.396 bpsOct 11: 0.782 bpsOct 11: 1.14 bpsOct 11: 6.37 bpsOct 11: 0.070 bpsOct 11: 32.0 bpsOct 12: 0.695 bpsOct 12: 0.568 bpsOct 12: 0.773 bpsOct 12: 0.655 bpsOct 12: 0.427 bpsOct 12: 1.29 bpsOct 12: 0.006 bps

Method

Pairs are fixed per venue so each series measures the same book over time: the quote currency is chosen once, preferring US dollars, then dollar stablecoins, then euros or the venue's home currency. A non-dollar book's depth is converted using that book's own mid against AAVE's snapshot US dollar price.

Frequently Asked Questions

Which exchange has the tightest AAVE spread?
Gemini, at <$0.01 per AAVE (0.006 bps) on AAVE/USD as of the sample taken 1 hour ago. Spreads move, so this page is re-measured every two hours.
Does a tighter spread mean AAVE is cheaper to buy there?
Only in part. The spread is one of three costs: the trading fee, the spread you cross, and the deposit or card fee that got your money onto the venue. The fee pages put all three together for a given purchase size, and use the measured spread on this page wherever we have one.
What does 1% depth tell me?
It is the dollar value of orders resting within 1% of the mid price on one side of the book. A venue with a tight spread but shallow depth will still move against a large order — which is why the table also shows what $500, $5,000 and $50,000 market buys would pay.

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