AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0236%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.103%

Price spread now: Kraken Futures against Coinbase International+0.143%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

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

costs, in and out, $10k−$570.575% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$31 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.143%, 7d avg −0.038%

Together, before fees−0.395%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.181% dearer against Coinbase International than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of −0.038%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	144.36	0.0248	pay 0.0031% / 1h	30m 37s	$777K	$3.0M	50x
Short	Kraken Futures PF_AAVEUSD	144.57	0.0012	get 0.0002% / 1h	30m 37s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$49.49
Price spread: +0.143% → −0.038%: $18.11
Slippage, 4 orders: −$37.49
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.87
Costs to cover: 0.575%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Coinbase International live order book, 3 min ago	5.53 bp	12.3 bp −$12	16.8 bp −$168	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.58 bp	13.3 bp −$13	21.6 bp −$216	170.3 bp −$17.0K	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	−0.0373%	1h	144.46	+0.069%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0190%	1h	144.43	+0.048%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.48	+0.083%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.43	+0.048%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.52	+0.114%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.39	+0.021%	$71K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.45	+0.065%	$70K	—	150x	as long as short
ApeX Omni AAVEUSDT	+0.0006%	1h	144.42	+0.042%	$134K	$229K	50x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0012%	1h	144.57	+0.143%	$3.4M	$2.1M	50x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.126%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.43	+0.051%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.47	+0.076%	$17.5M	$65.8M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0054%	8h	144.43	+0.048%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.46	+0.069%	$7.7M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0063%	8h	144.43	+0.048%	$31.7M	$26.2M	200x	as long as short
Binance AAVEUSDT	+0.0063%	8h	144.43	+0.048%	$65.7M	$183.5M	75x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.38	+0.017%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.35	−0.004%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.66	+0.207%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.48	+0.081%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.52	+0.112%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.48	+0.081%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.59	+0.159%	$80.3M	$33.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.51	+0.104%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.48	+0.084%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.50	+0.097%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.47	+0.076%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.044%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.52	+0.111%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.48	+0.083%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.46	+0.069%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.59	+0.159%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	−0.194%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.32	−0.025%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.52	+0.111%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.45	+0.064%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.58	+0.155%	$723K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	+0.076%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	+0.059%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0183%	8h	144.43	+0.048%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0248%	1h	144.36	long leg	$777K	$3.0M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.45	+0.064%	$124K	—	100x	as long as short