Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.032%
Price spread now: Kraken Futures against Bybit+0.219%55s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)+0.197%+$20 · spread now +0.219%, 7d avg +0.052%
=The price spread pays, funding is against you. Kraken Futures is 0.167% dearer against Bybit than usual: you sell high and buy low (spread +0.219% now, against its 7-day average of +0.052%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.047% in total) that is about 25 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AAVEUSDT | 144.57 | 0.0100 | pay 0.0100% / 8h | 1h 36m | $61.4M | $65.6M | 75x |
| Short | Kraken Futures PF_AAVEUSD | 144.89 | 0.0054 | get 0.0007% / 1h | 36m 23s | $3.5M | $2.1M | 50x |
Bybit AAVEUSDT
Kraken Futures PF_AAVEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.64
- Price spread: +0.219% → +0.052%
- $16.74
- Slippage, 4 orders
- −$26.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$40.3
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.34 bp | 9.1 bp −$9 | 15.3 bp −$153 | 58.3 bp −$5,829 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 4.82 bp | 18.5 bp −$18 | 30.6 bp −$306 | 189.6 bp −$19.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAVE_USDC-PERPETUAL | −0.0233% | 1h | 144.80 | +0.159% | $254K | $480K | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0176% | 1h | 144.59 | +0.014% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0078% | 1h | 144.80 | +0.159% | $5K | $298K | 10x | as long as short |
| Phoenix AAVE | −0.0045% | 1h | 144.94 | +0.256% | $5K | $100K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.74 | +0.121% | $103K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.92 | +0.242% | $67K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.65 | +0.054% | $70K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.264% | $422 | $51K | 12x | as long as short |
| Binance AAVEUSDT | +0.0033% | 8h | 144.58 | +0.007% | $65.7M | $185.6M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0034% | 8h | 144.60 | +0.021% | $31.0M | $25.7M | 200x | as long as short |
Deribit AAVE_USDC-PERPETUAL
01 Exchange AAVEUSD
SoDEX AAVE-USD
Phoenix AAVE
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Binance AAVEUSDT
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.51 | −0.040% | — | — | 20x | as long as short |
| RISEx AAVE/USDC | +0.0046% | 1h | 144.66 | +0.066% | $180K | $246K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0049% | 8h | 144.48 | −0.062% | $17.6M | $66.6M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0050% | 8h | 144.57 | 0.000% | $18K | $12K | 10x | as long as short |
| Kraken Futures PF_AAVEUSDshort | +0.0054% | 1h | 144.89 | +0.219% | $3.5M | $2.1M | 50x | |
| Gate AAVE_USDT | +0.0055% | 8h | 144.61 | +0.028% | $7.8M | $15.8M | 75x | as long as short |
| Bulk AAVE-USD | +0.0080% | 1h | 144.69 | +0.080% | $61K | $3K | 10x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 144.83 | +0.183% | $122K | $146 | 10x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0092% | 8h | 144.94 | +0.257% | $463K | $3.8M | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.81 | +0.163% | $4.6M | $1.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.65 | +0.056% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 144.49 | −0.059% | $800K | $436K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.72 | +0.104% | $79.5M | $34.1M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.58 | +0.010% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.62 | +0.038% | $329K | $505K | 10x | as long as short |
| Bybit AAVEUSDTlong | +0.0100% | 8h | 144.57 | long leg | $61.4M | $65.6M | 75x | |
| Arcus AAVE-USD | +0.0100% | 1h | 144.63 | +0.042% | $50K | $273K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.58 | +0.007% | $10.0M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.53 | −0.028% | $30.1M | $18.3M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 144.56 | −0.007% | — | $44.0M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.87 | +0.208% | $380K | $713K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.69 | +0.082% | $3.8M | $1.4M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.85 | +0.196% | $103K | $315K | 20x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 144.96 | +0.270% | $135K | $229K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.61 | +0.028% | $127K | $467K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.79 | +0.155% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.00 | +0.298% | $695K | $5.0M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.76 | +0.131% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 144.59 | +0.014% | $929K | $1.8M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0140% | 8h | 144.84 | +0.187% | $3.4M | $4.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0267% / S −0.0438% | 1h | 144.64 | +0.051% | $124K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0272% | 1h | 145.26 | +0.477% | $783K | $3.0M | 50x | as long as short |
Reya AAVERUSDPERP
RISEx AAVE/USDC
OKX AAVE-USDT-SWAP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
Bulk AAVE-USD
Aevo AAVE-PERP
GRVT AAVE_USDT_Perp
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Arcus AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX