AAVE

Alert

Funding spread now, next payment 14:00 UTC−0.0239%/8h

next payment, per $10,000−$0.30paid, last 24h−0.016%paid, last 7 days+0.006%to open and close $10k−$28

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 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	Hyperliquid AAVE	146.17	0.0339	pay 0.0042% / 1h	0m 42s	$82.6M	$23.4M	10x
Short	Backpack AAVE_USDC_PERP	145.99	0.0100	get 0.0013% / 1h	0m 42s	$307K	$496K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BackpackbpOrdersRate

Funding earned: −$50.16
Slippage, 4 orders: −$9.31
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$78.47
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Backpack: live order book, 60 min ago.

Price risk

price view

Price gap now: −0.121%
Avg gap 7d: −0.093%

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 Hyperliquid live order book, 4 min ago	0.34 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 60 min ago	0.34 bp	7.5 bp −$7	235.7 bp −$2,357	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
Deribit AAVE_USDC-PERPETUAL	−1.9745%	1h	$223K	$303K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	$11K	$2K	5x	as long as short
OKX AAVE-USDT-SWAP	−0.0011%	8h	$18.2M	$64.0M	50x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	$80K	$1.3M	3.4x	as long as short
dYdX AAVE-USD	+0.0002%	1h	$105K	$5K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	$70K	—	150x	as long as short
Variational Omni AAVE	+0.0013%	8h	$3.8M	$1.3M	—	as long as short
SoDEX AAVE-USD	+0.0022%	1h	$5K	$289K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	$422	$239K	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	+0.0047%	8h	$18K	$18K	10x	as long as short
Phoenix AAVE	+0.0049%	1h	$4K	$72K	10x	as long as short
Phemex AAVEUSDT	+0.0087%	8h	$4.1M	$3.9M	50x	as long as short
Binance AAVEUSDT	+0.0091%	8h	$66.8M	$171.1M	75x	as long as short
MEXC AAVE_USDT	+0.0091%	8h	$25.8M	$23.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0092%	8h	$10.0M	$8.2M	75x	as long as short
RISEx AAVE/USDC	+0.0094%	1h	$192K	$246K	10x	as long as short
Lighter AAVE	+0.0096%	1h	$4.7M	$1.6M	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	$833K	$412K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	$364K	$310K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	$60.9M	$58.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	$47K	$363K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	$7.9M	$12.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	$30.0M	$15.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	—	$41.0M	—	as long as short
Backpack AAVE_USDC_PERPshort	+0.0100%	1h	$307K	$496K	10x
edgeX AAVEUSDC	+0.0100%	4h	$99K	$310K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	$135K	$246K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	$134K	$615K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	$744K	$4.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	$59K	$20K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	$917K	$1.2M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0212%	8h	$3.7M	$5.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0218% / S −0.0360%	1h	$131K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0257%	1h	$3.5M	$2.1M	50x	as long as short
Hyperliquid AAVElong	+0.0339%	1h	$82.6M	$23.4M	10x
Coinbase International AAVE-PERP-INTX	+0.0368%	1h	$827K	$3.3M	50x	as long as short