AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h +0.059%

Price spread now: Arcus against Kraken Futures+0.022%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$430.433% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.161%+$16 on $10k

Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.022%, 7d avg −0.020%

Together, before fees−0.299%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.042% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.020%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 4 days funding on this pair paid +0.161%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	143.52	0.0268	pay 0.0033% / 1h	40m 57s	$3.5M	$2.0M	50x
Short	Arcus AAVE-USD	143.55	0.0100	get 0.0013% / 1h	40m 57s	$44K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. 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 Kraken FuturesbpFee ArcusbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$35.24
Price spread: +0.022% → −0.020%: $4.19
Slippage, 4 orders: −$28.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$74.35
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Arcus: live order book, 22 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 Kraken Futures live order book, 3 min ago	3.48 bp	19.2 bp −$19	29.9 bp −$299	doesn't fit	doesn't fit
Sell Arcus live order book, 22 min ago	2.42 bp	6.8 bp −$7	25.0 bp −$250	doesn't fit	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	−0.0064%	1h	143.48	−0.027%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.40	−0.083%	$238K	$377K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	−0.033%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	−0.034%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.53	+0.009%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.570%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.42	−0.069%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.48	−0.023%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.027%	$5K	$98K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.63	+0.075%	$4.6M	$1.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.50	−0.013%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.46	−0.038%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	−0.016%	$832K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.55	+0.022%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.51	−0.004%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.45	−0.047%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.50	−0.013%	$64.3M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.50	−0.013%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.55	+0.022%	$44K	$179K	10x
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.027%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.45	−0.048%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.45	−0.048%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.48	−0.027%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.49	−0.020%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.44	−0.055%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.50	−0.013%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	−0.022%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	+0.149%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.182%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.182%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.55	+0.022%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.42	−0.068%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.43	−0.062%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.66	+0.095%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.50	−0.013%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.36	−0.113%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.48	−0.030%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.56	+0.026%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	−0.096%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	+0.013%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0268%	1h	143.52	long leg	$3.5M	$2.0M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	+0.043%	$777K	$2.8M	50x	as long as short