AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Aevo against Backpack−0.080%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.577%+$58 · spread now −0.080%, 7d avg −0.008%

Together, before fees+0.580%+$58 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: Aevo is 0.071% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	144.57	0.0100	pay 0.0013% / 1h	20m 58s	$322K	$693K	10x
Short	Aevo AAVE-PERP	144.46	0.0104	get 0.0013% / 1h	20m 58s	$122K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.080%Rate

Funding earned: $0.84
Price spread: −0.080% → −0.008%: −$7.14
Slippage, 4 orders: −$61.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$94.03
Costs to cover: 0.877%
Break-even: 790.6 days

Slippage from Backpack: live order book, 43 min ago; Aevo: live order book, 43 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 Backpack live order book, 43 min ago	0.35 bp	6.7 bp −$7	106.5 bp −$1,065	doesn't fit	doesn't fit
Sell Aevo live order book, 43 min ago	21.82 bp	35.9 bp −$36	189.2 bp −$1,892	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
01 Exchange AAVEUSD	−0.0056%	1h	144.51	−0.042%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	−0.168%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.33	−0.166%	$61K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.40	−0.118%	$229K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.46	−0.074%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.264%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.48	−0.065%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.44	−0.090%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0046%	1h	144.43	−0.097%	$834K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.88	−0.477%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.63	+0.042%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.47	−0.071%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.60	+0.021%	$78.2M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.53	−0.029%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.42	−0.104%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.49	−0.055%	$64.7M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	−0.062%	$61.6M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.49	−0.055%	$17.3M	$63.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.53	−0.028%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.455%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.49	−0.055%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.51	−0.042%	$26.0M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.52	−0.035%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.46	−0.076%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.49	−0.055%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	144.57	long leg	$322K	$693K	10x
Variational Omni AAVE	+0.0100%	8h	144.42	−0.105%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.84	−0.503%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.31	−0.183%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.28	−0.201%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.54	−0.021%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.49	−0.055%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.43	−0.097%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.57	−0.003%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.42	−0.104%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.44	−0.088%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	144.46	−0.080%	$122K	$146	10x
RISEx AAVE/USDC	+0.0195%	1h	144.57	+0.001%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.54	−0.021%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.45	−0.082%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.51	−0.041%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.415%	$783K	$2.8M	50x	as long as short