AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Extended against Backpack−0.075%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.075%, 7d avg −0.076%

Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	141.72	0.0100	pay 0.0013% / 1h	49m 12s	$336K	$712K	10x
Short	Extended AAVE-USD	141.61	0.0104	get 0.0013% / 1h	49m 12s	$895K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0.84
Price spread: −0.075% → −0.076%: $0.16
Slippage, 4 orders: −$15.92
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.92
Costs to cover: 0.309%
Break-even: 256.4 days

Slippage from Backpack: live order book, 10 min ago; Extended: live order book, 4 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 Backpack live order book, 10 min ago	1.40 bp	8.2 bp −$8	115.7 bp −$1,157	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.46 bp	5.8 bp −$6	20.5 bp −$205	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
01 Exchange AAVEUSD	−0.0160%	1h	141.83	+0.078%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0103%	1h	141.70	−0.014%	$223K	$396K	50x	as long as short
SoDEX AAVE-USD	−0.0082%	1h	141.58	−0.099%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.07	+0.250%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.69	−0.021%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.67	−0.035%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.359%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.84	+0.086%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.69	−0.021%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.03	+0.219%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0066%	1h	141.97	+0.180%	$832K	$438K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.63	−0.065%	$4.5M	$1.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.01	+0.208%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.74	+0.014%	$76.5M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.83	+0.080%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.99	+0.191%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.65	−0.049%	$63.5M	$184.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.63	−0.064%	$60.6M	$66.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.65	−0.049%	$17.0M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.95	+0.162%	$44K	$183K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.67	−0.035%	$7.9M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.63	−0.064%	$25.1M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.62	−0.071%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.55	−0.120%	$28.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.64	−0.056%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	141.72	long leg	$336K	$712K	10x
Variational Omni AAVE	+0.0100%	8h	142.06	+0.240%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.49	+0.545%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.52	+0.564%	$450K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.05	+0.233%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.92	+0.141%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.59	−0.095%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.09	+0.262%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.60	−0.085%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.675%	$58K	$2K	10x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	141.61	−0.075%	$895K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	141.51	−0.145%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.93	+0.145%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.55	−0.120%	$3.3M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	141.89	+0.121%	$120K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0327%	1h	141.65	−0.047%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	141.73	+0.007%	$767K	$2.8M	50x	as long as short