Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.029%

Price spread now: Kraken Futures against Bitget−0.074%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.488%+$49 · spread now −0.074%, 7d avg +0.048%

Together, before fees+0.375%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.122% cheaper against Bitget than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.048%). If the spread goes back, that is −$12 on $10k: about 2.8 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.113%, 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	Bitget AAVEUSDT	143.47	0.0100	pay 0.0100% / 8h	3h 31m	$29.2M	$18.2M	75x
Short	Kraken Futures PF_AAVEUSD	143.36	0.0247	get 0.0031% / 1h	31m 44s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.074%Rate

Funding earned: $30.89
Price spread: −0.074% → +0.048%: −$12.2
Slippage, 4 orders: −$26.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.46
Costs to cover: 0.481%
Break-even: 13.7 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Bitget live order book, 2 min ago	0.35 bp	9.6 bp −$10	13.8 bp −$138	50.9 bp −$5,094	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.53 bp	13.6 bp −$14	21.3 bp −$213	122.2 bp −$12.2K	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
dYdX AAVE-USD	0.0000%	1h	143.42	−0.038%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.30	−0.118%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.33	−0.098%	$219K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.33	−0.098%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0027%	1h	143.24	−0.160%	$837K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.538%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.52	+0.035%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.25	−0.150%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0051%	8h	143.27	−0.139%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	143.32	−0.105%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.34	−0.091%	$10K	$2K	5x	as long as short
Lighter AAVE	+0.0096%	1h	143.58	+0.077%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	−0.118%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.41	−0.039%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	−0.023%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.46	−0.007%	$64.1M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.44	−0.021%	$61.7M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.46	−0.007%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.68	+0.146%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.48	+0.007%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.43	−0.028%	$25.7M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.35	−0.084%	$10.4M	$9.4M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	143.47	long leg	$29.2M	$18.2M	75x
BingX AAVE-USDC	+0.0100%	8h	143.56	+0.063%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	−0.146%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.33	−0.101%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.37	−0.073%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.41	−0.042%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.37	−0.070%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.27	−0.141%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.29	−0.125%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.39	−0.053%	$689K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	−0.112%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.51	+0.026%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.36	−0.078%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0107%	1h	143.40	−0.049%	$337K	$720K	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.65	+0.123%	$186K	$252K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.33	−0.098%	$3.3M	$3.6M	100x	as long as short
Hyperliquid AAVE	+0.0236%	1h	143.54	+0.049%	$78.6M	$37.0M	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0247%	1h	143.36	−0.074%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.34	−0.093%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.146%	$788K	$2.8M	50x	as long as short