AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Backpack−5.185%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

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 −$2 a day on $10k at the current rate, and Injective is 5.185% cheaper against Backpack than usual: you would sell low and buy high (−$519 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	144.45	0.0100	pay 0.0013% / 1h	22m 31s	$322K	$693K	10x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	22m 31s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.185%Rate

Funding earned: −$14
Price spread: −5.185% → 0.000%: −$518.52
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$542.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 41 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 Backpack live order book, 41 min ago	0.35 bp	6.7 bp −$7	106.5 bp −$1,065	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
Deribit AAVE_USDC-PERPETUAL	−0.0512%	1h	144.33	−0.083%	$229K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.53	+0.055%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.46	+0.010%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.19	−0.180%	$61K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.44	−0.005%	$81K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−5.185%	$422	$51K	12x
Nado AAVE-PERP	+0.0042%	1h	144.51	+0.042%	$834K	$433K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.40	−0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.41	−0.028%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.88	−0.395%	$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	144.65	+0.139%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.54	+0.063%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.58	+0.088%	$78.2M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.59	+0.095%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.53	+0.053%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.43	−0.014%	$64.6M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.43	−0.014%	$61.6M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.42	−0.021%	$17.3M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.56	+0.076%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.372%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.47	+0.014%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.54	+0.062%	$26.0M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.56	+0.076%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.44	−0.007%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.44	−0.007%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	144.45	long leg	$322K	$693K	10x
Variational Omni AAVE	+0.0100%	8h	143.70	−0.522%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.84	−0.421%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.58	−0.605%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.92	−0.367%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.48	+0.021%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.43	−0.014%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.39	−0.042%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.34	−0.074%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.36	−0.062%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.49	+0.029%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.44	−0.010%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.58	+0.092%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.38	−0.048%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.43	−0.014%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.48	+0.021%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.332%	$783K	$2.8M	50x	as long as short