AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Backpack against gTrade (Gains Network)+0.160%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.160% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	142.68	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	4m 05s	$80K	—	150x
Short	Backpack AAVE_USDC_PERP	142.91	0.0100	get 0.0013% / 1h	4m 05s	$335K	$721K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.160%Rate

Funding earned: $19.96
Price spread: +0.160% → 0.000%: $16.05
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $16.01
Costs to cover: 0.200%
Break-even: 1.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 55 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 55 min ago	1.40 bp	9.3 bp −$9	552.8 bp −$5,528	doesn't fit	doesn't fit

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
01 Exchange AAVEUSD	−0.0136%	1h	142.60	−0.057%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.60	−0.055%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	−0.029%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.69	+0.006%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	142.68	long leg	$80K	—	150x
Nado AAVE-PERP	+0.0012%	1h	142.56	−0.085%	$839K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.010%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.65	−0.024%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	142.65	−0.022%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.01	+0.231%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0074%	1h	142.68	−0.001%	$5K	$302K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.88	+0.139%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.58	−0.068%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.95	+0.189%	$77.8M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.65	−0.020%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.58	−0.071%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.77	+0.060%	$63.7M	$187.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.74	+0.041%	$61.3M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.75	+0.048%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	+0.006%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.106%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.82	+0.097%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.74	+0.041%	$25.1M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.70	+0.013%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.76	+0.055%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.78	+0.069%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERPshort	+0.0100%	1h	142.91	+0.160%	$335K	$721K	10x
Variational Omni AAVE	+0.0100%	8h	142.73	+0.034%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.88	+0.139%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	+0.135%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.90	+0.153%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.72	+0.027%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.56	−0.086%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.100%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.72	+0.027%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.62	−0.040%	$898K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.69	+0.009%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.66	−0.017%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.55	−0.092%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.68	+0.001%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.85	+0.118%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+0.168%	$793K	$2.8M	50x	as long as short