AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Backpack−4.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.009% cheaper against Backpack than usual: you would sell low and buy high (−$401 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	142.68	0.0100	pay 0.0013% / 1h	8m 16s	$335K	$722K	10x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	8m 16s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.009%Rate

Funding earned: −$14
Price spread: −4.009% → 0.000%: −$400.9
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$424.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 46 min ago; Injective: no order-book sample. Net counts fees only.

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, 46 min ago	0.35 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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
dYdX AAVE-USD	0.0000%	1h	142.71	+0.021%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.52	−0.112%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.85	+0.119%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.88	+0.140%	$80K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−4.009%	$422	$51K	12x
Phoenix AAVE	+0.0033%	1h	142.74	+0.042%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0036%	1h	142.74	+0.039%	$831K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.79	+0.074%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	142.85	+0.119%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	142.82	+0.098%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.73	+0.033%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.92	+0.168%	$78.1M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.84	+0.110%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.70	+0.011%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.88	+0.142%	$63.8M	$188.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.90	+0.154%	$61.4M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.86	+0.126%	$17.1M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.84	+0.112%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.97	+0.203%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.84	+0.112%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.81	+0.091%	$25.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.76	+0.056%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.85	+0.119%	$29.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.87	+0.133%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERPlong	+0.0100%	1h	142.68	long leg	$335K	$722K	10x
Variational Omni AAVE	+0.0100%	8h	142.66	−0.015%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.93	+0.173%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.96	+0.196%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.98	+0.210%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.86	+0.126%	$132K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.88	+0.139%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.84	+0.112%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.95	+0.189%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.80	+0.082%	$904K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.84	+0.112%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.87	+0.130%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.81	+0.093%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.49	−0.133%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.92	+0.170%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.88	+0.137%	$112K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.87	+0.130%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.91	+0.161%	$781K	$2.8M	50x	as long as short