AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.231%

Price spread now: Deribit against Kraken Futures−0.041%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.041%, 7d avg −0.051%

Together, before fees−0.266%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	143.63	0.0268	pay 0.0033% / 1h	39m 36s	$3.5M	$2.0M	50x
Short	Deribit AAVE_USDC-PERPETUAL	143.57	0	get 0.0000% / 1h	39m 36s	$238K	$377K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$56.2
Price spread: −0.041% → −0.051%: $0.94
Slippage, 4 orders: −$32.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$104.42
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Deribit: live order book, 19 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	3.48 bp	19.2 bp −$19	29.9 bp −$299	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	6.58 bp	10.1 bp −$10	doesn't fit	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	143.24	−0.271%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.34	−0.201%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.62	−0.007%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	143.57	−0.041%	$238K	$377K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.59	−0.028%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.643%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.57	−0.041%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.53	−0.073%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.104%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0094%	1h	143.64	+0.007%	$833K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.46	−0.119%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0097%	8h	143.22	−0.285%	$17.2M	$63.2M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.27	−0.250%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.50	−0.092%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.42	−0.149%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.33	−0.206%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.25	−0.263%	$64.2M	$183.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.27	−0.250%	$61.2M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.27	−0.250%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.051%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.31	−0.222%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.28	−0.243%	$25.9M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.43	−0.139%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.23	−0.278%	$30.0M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.27	−0.250%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	+0.021%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	−0.099%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.52	−0.079%	$103K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.105%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.105%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	−0.020%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.61	−0.014%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.57	−0.041%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.67	+0.029%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.54	−0.062%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.20	−0.299%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.60	−0.018%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.30	−0.232%	$191K	$233K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	−0.174%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.56	−0.046%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0268%	1h	143.63	long leg	$3.5M	$2.0M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	−0.034%	$777K	$2.8M	50x	as long as short