AAVE

Alert

Funding spread now, next payment 14:00 UTC−0.0284%/8h

next payment, per $10,000−$0.36paid, last 24h−0.021%paid, last 7 days−0.123%to open and close $10k−$56

Long on Coinbase International Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	145.84	0.0384	pay 0.0048% / 1h	5m 51s	$788K	$3.3M	50x
Short	Backpack AAVE_USDC_PERP	145.69	0.0100	get 0.0013% / 1h	5m 51s	$306K	$509K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: −$59.64
Slippage, 4 orders: −$36.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$115.88
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Backpack: live order book, 49 min ago.

Price risk

price view

Price gap now: −0.103%
Avg gap 7d: −0.053%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 4 min ago	2.74 bp	11.3 bp −$11	15.2 bp −$152	doesn't fit	doesn't fit
Sell Backpack live order book, 49 min ago	1.38 bp	19.0 bp −$19	878.0 bp −$8,780	doesn't fit	doesn't fit

AAVE on 41 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	−0.0232%	1h	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0051%	1h	$5K	$285K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	$67K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	$227K	$295K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	$70K	—	150x	as long as short
OKX AAVE-USDT-SWAP	+0.0009%	8h	$18.0M	$64.6M	50x	as long as short
Variational Omni AAVE	+0.0021%	8h	$3.8M	$1.3M	—	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	$422	$197K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0051%	8h	$18K	$17K	10x	as long as short
Phemex AAVEUSDT	+0.0061%	8h	$4.1M	$3.9M	50x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	$24.8M	$23.4M	200x	as long as short
Phoenix AAVE	+0.0082%	1h	$4K	$74K	10x	as long as short
Binance AAVEUSDT	+0.0083%	8h	$66.1M	$171.6M	75x	as long as short
KuCoin AAVEUSDTM	+0.0090%	8h	$10.0M	$8.2M	75x	as long as short
RISEx AAVE/USDC	+0.0091%	1h	$193K	$249K	10x	as long as short
Gate AAVE_USDT	+0.0091%	8h	$7.9M	$13.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	$4.7M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	$14K	$3K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	$828K	$424K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	$81.6M	$23.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	$336K	$432K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	$60.4M	$60.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	$52K	$377K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	$59K	$20K	10x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	$29.7M	$15.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERPshort	+0.0100%	1h	$306K	$509K	10x
edgeX AAVEUSDC	+0.0100%	4h	$99K	$309K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	$135K	$239K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	$131K	$603K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	$2K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	$733K	$4.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	$1.0M	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	$3.7M	$5.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0228%	1h	$3.5M	$2.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0257% / S −0.0464%	1h	$131K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0384%	1h	$788K	$3.3M	50x