AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.005%

Price spread now: RISEx against Backpack+0.146%7-day average −0.015% · 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−$8as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.146%, 7d avg −0.015%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.161% dearer against Backpack than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AAVE_USDC_PERP	143.61	0.0172	pay 0.0022% / 1h	57m 49s	$341K	$727K	10x
Short	RISEx AAVE/USDC	143.82	0.0256	get 0.0032% / 1h	57m 49s	$197K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.146%Rate

Funding earned: $17.59
Price spread: +0.146% → −0.015%: $16.1
Slippage, 4 orders: −$8.03
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.66
Costs to cover: 0.240%
Break-even: 3.2 days

Slippage from Backpack: live order book, 51 min ago; RISEx: live order book, 50 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, 51 min ago	0.35 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 50 min ago	1.40 bp	4.4 bp −$4	8.7 bp −$87	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
Nado AAVE-PERP	−0.0055%	1h	143.62	+0.003%	$834K	$400K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.66	+0.032%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.62	+0.007%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.53	−0.056%	$218K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.57	−0.024%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.631%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.62	+0.008%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0075%	8h	143.54	−0.049%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.61	−0.001%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.58	−0.019%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVE	+0.0100%	1h	143.71	+0.066%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.44	−0.118%	$64.5M	$191.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.51	−0.070%	$61.8M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.49	−0.084%	$17.3M	$65.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.86	+0.174%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	+0.209%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.52	−0.063%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.52	−0.063%	$25.0M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.56	−0.035%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.50	−0.077%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.53	−0.056%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.75	+0.096%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.81	+0.141%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	+0.181%	$455K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.88	+0.188%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.78	+0.118%	$142K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.52	−0.065%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.51	−0.070%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.60	−0.010%	$682K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.56	−0.035%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.46	−0.102%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.54	−0.046%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	144.03	+0.292%	$4K	$105K	10x	as long as short
01 Exchange AAVEUSD	+0.0152%	1h	143.83	+0.153%	$11K	$2K	5x	as long as short
Backpack AAVE_USDC_PERPlong	+0.0172%	1h	143.61	long leg	$341K	$727K	10x
BloFin AAVE-USDT	+0.0220%	8h	143.57	−0.028%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.61	−0.001%	$112K	—	100x	as long as short
RISEx AAVE/USDCshort	+0.0256%	1h	143.82	+0.146%	$197K	$263K	10x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.68	+0.049%	$767K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0314%	1h	143.60	−0.007%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0320%	1h	143.61	−0.001%	$4.5M	$2.4M	10x	as long as short
Hyperliquid AAVE	+0.0352%	1h	143.69	+0.056%	$78.5M	$37.3M	10x	as long as short