AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Backpack against Extended+0.016%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.016%, 7d avg +0.076%

Together, before fees+0.010%+ Points / potential airdropExtended: Active · farm board+$1 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: Backpack is 0.060% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	142.54	0.0104	pay 0.0013% / 1h	31m 56s	$892K	$1.7M	50x
Short	Backpack AAVE_USDC_PERP	142.56	0.0100	get 0.0013% / 1h	31m 56s	$336K	$718K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.84
Price spread: +0.016% → +0.076%: −$6.02
Slippage, 4 orders: −$15.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.98
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Backpack: live order book, 27 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 Extended live order book, 1 min ago	2.46 bp	5.4 bp −$5	17.5 bp −$175	doesn't fit	doesn't fit
Sell Backpack live order book, 27 min ago	1.40 bp	9.3 bp −$9	552.8 bp −$5,528	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	−0.0160%	1h	142.32	−0.152%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.41	−0.088%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.37	−0.117%	$43K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.45	−0.061%	$221K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.47	−0.044%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0016%	1h	142.38	−0.114%	$839K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.913%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.40	−0.095%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	142.43	−0.075%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0055%	1h	142.44	−0.068%	$5K	$299K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	141.63	−0.636%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.53	−0.002%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.39	−0.100%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.56	+0.016%	$76.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.56	+0.014%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.42	−0.085%	$326K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.65	+0.078%	$63.8M	$186.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.63	+0.065%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.67	+0.093%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.44	−0.068%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.731%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.66	+0.086%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.61	+0.051%	$25.2M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.55	+0.009%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.51	−0.019%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.62	+0.058%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERPshort	+0.0100%	1h	142.56	+0.016%	$336K	$718K	10x
Variational Omni AAVE	+0.0100%	8h	141.38	−0.812%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.50	−0.725%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.672%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.57	−0.679%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.49	−0.033%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.37	−0.119%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.56	+0.014%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.41	−0.089%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	142.54	long leg	$892K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.49	−0.036%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.39	−0.106%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.22	−0.223%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.47	−0.047%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.55	+0.006%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.59	+0.037%	$790K	$2.8M	50x	as long as short