AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: RISEx against Backpack−0.070%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.070%, 7d avg −0.016%

Together, before fees−0.017%−$2 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: RISEx is 0.054% cheaper against Backpack than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	145.40	0.0100	pay 0.0013% / 1h	48m 12s	$382K	$703K	10x
Short	RISEx AAVE/USDC	145.30	0.0097	get 0.0012% / 1h	48m 12s	$181K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$0.53
Price spread: −0.070% → −0.016%: −$5.42
Slippage, 4 orders: −$8.17
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$30.12
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Backpack: live order book, 40 min ago; RISEx: live order book, 40 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, 40 min ago	0.68 bp	6.4 bp −$6	134.6 bp −$1,346	doesn't fit	doesn't fit
Sell RISEx live order book, 40 min ago	1.62 bp	4.6 bp −$5	10.3 bp −$103	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
Deribit AAVE_USDC-PERPETUAL	−0.0369%	1h	145.25	−0.103%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0158%	1h	145.25	−0.103%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.22	−0.124%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	−0.199%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.30	−0.067%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.28	−0.083%	$74K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.32	−0.055%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.43	+0.022%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0019%	1h	145.02	−0.261%	$135K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.805%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.24	−0.109%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.22	−0.124%	$17.7M	$65.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	145.24	−0.110%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0064%	8h	145.24	−0.110%	$7.8M	$15.6M	75x	as long as short
Nado AAVE-PERP	+0.0065%	1h	145.24	−0.113%	$806K	$445K	10x	as long as short
MEXC AAVE_USDT	+0.0079%	8h	145.22	−0.124%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0079%	8h	145.21	−0.128%	$66.0M	$181.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.43	+0.020%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDCshort	+0.0097%	1h	145.30	−0.070%	$181K	$242K	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	145.33	−0.046%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.37	−0.019%	$81.2M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.32	−0.054%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	−0.027%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.26	−0.096%	$61.9M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.29	−0.076%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.181%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.24	−0.110%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.25	−0.103%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.27	−0.089%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	145.40	long leg	$382K	$703K	10x
Variational Omni AAVE	+0.0100%	8h	144.98	−0.292%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.27	−0.091%	$100K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.95	−0.311%	$459K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.30	−0.069%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.18	−0.149%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.45	+0.037%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.24	−0.110%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.24	−0.109%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.29	−0.076%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0200%	8h	145.11	−0.199%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.028%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.32	−0.056%	$125K	—	100x	as long as short