Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h −0.028%

Price spread now: Kraken Futures against Aster+0.089%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now +0.089%, 7d avg +0.016%

Together, before fees+0.025%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.072% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.137%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	141.70	0.0100	pay 0.0100% / 8h	58m 44s	$1.2M	$1.2M	50x
Short	Kraken Futures PF_AAVEUSD	141.83	0.0270	get 0.0034% / 1h	58m 44s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.089%Rate

Funding earned: $35.71
Price spread: +0.089% → +0.016%: $7.22
Slippage, 4 orders: −$30.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$5.29
Costs to cover: 0.482%
Break-even: 8.0 days

Slippage from Aster: live order book, 4 min ago; Kraken Futures: live order book, 5 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 Aster live order book, 4 min ago	2.11 bp	11.2 bp −$11	29.7 bp −$297	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	3.87 bp	10.2 bp −$10	14.1 bp −$141	115.4 bp −$11.5K	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	−0.0131%	1h	141.72	+0.017%	$825K	$396K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0032%	1h	141.72	+0.014%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.66	−0.031%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	+0.049%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.75	+0.032%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.345%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.69	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0081%	8h	141.71	+0.007%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.289%	$5K	$97K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.81	+0.075%	$4.5M	$2.4M	10x	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	141.60	−0.074%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.78	+0.056%	$77.5M	$36.9M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	141.70	long leg	$1.2M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	141.65	−0.038%	$323K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.63	−0.050%	$63.5M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.62	−0.057%	$61.2M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.63	−0.050%	$16.9M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.72	+0.014%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	+0.046%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.62	−0.057%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.63	−0.050%	$24.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.65	−0.035%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.61	−0.064%	$28.9M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.63	−0.050%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	+0.099%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.88	+0.126%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.92	+0.158%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.95	+0.176%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.79	+0.063%	$140K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.78	+0.060%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.71	+0.007%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.91	+0.149%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.76	+0.042%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.59	−0.081%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.74	+0.027%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	141.78	+0.056%	$389K	$728K	10x	as long as short
01 Exchange AAVEUSD	+0.0168%	1h	141.86	+0.113%	$10K	$2K	5x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.74	+0.028%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.67	−0.023%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.73	+0.022%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.29	+0.416%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0270%	1h	141.83	+0.089%	$3.4M	$2.1M	50x