AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0265%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.081%

Price spread now: GMX against Backpack+0.009%7-day average +0.015% · you sell dearer than you buy

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now +0.009%, 7d avg +0.015%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.138%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	140.40	0.0100	pay 0.0013% / 1h	51m 28s	$384K	$590K	10x
Short	GMX AAVE/USD [AAVE-USDC]	140.41	L +0.0255% / S −0.0365%	get 0.0046% / 1h	51m 28s	$110K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $55.71
Price spread: +0.009% → +0.015%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $33.09
Costs to cover: 0.220%
Break-even: 2.8 days

Slippage unknown: Backpack: live order book, 55 min ago; GMX: 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, 55 min ago	0.35 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 exchanges

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	−0.0462%	1h	140.32	−0.057%	$206K	$304K	50x	as long as short
SoDEX AAVE-USD	−0.0132%	1h	140.37	−0.021%	$7K	$216K	10x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	140.14	−0.185%	$10K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0007%	8h	140.13	−0.192%	$60.5M	$58.8M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.26	−0.098%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.41	+0.007%	$41K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.41	+0.009%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.450%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.10	−0.212%	—	—	20x	as long as short
Variational Omni AAVE	+0.0057%	8h	140.50	+0.070%	$3.6M	$758K	—	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.33	−0.050%	$17K	$2K	10x	as long as short
Phemex AAVEUSDT	+0.0089%	8h	140.37	−0.021%	$3.9M	$3.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	140.30	−0.069%	$4.5M	$2.1M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.65	+0.178%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.10	−0.212%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.39	−0.004%	$814K	$309K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.28	−0.085%	$76.9M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.26	−0.101%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.18	−0.155%	$342K	$300K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.14	−0.185%	$63.1M	$157.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.15	−0.178%	$16.1M	$50.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.27	−0.093%	$93K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.57	+0.124%	$165K	$20K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.17	−0.164%	$8.0M	$13.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.15	−0.178%	$22.4M	$21.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.20	−0.142%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.14	−0.185%	$28.8M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.14	−0.185%	—	$34.6M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	140.40	long leg	$384K	$590K	10x
edgeX AAVEUSDC	+0.0100%	4h	140.53	+0.091%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.61	+0.148%	$443K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.54	+0.100%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.22	−0.128%	$131K	$367K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.37	−0.023%	$2K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.58	+0.125%	$634K	$1.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.07	−0.233%	$908K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.37	−0.021%	$119K	—	10x	as long as short
RISEx AAVE/USDC	+0.0175%	1h	140.21	−0.139%	$172K	$229K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.36	−0.028%	$3.2M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0255% / S −0.0365%	1h	140.41	+0.009%	$110K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.93	+0.377%	$751K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0336%	1h	140.47	+0.049%	$3.4M	$1.8M	50x	as long as short