AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Backpack−0.089%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.089% cheaper against Backpack than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	144.51	0.0100	pay 0.0013% / 1h	15m 51s	$377K	$704K	10x
Short	gTrade (Gains Network) AAVE/USD	144.38	L +0.0005% / S −0.0004%	get 0.0000% / 1h	15m 51s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.089%Rate

Funding earned: −$20.19
Price spread: −0.089% → 0.000%: −$8.86
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$49.05
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 8 min ago; gTrade (Gains Network): 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 Backpack live order book, 8 min ago	0.35 bp	8.2 bp −$8	143.5 bp −$1,435	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Deribit AAVE_USDC-PERPETUAL	−0.0235%	1h	144.36	−0.104%	$254K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0171%	1h	144.35	−0.111%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.31	−0.138%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	−0.166%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.27	−0.167%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.36	−0.104%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	144.38	−0.089%	$70K	—	150x
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.47	−0.024%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.225%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.27	−0.167%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.32	−0.131%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0048%	8h	144.25	−0.180%	$65.6M	$184.7M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.33	−0.125%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.28	−0.159%	$17.4M	$66.1M	50x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.26	−0.173%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0055%	1h	144.42	−0.062%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	144.18	−0.230%	$455K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0091%	1h	144.26	−0.170%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.47	−0.027%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.39	−0.083%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.27	−0.169%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.20	−0.218%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.39	−0.083%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	−0.110%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.25	−0.181%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.27	−0.166%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.24	−0.187%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.33	−0.125%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.24	−0.187%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.24	−0.187%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	144.51	long leg	$377K	$704K	10x
Variational Omni AAVE	+0.0100%	8h	144.27	−0.168%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	−0.257%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.36	−0.104%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.26	−0.174%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.70	+0.133%	$720K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.34	−0.118%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	−0.121%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.21	−0.206%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0168%	8h	144.18	−0.228%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.104%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.35	−0.111%	$124K	—	100x	as long as short