Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.042%

Price spread now: Kraken Futures against BloFin+0.089%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.089%, 7d avg +0.036%

Together, before fees−0.275%−$27 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 Kraken Futures is 0.054% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.302%, 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	BloFin AAVE-USDT	142.43	0.0220	pay 0.0220% / 8h	1h 06m	$3.3M	$3.6M	100x
Short	Kraken Futures PF_AAVEUSD	142.56	0.0316	get 0.0040% / 1h	6m 35s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.089%Rate

Funding earned: $20.21
Price spread: +0.089% → +0.036%: $5.38
Slippage, 4 orders: −$22.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.89
Costs to cover: 0.445%
Break-even: 13.5 days

Slippage from BloFin: 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 BloFin live order book, 2 min ago	0.35 bp	8.8 bp −$9	12.9 bp −$129	32.1 bp −$3,213	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.46 bp	10.9 bp −$11	13.8 bp −$138	124.4 bp −$12.4K	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	142.43	−0.002%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.43	0.000%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.46	+0.021%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.46	+0.022%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.840%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.29	−0.100%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0069%	1h	142.34	−0.060%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.43	0.000%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+0.035%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.56	+0.095%	$4.5M	$2.5M	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	142.36	−0.051%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.45	+0.013%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.42	−0.004%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.38	−0.035%	$64.0M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.36	−0.049%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.35	−0.056%	$17.0M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.48	+0.035%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	−0.056%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.40	−0.021%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.41	−0.014%	$24.4M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.43	0.000%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.33	−0.070%	$29.1M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.38	−0.035%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.30	−0.092%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.206%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	−0.162%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	−0.211%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	−0.007%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.29	−0.095%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.46	+0.021%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.61	+0.126%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.44	+0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.32	−0.076%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.47	+0.028%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.45	+0.014%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0163%	1h	142.60	+0.119%	$391K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0166%	1h	142.50	+0.049%	$77.9M	$36.9M	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	142.43	long leg	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.48	+0.032%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.45	+0.012%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	−0.098%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0316%	1h	142.56	+0.089%	$3.4M	$2.1M	50x