AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: dYdX against Kraken Futures−0.024%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$364as in the Price arb table

costs, in and out, $10k−$3633.630% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.298%−$30 · spread now −0.024%, 7d avg −0.017%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	146.44	0.0002	pay 0.0000% / 1h	49m 41s	$3.5M	$2.1M	50x
Short	dYdX AAVE-USD	146.40	0	get 0.0000% / 1h	49m 41s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.48
Price spread: −0.024% → −0.017%: −$0.65
Slippage, 4 orders: −$343.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$364.15
Costs to cover: 3.630%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; dYdX: live order book, 29 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	6.15 bp	11.5 bp −$12	20.4 bp −$204	doesn't fit	doesn't fit
Sell dYdX live order book, 29 min ago	158.47 bp	171.6 bp −$172	178.5 bp −$1,785	205.7 bp −$20.6K	437.8 bp −$218.9K

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	−0.0091%	1h	146.37	−0.047%	$256K	$412K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.35	−0.061%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	146.32	−0.082%	$5K	$298K	10x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	146.40	−0.024%	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.42	−0.013%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0002%	1h	146.44	long leg	$3.5M	$2.1M	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.41	−0.018%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	146.36	−0.054%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.473%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.34	−0.068%	$30.9M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.29	−0.102%	$66.7M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.30	−0.093%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.35	−0.061%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.26	−0.123%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.31	−0.088%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.38	−0.041%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.55	+0.075%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	−0.102%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.44	+0.004%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.36	−0.057%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.37	−0.046%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.30	−0.095%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.32	−0.082%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.036%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.36	−0.054%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.32	−0.082%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.30	−0.095%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.38	−0.043%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.35	−0.058%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.43	−0.004%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.109%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.52	+0.055%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.44	+0.001%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.62	+0.122%	$702K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.40	−0.027%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.127%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.36	−0.056%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.40	−0.027%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0182%	1h	146.55	+0.075%	$81.0M	$34.4M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0216%	1h	146.45	+0.007%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.41	−0.021%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	−0.006%	$795K	$3.0M	50x	as long as short