AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Backpack against RISEx+0.145%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.145%, 7d avg +0.017%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Backpack is 0.127% dearer against RISEx than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	144.48	0.0089	pay 0.0011% / 1h	48m 16s	$183K	$231K	10x
Short	Backpack AAVE_USDC_PERP	144.69	0.0100	get 0.0013% / 1h	48m 16s	$325K	$750K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against RISEx. 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 RISExbpFee BackpackbpOrdersPrice spread, now +0.145%Rate

Funding earned: $2.21
Price spread: +0.145% → +0.017%: $12.73
Slippage, 4 orders: −$10.14
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$11.21
Costs to cover: 0.261%
Break-even: 42.5 days

Slippage from RISEx: live order book, 20 min ago; Backpack: live order book, 21 min ago.

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 RISEx live order book, 20 min ago	2.63 bp	5.6 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Backpack live order book, 21 min ago	1.03 bp	7.4 bp −$7	375.8 bp −$3,758	doesn't fit	doesn't fit

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
Deribit AAVE_USDC-PERPETUAL	−1.9765%	1h	141.50	−2.063%	$246K	$362K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0166%	1h	144.26	−0.153%	$134K	$230K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	144.45	−0.021%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.49	+0.008%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.60	+0.084%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.51	+0.020%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	−0.049%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.138%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.206%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.38	−0.070%	$27.6M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0039%	8h	144.36	−0.084%	$65.1M	$184.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0043%	8h	144.36	−0.084%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.29	−0.130%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.39	−0.063%	$17.5M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.42	−0.043%	$122K	$146	10x	as long as short
RISEx AAVE/USDClong	+0.0089%	1h	144.48	long leg	$183K	$231K	10x
Lighter AAVE	+0.0096%	1h	144.75	+0.186%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.53	+0.034%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.47	−0.008%	$800K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.50	+0.013%	$78.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.52	+0.027%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.59	+0.077%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.38	−0.070%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.46	−0.015%	$45K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.055%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.35	−0.091%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.47	−0.008%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.39	−0.063%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.37	−0.077%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERPshort	+0.0100%	1h	144.69	+0.145%	$325K	$750K	10x
Variational Omni AAVE	+0.0100%	8h	144.23	−0.172%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.428%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.95	−0.369%	$455K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.47	−0.008%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.35	−0.093%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.42	−0.042%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.07	+0.408%	$704K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.59	+0.075%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.39	−0.063%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.034%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.38	−0.072%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.89	+0.283%	$777K	$2.9M	50x	as long as short