Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.067%

Price spread now: Aster against Kraken Futures−0.064%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)−0.379%−$38 · spread now −0.064%, 7d avg −0.018%

Together, before fees−0.223%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.046% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.018%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	145.18	0.0012	pay 0.0002% / 1h	49m 54s	$3.5M	$2.0M	50x
Short	Aster AAVEUSDT	145.08	0.0100	get 0.0100% / 8h	2h 49m	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.064%Rate

Funding earned: $18.42
Price spread: −0.064% → −0.018%: −$4.64
Slippage, 4 orders: −$35.4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.62
Costs to cover: 0.534%
Break-even: 22.1 days

Slippage from Kraken Futures: live order book, 4 min ago; Aster: 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 Kraken Futures live order book, 4 min ago	7.56 bp	16.5 bp −$17	23.4 bp −$234	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.48 bp	11.2 bp −$11	24.9 bp −$249	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
Deribit AAVE_USDC-PERPETUAL	−0.0370%	1h	145.07	−0.074%	$246K	$477K	50x	as long as short
SoDEX AAVE-USD	−0.0154%	1h	145.02	−0.109%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.94	−0.164%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	+0.118%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.13	−0.037%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.99	−0.130%	$75K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.13	−0.030%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0012%	1h	145.18	long leg	$3.5M	$2.0M	50x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.661%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.06	−0.079%	—	—	20x	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	+0.0049%	8h	145.36	+0.125%	$17.7M	$65.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0059%	8h	145.02	−0.109%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0067%	8h	145.33	+0.105%	$7.8M	$15.6M	75x	as long as short
MEXC AAVE_USDT	+0.0080%	8h	145.29	+0.077%	$32.2M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.29	+0.077%	$66.0M	$181.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0095%	1h	145.30	+0.084%	$135K	$229K	50x	as long as short
Lighter AAVE	+0.0096%	1h	145.24	+0.039%	$4.7M	$1.6M	10x	as long as short
Nado AAVE-PERP	+0.0097%	1h	144.97	−0.147%	$813K	$440K	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.03	−0.105%	$180K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.98	−0.138%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.50	+0.222%	$81.3M	$32.4M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	145.08	−0.064%	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	145.00	−0.120%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.34	+0.112%	$62.0M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.98	−0.136%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.028%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.22	+0.029%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.35	+0.118%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.31	+0.091%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.20	+0.015%	$346K	$685K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.98	−0.139%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.27	+0.062%	$100K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.337%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.11	−0.047%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.00	−0.120%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.17	−0.006%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.10	−0.054%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.27	+0.066%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.07	−0.074%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0201%	8h	144.76	−0.288%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.19	+0.008%	$781K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.12	−0.040%	$125K	—	100x	as long as short