AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.021%

Price spread now: Backpack against Injective+3.892%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

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 +$4 a day on $10k at the current rate, and Backpack is 3.892% dearer against Injective than usual: you sell high and buy low: +$389 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	8m 56s	$422	$51K	12x
Short	Backpack AAVE_USDC_PERP	142.29	0.0158	get 0.0020% / 1h	8m 56s	$390K	$727K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now +3.892%Rate

Funding earned: $26.14
Price spread: +3.892% → 0.000%: $389.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: $405.28
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 35 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 35 min ago	0.35 bp	6.6 bp −$7	215.8 bp −$2,158	doesn't fit	doesn't fit

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
dYdX AAVE-USD	0.0000%	1h	142.18	+3.815%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.17	+3.804%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.18	+3.811%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.26	+3.868%	$80K	—	150x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	142.14	+3.783%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0072%	1h	142.13	+3.771%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.16	+3.797%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+4.030%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.32	+3.911%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.08	+3.741%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.15	+3.792%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.16	+3.800%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.09	+3.746%	$63.9M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.06	+3.724%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.10	+3.753%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.24	+3.855%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+3.935%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.12	+3.768%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.08	+3.738%	$24.4M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.10	+3.753%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.07	+3.731%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.09	+3.746%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.30	+3.898%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.35	+3.934%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.39	+3.961%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.41	+3.979%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.25	+3.862%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.13	+3.778%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.17	+3.804%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.59	+4.111%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.22	+3.841%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.02	+3.694%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.20	+3.825%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.19	+3.819%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERPshort	+0.0158%	1h	142.29	+3.892%	$390K	$727K	10x
Hyperliquid AAVE	+0.0166%	1h	142.24	+3.855%	$77.8M	$36.9M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.18	+3.811%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.26	+3.873%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.20	+3.827%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+3.892%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.26	+3.867%	$3.4M	$2.1M	50x	as long as short