Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h −0.030%
Price spread now: Kraken Futures against Injective+3.585%63s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 3.585% dearer against Injective than usual: you sell high and buy low: +$358 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective AAVE/USDC PERP136.960.0033pay 0.0004% / 1h47m 32s$422$51K12x
ShortKraken Futures PF_AAVEUSD141.870.0326get 0.0041% / 1h47m 32s$3.4M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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

Funding earned
$61.49
Price spread: +3.585% → 0.000%
$358.48
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$409.95
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Kraken Futures live order book, 1 min ago5.99 bp12.2 bp −$1223.9 bp −$239159.4 bp −$15.9Kdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.7011%1h140.82+2.818%$221K$396K50xas long as short
01 Exchange AAVEUSD−0.0168%1h142.01+3.687%$10K$2K5xas long as short
SoDEX AAVE-USD−0.0078%1h141.79+3.527%$5K$298K10xas long as short
dYdX AAVE-USD0.0000%1h141.88+3.594%$101K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.60+3.388%$47K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.93+3.632%$79K150xas long as short
Injective AAVE/USDC PERPlong+0.0033%1h136.96long leg$422$51K12x
Reya AAVERUSDPERP+0.0044%1h141.85+3.567%20xas long as short
Orderly PERP_AAVE_USDC+0.0046%8h141.85+3.570%$18K$10K10xas long as short
Phoenix AAVE+0.0056%1h142.03+3.702%$4K$102K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado AAVE-PERP+0.0062%1h141.89+3.598%$843K$446K10xas long as short
Lighter AAVE+0.0096%1h141.83+3.553%$4.5M$1.8M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.92+3.618%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h141.90+3.607%$76.6M$35.3M10xas long as short
Aster AAVEUSDT+0.0100%8h141.74+3.491%$1.2M$1.3M50xas long as short
Pacifica AAVE+0.0100%1h141.86+3.575%$323K$433K10xas long as short
Binance AAVEUSDT+0.0100%8h141.92+3.620%$63.6M$185.3M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.83+3.556%$60.7M$66.5M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.88+3.592%$17.0M$63.6M50xas long as short
Arcus AAVE-USD+0.0100%1h142.05+3.716%$63K$204K10xas long as short
Gate AAVE_USDT+0.0100%8h141.91+3.614%$7.9M$15.6M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.84+3.563%$25.1M$23.6M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.85+3.570%$10.5M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.77+3.512%$28.9M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h141.91+3.614%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h141.90+3.607%$337K$715K10xas long as short
Variational Omni AAVE+0.0100%8h142.06+3.724%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h141.89+3.600%$102K$279K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.90+3.605%$448K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h141.88+3.592%$132K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.95+3.643%$122K$384K10xas long as short
SunX AAVE-USDT+0.0100%8h141.81+3.538%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h142.03+3.699%$683K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.76+3.505%$4.0M$3.7M50xas long as short
Bulk AAVE-USD+0.0100%1h142.68+4.174%$58K$2K10xas long as short
Extended AAVE-USD+0.0104%1h141.88+3.594%$895K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h141.64+3.414%$120K$14610xas long as short
RISEx AAVE/USDC+0.0136%1h142.05+3.715%$177K$241K10xas long as short
BloFin AAVE-USDT+0.0220%8h141.55+3.351%$3.3M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h141.91+3.618%$111K100xas long as short
Kraken Futures PF_AAVEUSDshort+0.0326%1h141.87+3.585%$3.4M$2.1M50x
Coinbase International AAVE-PERP-INTX+0.0336%1h142.13+3.775%$775K$2.8M50xas long as short