AAVE

Alert

Funding spread now, next payment 15:00 UTC+0.0089%/8h

next payment, per $10,000+$0.11paid, last 24h+0.016%paid, last 5 days+0.084%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	143.65	0.0011	pay 0.0001% / 1h	17m 00s	$4K	$77K	10x
Short	Backpack AAVE_USDC_PERP	143.59	0.0100	get 0.0013% / 1h	17m 00s	$301K	$526K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BackpackbpOrdersRate

Funding earned: $18.68
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $1.68
Break-even: 6.4 days

Slippage unknown: Phoenix: no order-book sample; Backpack: live order book, 33 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.042%
Avg gap 7d: —

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 Phoenix no order-book sample	—	—	—	—	—
Sell Backpack live order book, 33 min ago	0.34 bp	6.6 bp −$7	256.6 bp −$2,566	doesn't fit	doesn't fit

Phoenix: 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 41 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.0099%	1h	$208K	$312K	50x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0051%	1h	$5K	$285K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0030%	1h	$133K	$239K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	$52K	$1.3M	3.4x	as long as short
Variational Omni AAVE	+0.0002%	8h	$3.8M	$1.3M	—	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	$69K	—	150x	as long as short
Phoenix AAVElong	+0.0011%	1h	$4K	$77K	10x
OKX AAVE-USDT-SWAP	+0.0017%	8h	$18.0M	$64.5M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	$422	$197K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	$18K	$17K	10x	as long as short
MEXC AAVE_USDT	+0.0068%	8h	$23.7M	$23.9M	200x	as long as short
Pacifica AAVE	+0.0068%	1h	$342K	$460K	10x	as long as short
Binance AAVEUSDT	+0.0069%	8h	$64.8M	$175.0M	75x	as long as short
Gate AAVE_USDT	+0.0074%	8h	$7.8M	$13.3M	75x	as long as short
KuCoin AAVEUSDTM	+0.0077%	8h	$10.2M	$8.2M	75x	as long as short
Phemex AAVEUSDT	+0.0078%	8h	$4.0M	$3.9M	50x	as long as short
RISEx AAVE/USDC	+0.0079%	1h	$189K	$250K	10x	as long as short
Bybit AAVEUSDT	+0.0079%	8h	$60.6M	$61.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	$4.7M	$1.7M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	$121K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	$819K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	$80.0M	$24.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	$58K	$405K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	$58K	$512	10x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	$29.3M	$15.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERPshort	+0.0100%	1h	$301K	$526K	10x
edgeX AAVEUSDC	+0.0100%	4h	$98K	$310K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	$132K	$611K	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	$713K	$4.5M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	$1.0M	$1.4M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0116%	1h	$3.4M	$2.0M	50x	as long as short
BloFin AAVE-USDT	+0.0189%	8h	$3.7M	$5.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0265% / S −0.0440%	1h	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0288%	1h	$776K	$3.1M	50x	as long as short