AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.007%

Price spread now: Backpack against ApeX Omni+0.109%84s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.428% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.268%−$27 · spread now +0.109%, 7d avg −0.002%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.111% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	146.22	0.0100	pay 0.0013% / 1h	51m 39s	$136K	$228K	50x
Short	Backpack AAVE_USDC_PERP	146.38	0.0245	get 0.0031% / 1h	51m 39s	$353K	$733K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now +0.109%Rate

Funding earned: $30.39
Price spread: +0.109% → −0.002%: $11.13
Slippage, 4 orders: −$22.8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1.28
Costs to cover: 0.428%
Break-even: 7.3 days

Slippage from ApeX Omni: live order book, 25 min ago; Backpack: live order book, 27 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 ApeX Omni live order book, 25 min ago	6.90 bp	14.3 bp −$14	93.3 bp −$933	doesn't fit	doesn't fit
Sell Backpack live order book, 27 min ago	0.34 bp	7.0 bp −$7	196.5 bp −$1,965	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	−0.0092%	1h	146.24	+0.014%	$256K	$412K	50x	as long as short
SoDEX AAVE-USD	−0.0041%	1h	146.23	+0.007%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.30	+0.055%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.42	+0.137%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.32	+0.068%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.32	+0.068%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.24	+0.016%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.48	+0.178%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.333%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.36	+0.096%	$31.0M	$25.6M	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	+0.0043%	8h	146.37	+0.105%	$66.7M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.21	−0.010%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.21	−0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.36	+0.096%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.37	+0.103%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.26	+0.027%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.59	+0.250%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	+0.096%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.23	+0.007%	$809K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.39	+0.116%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.41	+0.129%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.36	+0.096%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.41	+0.130%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.294%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.39	+0.116%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.40	+0.123%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.40	+0.123%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	+0.065%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	+0.071%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	+0.118%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	146.22	long leg	$136K	$228K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	146.28	+0.041%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.19	−0.020%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.28	+0.040%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.25	+0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.37	+0.100%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.46	+0.163%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.25	+0.021%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0187%	1h	146.59	+0.253%	$81.0M	$34.3M	10x	as long as short
Backpack AAVE_USDC_PERPshort	+0.0245%	1h	146.38	+0.109%	$353K	$733K	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.26	+0.028%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.144%	$795K	$3.0M	50x	as long as short