AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.064%

Price spread now: Kraken Futures against Arcus+0.059%7-day average +0.020% · 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−$47as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.155%−$16 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now +0.059%, 7d avg +0.020%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.039% dearer against Arcus than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.020%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	144.47	0.0100	pay 0.0013% / 1h	50m 07s	$45K	$236K	10x
Short	Kraken Futures PF_AAVEUSD	144.56	−0.0034	pay 0.0004% / 1h	50m 07s	$3.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$28.18
Price spread: +0.059% → +0.020%: $3.94
Slippage, 4 orders: −$36.62
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$75.36
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Arcus: live order book, 18 min ago; Kraken Futures: 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 Arcus live order book, 18 min ago	2.39 bp	10.4 bp −$10	25.1 bp −$251	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	6.25 bp	19.9 bp −$20	31.4 bp −$314	170.9 bp −$17.1K	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	−0.0056%	1h	144.46	−0.007%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0050%	1h	143.99	−0.332%	$134K	$230K	50x	as long as short
Kraken Futures PF_AAVEUSDshort	−0.0034%	1h	144.56	+0.059%	$3.5M	$2.0M	50x
dYdX AAVE-USD	0.0000%	1h	144.34	−0.091%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.14	−0.228%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.44	−0.021%	$251K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	−0.046%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.22	−0.173%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.198%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.50	+0.021%	$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	+0.0037%	8h	144.47	0.000%	$65.2M	$185.5M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0043%	8h	144.44	−0.021%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.37	−0.067%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	144.54	+0.048%	$17.5M	$66.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.46	−0.007%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.49	+0.014%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.66	+0.129%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.46	−0.006%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.35	−0.080%	$799K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.64	+0.118%	$78.6M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.44	−0.023%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	−0.030%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.52	+0.035%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.47	long leg	$45K	$236K	10x
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.062%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.55	+0.055%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.49	+0.014%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.49	+0.014%	$29.9M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.53	+0.042%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.61	+0.097%	$325K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.23	−0.164%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.420%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.95	−0.361%	$455K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.47	0.000%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.38	−0.064%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.45	−0.014%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.72	+0.174%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	0.000%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.41	−0.040%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0144%	8h	144.16	−0.215%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.40	−0.049%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.47	0.000%	$775K	$2.8M	50x	as long as short