Funding you earn now, next payment 01:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.042%
Price spread now: Binance against Kraken Futures−0.084%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now −0.084%, 7d avg −0.026%
=Funding pays, the price is against you. Binance is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.026%). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.097% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AAVEUSD | 146.59 | −0.0184 | get 0.0023% / 1h | 14m 33s | $3.5M | $2.0M | 50x |
| Short | Binance AAVEUSDT | 146.47 | 0.0024 | get 0.0024% / 8h | 7h 14m | $66.3M | $183.3M | 75x |
Kraken Futures PF_AAVEUSD
Binance AAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.56
- Price spread: −0.084% → −0.026%
- −$5.83
- Slippage, 4 orders
- −$27.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$9.45
- Costs to cover
- 0.472%
- Break-even
- 8.5 days
Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 14 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 | 5.83 bp | 16.9 bp −$17 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.34 bp | 7.3 bp −$7 | 17.9 bp −$179 | 44.9 bp −$4,492 | 172.6 bp −$86.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSDlong | −0.0184% | 1h | 146.59 | long leg | $3.5M | $2.0M | 50x | |
| 01 Exchange AAVEUSD | −0.0152% | 1h | 146.50 | −0.064% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0082% | 1h | 146.44 | −0.105% | $5K | $295K | 10x | as long as short |
| Phemex AAVEUSDT | −0.0070% | 8h | 146.42 | −0.119% | $4.2M | $3.8M | 50x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0023% | 1h | 146.47 | −0.085% | $255K | $369K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.55 | −0.030% | $105K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.43 | −0.112% | $78K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.33 | −0.180% | $5K | $102K | 10x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.51 | −0.058% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0023% | 8h | 146.54 | −0.037% | $28.8M | $25.9M | 200x | as long as short |
01 Exchange AAVEUSD
SoDEX AAVE-USD
Phemex AAVEUSDT
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDTshort | +0.0024% | 8h | 146.47 | −0.084% | $66.3M | $183.3M | 75x | |
| ApeX Omni AAVEUSDT | +0.0024% | 1h | 146.19 | −0.276% | $136K | $231K | 50x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.572% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.41 | −0.127% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0045% | 8h | 146.43 | −0.112% | $18K | $10K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0063% | 8h | 146.46 | −0.092% | $17.9M | $66.3M | 50x | as long as short |
| Gate AAVE_USDT | +0.0084% | 8h | 146.49 | −0.071% | $7.9M | $15.3M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.46 | −0.092% | $124K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0093% | 8h | 146.39 | −0.139% | $3.5M | $3.5M | 100x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.69 | +0.062% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.46 | −0.091% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.49 | −0.075% | $801K | $423K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.60 | +0.003% | $79.9M | $35.4M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.54 | −0.034% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.50 | −0.064% | $334K | $503K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.45 | −0.099% | $62.7M | $64.9M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.51 | −0.058% | $46K | $270K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.79 | −0.551% | $59K | $2K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.55 | −0.030% | $11.1M | $9.0M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.45 | −0.099% | $30.3M | $17.9M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.46 | −0.092% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.55 | −0.030% | $332K | $736K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.27 | −0.220% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.09 | −0.346% | $105K | $318K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 146.19 | −0.277% | $462K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.52 | −0.051% | $127K | $416K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.41 | −0.123% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.77 | +0.122% | $714K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.43 | −0.114% | $939K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.53 | −0.042% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0235% / S −0.0373% | 1h | 146.49 | −0.072% | $130K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.42 | −0.119% | $785K | $2.9M | 50x | as long as short |
ApeX Omni AAVEUSDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
BloFin AAVE-USDT
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX