AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.091%

Price spread now: Kraken Futures against Hyperliquid+0.006%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 3 days (all we have)+0.279%+$28 · spread now +0.006%, 7d avg −0.064%

Together, before fees+0.103%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.069% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.064%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	144.75	0.0100	pay 0.0013% / 1h	40m 43s	$79.3M	$33.9M	10x
Short	Kraken Futures PF_AAVEUSD	144.76	0.0054	get 0.0007% / 1h	40m 43s	$3.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$9.63
Price spread: +0.006% → −0.064%: $6.92
Slippage, 4 orders: −$21.45
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.16
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Hyperliquid: 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 Hyperliquid live order book, 3 min ago	0.69 bp	6.4 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.80 bp	13.2 bp −$13	24.1 bp −$241	119.9 bp −$12.0K	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
01 Exchange AAVEUSD	−0.0184%	1h	144.71	−0.028%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.63	−0.083%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0074%	1h	144.65	−0.069%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.56	−0.131%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.66	−0.059%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.77	+0.014%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.69	−0.039%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.382%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.66	−0.062%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.64	−0.076%	$65.7M	$185.3M	75x	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	144.59	−0.109%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.71	−0.030%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.68	−0.048%	$17.4M	$66.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.60	−0.104%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0054%	1h	144.76	+0.006%	$3.5M	$2.1M	50x
Gate AAVE_USDT	+0.0069%	8h	144.70	−0.035%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	−0.044%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.69	−0.040%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.312%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.86	+0.079%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	−0.070%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.72	−0.017%	$801K	$436K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	144.75	long leg	$79.3M	$33.9M	10x
Aster AAVEUSDT	+0.0100%	8h	144.70	−0.032%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.66	−0.062%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.67	−0.055%	$61.4M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.66	−0.062%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.68	−0.048%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.64	−0.076%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.68	−0.048%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.77	+0.014%	$382K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.559%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.57	−0.122%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.332%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.72	−0.021%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.68	−0.046%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.84	+0.061%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.64	−0.076%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.61	−0.099%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0138%	8h	144.69	−0.041%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.68	−0.051%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.71	−0.028%	$777K	$3.0M	50x	as long as short